The role of small- and medium-sized enterprises (SMEs) in today’s business landscape cannot be ignored. In the Asia Pacific region, SMEs not only account for the majority of employment and job creation, they make significant contributions to GDP in many related markets. By Hardy Diec - Managing director, FedEx Express Indochina Recent research commissioned by FedEx shows that in Vietnam, eight out of 10 SMEs that engage in imports and exports are exporting to markets outside of the Asia-Pacific, higher than the regional average of 71 per cent. Around 57 per cent of those are optimistic and believe they will see a further increase in exports beyond the region in the year ahead. At the same time, SMEs in Vietnam are even more bullish about exports within the Asia-Pacific, with almost two-thirds anticipating increased revenue growth. Clearly, there is significant opportunity for trade within these markets. SMEs are increasingly looking for opportunities to grow their … [Read more...] about SME success dependent on right market access support
Ecommerce marketing
Market surveillance officials involved in Con Cung case yet to be disciplined
Market surveillance officials involved in Con Cung case yet to be disciplinedThe Saigon Times Daily Market surveillance officials inspect products at a shop – PHOTO: VNA HCMC – Four months have passed since the Ministry of Industry and Trade found some officials at the Vietnam Directorate of Market Surveillance making unsubstantiated claims that Con Cung (Beloved Kid), a children’s wear retail store chain, was selling goods of unclear origin. However, no one has been disciplined. The directorate’s general director, Tran Huu Linh, told Nguoi Lao Dong newspaper on Thursday that disciplinary measures have not been taken against two former deputy heads of the now-defunct Market Surveillance Agency, Nguyen Trong Tin and Tran Hung, and the agency’s head, Trinh Van Ngoc. While pending disciplinary measures, the directorate did not appoint these individuals who currently serve as market surveillance officials, according to Linh. Last August, the ministry … [Read more...] about Market surveillance officials involved in Con Cung case yet to be disciplined
Con Cung case: Two market-surveillance leaders violate regulations
Con Cung case: Two market-surveillance leaders violate regulations By Thanh Thom The façade of a Con Cung store – PHOTO: VNA HCMC – Two deputy heads of the Market Surveillance Agency under the Ministry of Industry and Trade are found to have violated regulations with unfounded claims involving the suspected irregularities at Con Cung (Beloved Kid), thus affecting the normal business activities of the retail store chain specializing in mother and baby products. On August 17, the ministry decided to establish a task force to review and evaluate the law enforcement efforts of the Market Surveillance Agency in inspecting Con Cung. The results were made available in a statement posted on the ministry’s website yesterday, October 4. According to the statement, the agency instructed 29 market surveillance divisions in various provinces and cities to inspect the business activities of Con Cung in line with prevailing regulations. Market-surveillance officials … [Read more...] about Con Cung case: Two market-surveillance leaders violate regulations
Amazon launches websites supporting Vietnamese ecommerce sellers
Amazon launches websites supporting Vietnamese ecommerce sellersBy Chi Thinh Speakers give advice on global ecommerce at the event “Selling Globally on Amazon,” held on September 27 in HCMC – PHOTO: CHI THINH HCMC – Amazon, a U.S.-based multinational ecommerce platform, has launched shopping websites in Vietnamese, enabling local shop owners to run their online businesses on the platform more easily, heard attendees at an event held on September 27 in HCMC. The event, titled “Selling Globally on Amazon,” was jointly held by the Vietnam Ecommerce Association and Amazon Global Selling, with the participation of 1,000 ecommerce operators and sellers. The two organizers reportedly joined forces for the first time to counsel the sellers on ecommerce solutions that work on amazon.com. At the event, Amazon introduced the website Amazon Global Selling, at services.amazon.vn, and an official Facebook fan page, both displayed in Vietnamese. The two … [Read more...] about Amazon launches websites supporting Vietnamese ecommerce sellers
Who dominates Vietnam’s online shopping market?
VietNamNet Bridge - The presence of Chinese e-commerce brands in Vietnam has raised concern that Chinese mobile payment apps and Chinese products will flood the Vietnamese market. Vietnam e-commerce is predicted to have value of $10 billion by 2022 Vietnam ecommerce, predicted to have value of $10 billion by 2022, is a gold mine for foreign investors. The presence of Chinese e-commerce brands in Vietnam has raised concern that Chinese mobile payment apps and Chinese products will flood the Vietnamese market. Alibaba was the first Chinese player present in Vietnam after taking over Lazada Southeast Asia in April 2016. It has appointed Zhang YiXing of China to the post of Lazada Vietnam’s CEO to replace the French CEO. RELATED NEWS Freight forwarding companies see opportunities in e-commerce E-commerce: the major battle is in their warehouses, delivery services Chi Nam … [Read more...] about Who dominates Vietnam’s online shopping market?
