Vietnam could see its eCommerce export revenues rise to 296.3 trillion dong (RM58bil) by 2027. — Viet Nam News
HANOI: Vietnam could see its eCommerce export revenues rise to 296.3 trillion dong (US$12.5bil or RM58bil) by 2027, the 2023 Cross-Border E-Commerce Conference in Vietnam in Hanoi has heard.
Amazon Global Selling and Vietnam E-commerce and Digital Economy Agency (iDEA), The Industry and Trade Ministry kicked off their Cross-Border E-Commerce (CBEC) Conference in Vietnam in response to growing demand from Vietnamese businesses and to empower them to capture the rising CBEC opportunity.
With the theme Embrace Asian Experience, Vietnamese Brands Go Global, held in Hanoi on Wednesday and Ho Chi Minh City today, the event will include a CBEC conference to share the most updated insights and information about the eCcommerce export industry, a connecting day for 14 services providers in many services domains and presenting successful Amazon selling partners from South Korea, Singapore and Vietnam.
According to the latest research by Access Partnership, Vietnam could see its eCommerce export revenues rise to 296.3 trillion dong (RM58bil) by 2027 if local businesses are fully enabled and accelerate the rate at which they adopt eCommerce to export their products and services.
The survey conducted among around 300 domestic micro, small, and medium enterprises (MSMEs) in Vietnam found that 86% of MSMEs believe that without eCommerce, they would be unable to export at all and they would lack the capacity to do exporting activities.
Moreover, local MSMEs are also looking towards expanding their footprint in more markets such as the United States, Japan and European countries, over the next five years.
Seeing the potential of this industry, Amazon Global Selling is thus joining hands with iDEA to organise CBEC Conference 2023 in Vietnam with an expectation of raising awareness of CBEC among local enterprises, bringing online export experience from other countries in the region and from industry experts from service providers to empower and support businesses to accelerate their international growth. — Viet Nam News/ANN
