ex. Game, Music, Video, Photography

Amazon set to wade into Vietnam’s fast-flowing e-commerce market

The American giant is ready to sign a deal to open its platforms up to Vietnamese exports.

Ngày đăng: 21 tháng 9, 2021
Cập nhật: 16 tháng 1, 2023
Lượt xem: 330646602
Nguồn: vnexpress

American e-commerce giant Amazon is set to join Vietnam's fast-growing market this month by opening up its platforms to local small and medium enterprises.

A VnExpress source said the company is expected to sign a deal with the Vietnam E-Commerce Association at an e-commerce forum in Hanoi on March 14.

The deal was discussed at a meeting late last year between the association and Amazon, the world's most valuable brand now worth $150 billion, according to Brand Finance Global Ranking.

Its development strategy will be revealed at the Vietnam Online Business Forum, which will be held first in Hanoi and then move to Ho Chi Minh City on March 16 and include discussions regarding online shopping trends, tax management and new technologies.

Vietnam’s e-commerce market grew by 25 percent last year and is expected to maintain its growth in the next three years, according to the association. Revenue from online retail is forecast to hit $10 billion by 2020, accounting for 5 percent of the country’s retail market.

The thriving market has attracted global giants.

Last November, Chinese e-commerce conglomerate Alibaba signed an agreement with the National Payment Corporation of Vietnam (NAPAS) that will allow Chinese tourists to use its online payment platform in Vietnam.

The deal came quickly after Alibaba founder Jack Ma visited Hanoi and spoke at a prominent e-payment forum. Alibaba made a regional expansion push in 2016 by spending $1 billion to buy a controlling stake in Singapore-based online retailer Lazada, which also operates in Malaysia, Indonesia, the Philippines, Thailand and Vietnam.


Từ vựng liên quan

Tin tức liên quan

Vietnam set to export dragon fruit to Australia soon
business 22/09/2021

Vietnam set to export dragon fruit to Australia soon

business | 332796612

The country, already a major coffee and rice exporter, is now turning fruit and vegetables into a key source of revenue.

Buyers queue at midnight for iPhone 12
business 21/09/2021

Buyers queue at midnight for iPhone 12

companies | 331156604

Hundreds of people queued up in front of Apple stores in Ho Chi Minh City on Thursday to become the earliest owners of the iPhone 12.

Vietnam gets ready to self-finance vaccine program
news 10/09/2021

Vietnam gets ready to self-finance vaccine program

news | 284186597

Financial support from international partners will be cut back now that the country has achieved the middle-income status.

Free trade deal boosts South Korea’s exports to Vietnam
business 18/09/2021

Free trade deal boosts South Korea’s exports to Vietnam

business | 323346594

Vietnam was the world’s third largest importer of South Korean products during January-October, data show.

Vietnam plans to power up its Spratly Islands
news 16/09/2021

Vietnam plans to power up its Spratly Islands

news | 318696609

Vietnam Electricity (EVN), the country’s power monopoly, said it had finished surveying the Spratly Islands to build a power grid across the archipelago, Vietnam News Agency reported yesterday.

Laser beams continue to threaten Vietnam’s aviation safety
news 19/09/2021

Laser beams continue to threaten Vietnam’s aviation safety

news | 326856599

After Hanoi, incidents of ground-based lasers targeting aircraft have plagued Saigon's airport.

Saigon braces for more record tides this year
news 19/09/2021

Saigon braces for more record tides this year

news | 327486597

River tides are rising relentlessly in Saigon due to climate change and other factors.

 Organic produce chains struggle to maintain Vietnam foothold
business 27/03/2021

Organic produce chains struggle to maintain Vietnam foothold

industries | 110716645

Stiff competition, storage issues and low profit margins make it very difficult to run an organic store chain in Vietnam.

China investment grows at slowest pace since 2000, more stimulus seen
world 16/09/2021

China investment grows at slowest pace since 2000, more stimulus seen

world | 316956598

Growth in China's fixed-asset investment slipped below 10 percent for the first time since 2000 in January-May as a boost from record credit growth seemed to be already fading, putting expectations of further stimulus back on the table.

US delivers six patrol boats to Vietnam
news 08/09/2021

US delivers six patrol boats to Vietnam's Coast Guard

news | 248676610

The boats are part of a $20 million hardware and infrastructure package.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…