E-commerce helps SMEs boost online exports
After a month of exchanging information via Alibaba, Vegetexco 1 has exported a consignment of cucumbers to a client in Estonia. Since becoming a Gold Supplier member on Alibaba, the enterprise has received daily letters from potential clients asking about products.
Le Van Anh, Vegetexco 1’s director, said he was satisfied about the result, though he has to pay a fee to maintain high ranking in search results on the world’s leading e-commerce website.
In the past, enterprises had to take 19 steps which cost time and money to export products. Therefore, only large enterprises could export, but things are different now thanks to e-commerce.
According to the Ministry of Industry and Trade (MOIT), about 200 Vietnamese enterprises had products on Amazon by the end of 2017.
On Alibaba.com, about 1,000 Vietnamese enterprises pay fees of between VND30 million and VND135 million a year to obtain Gold Supplier membership.
Pham Nang Duy, director of Onbrand, partner of Amazon in Vietnam, said Onbrand is ready to help clients create accounts, post images of products, send goods via Amazon store and ensure safe payment for enterprises.
EDX Group, the import representative of Alibaba in Vietnam, said the company is cooperating with the Vietnam Craft Villages Association to run a program that supports craft households make products for export to China and other markets.
Pham Phuong Lan from Dam San JSC said after nearly one year of joining Alibaba, the company now has many more clients from Germany, the US and France, and receives around 80 letters asking about products each month.
Five traders on Alibaba have been chosen by the company as strategic partners, and they bring 65% of the company’s revenue.
Hien Duong from Asia Crafts said the paint manufacturer has a big client thanks to Alibaba and 50% of its total revenue is from the partners it found via Alibaba.
However, analysts commented that many Vietnamese enterprises still cannot take full advantage of all the features offered on Alibaba.com or Amazon.com.
The lack of understanding about the operation of these websites makes it impossible for enterprises to exploit all the benefits the website can bring.
The weak point of most Vietnamese enterprises is that the information shown on websites is not attractive enough and cannot be updated regularly.
In general, the enterprises don’t have staff in charge of managing and controlling data on Alibaba or Amazon.
Prestigious e-commerce websites all have a market data analyzing system. However, most Vietnamese companies do not know how to make use of this to plan their sales effectively.
Related News
E-commerce tax collection in Hanoi increased by 265%
10:28 | 13/10/2024 Finance
Insurance companies adapt to e-commerce trends
09:30 | 11/09/2024 Import-Export
Ho Chi Minh City: Many violations in e-commerce business
10:19 | 25/08/2024 Anti-Smuggling
Policies of goods quality inspection need to facilitate and prevent fraud
09:43 | 17/08/2024 Regulations
Latest News
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
More News
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export
Lao Cai Customs sees a triple-digit surge in export-import turnover
10:37 | 02/11/2024 Import-Export
Coconut is expected to become a billion-dollar export item
16:40 | 01/11/2024 Import-Export
Plastic exporters interested in converting to recycling technology
16:36 | 01/11/2024 Import-Export
Logistics sector must embrace innovative trends to stay competitive
16:34 | 01/11/2024 Import-Export
Vietnam’s agro-forestry-aquatic product exports likely to set new record
16:32 | 01/11/2024 Import-Export
UKVFTA greatly benefits Vietnam-UK trade: Experts
14:19 | 31/10/2024 Import-Export
Agricultural exports likely to exceed 60 billion USD amid challenges
14:18 | 31/10/2024 Import-Export
Vietnam-Philippines trade likely to exceed 8 billion USD for first time
14:17 | 31/10/2024 Import-Export
Your care
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export