Online market Sendo ties up with DHL for local delivery
Representatives of Sendo and DHL eCommerce Vietnam share information about their partnership at a press conference in HCM City on September 15. — VNS Photo Viet Nam News HCM CITY — Sen Đỏ Technology JSC, the owner of e-commerce platform sendo.vn, on September 15 signed a deal with DHL eCommerce for fast delivery service around the country. This means sellers on Sendo can now access DHL’s domestic delivery network and deliver to their buyers on the same day or next day in HCM City, Hà Nội and other major hubs. Trần Hải Linh, CEO of Sendo, said: “Sendo aims to support over 300,000 individual vendors, micro entrepreneurs, and small businesses to sell their goods online and deliver them affordably throughout Việt Nam. “With our collaboration with DHL eCommerce, we will provide not only the sellers but also several million buyers on our platform with an international-quality delivery experience in Việt … [Read more...] about Online market Sendo ties up with DHL for local delivery
Lazada Vietnam launches online shopping platform LazMall
Lazada Vietnam launches online shopping platform LazMallBy Hung Le Nguyen Thanh Thuy, head of the sales department at Lazada Vietnam, introduces brands available on LazMall at a press conference during its launch – PHOTO: HUNG LE HCMC - Ecommerce firm Lazada Vietnam on September 4 rolled out its online shopping platform LazMall, pledging to provide 100% authentic goods from nearly 300 popular international and local brands, with a wide variety of product lines, ranging from technology, home appliances and groceries to fashion, beauty and mother and babycare items. Addressing the launch ceremony, Nguyen Thanh Thuy, head of the sales department at Lazada Vietnam, remarked that all products traded on LazMall are branded ones carefully selected by the ecommerce company. The firm is in negotiations with other popular brands to offer more exclusive incentives for LazMall shoppers in the coming period, Thuy noted, adding that the firm aims to build partnerships with … [Read more...] about Lazada Vietnam launches online shopping platform LazMall
Fake products on ecommerce platforms raise concerns
Fake products on ecommerce platforms raise concernsThe Saigon Times Daily A consumer is seen visiting an e-commerce platform. The sale of counterfeit products over e-commerce platforms raises concerns - PHOTO: THANH HOA HCMC - The sale of counterfeit products over ecommerce platforms at much lower prices than genuine goods seems to be becoming more complicated, reported news website Vietnamplus, citing participants at a conference on the tasks required of the market surveillance force in the remaining months of the year, held in Hanoi on August 2. Chu Xuan Kien, head of the Hanoi Market Surveillance Agency, said the sale of fake and low-quality products on ecommerce platforms will damage the confidence of consumers, and that most of the traders of counterfeit, smuggled and banned goods are students and graduates. They tend to store goods in different places, including their houses, making it difficult for the competent agencies to detect and address the violations. In … [Read more...] about Fake products on ecommerce platforms raise concerns
Taiwan displays ecommerce products in Vietnam
Taiwan displays ecommerce products in VietnamBy Hung Le Taiwan is eyeing the local ecommerce sector. In the file photo, visitors are seen at the Tiki Taiwan Pavilion at Taiwan Expo 2018 - PHOTO: HUNG LE HCMC - Taiwanese firms are eyeing the local ecommerce sector, with 29 suppliers introducing their ecommerce products at Taiwan Expo 2018, which kicked off on July 26 in HCMC’s District 7. The exhibition showcases the products and innovative ideas of 29 distributors who are members of Taiwanese ecommerce website, www.taiwantrade.com. Notably, the Tiki Taiwan Pavilion made its debut at the show by introducing over 190 items that were provided by 42 suppliers of Taiwantrade.com to local consumers. The pavillion is part of a new agreement struck between Tiki, a local leading ecommerce platform, and the Taiwan External Trade Development Council (TAITRA). The Taiwanese online store was put into service on the Tiki ecommerce website in mid-June this year. Felix H. … [Read more...] about Taiwan displays ecommerce products in Vietnam
Raging competition on e-commerce market promises to heat further up
A competitive marketAfter a long time of negotiations, JD.com, a large Chinese retailer, announced pouring VND1 trillion (US$44 million) in Tiki.vn to become the domestic firm’s largest shareholder.This amount may be turned to human resources training and optimising logistics to and from its warehouses as well as to conduct a study on promoting the Tikinow service, which is Tiki’s fastest click-to-delivery service. This is expected to bring Tiki.vn back to the e-commerce race in Vietnam.Although Tiki and JD have not announced the coming strategies yet, Tiki has just opened up its marketplace, and working hard to attract sellers to their platform as well as promote delivery within two hours of placing an order.Meanwhile, Shopee has been developing fast in Vietnam after the first year of operation. A report from iPrice Group, a market research company, announced that the shopping application of Shopee Vietnam has surpassed Lazada Vietnam in the third and fourth quarter of … [Read more...] about Raging competition on e-commerce market promises to heat further up