Vietrade, Alibaba.com partner to help firms with online export
VNA -
(VOVWORLD) - The Vietnam Trade Promotion Agency (Vietrade) and Alibaba.com, the global business-to-business (B2B) e-commerce platform of the Alibaba Group, signed a memorandum of understanding (MoU) on supporting Vietnamese firms to boost online export and organised an international e-commerce conference in Hanoi on Tuesday.
 The Vietrade and Alibaba.com sign an MoU on supporting Vietnamese firms to boost online export, Hanoi, March 16, 2021. (Photo: baocongthuong.vn) |
Under the MoU, Alibaba.com pledged to provide technical assistance in digital transformation for trade promotion organisations and small- and medium-sized enterprises (SMEs) of Vietnam.
Vietrade, an agency under the Ministry of Industry and Trade, is committed to working with Alibaba.com to improve the digital transformation and e-commerce capacity of the targeted groups. They are set to continue organizing a series of capacity building events to benefit more than 1,200 businesses nationwide in the next three years.
Besides, long-term cooperation plans related to digital transformation, business brand and product trademark building, awareness improvement, and advice provision for firms to operate on Alibaba.com will also be made and implemented concertedly.
Addressing the e-commerce conference - the first big event of Alibaba.com in Vietnam, Deputy Minister of Industry and Trade Do Thang Hai said e-commerce in Vietnam grew 18% in 2020 to reach 11.8 billion USD. Though the expansion was slower than forecast, Vietnam was still the only Southeast Asian nation to post a double-digit growth rate in e-commerce.
Via the cooperation with partners in Vietnam and the world, Alibaba.com looks to achieve over 100 billion USD in gross merchandise value by 2024, assist more than 10 million SMEs around the globe, and have over 10,000 suppliers from Vietnam involved in B2B e-commerce activities on Alibaba.com.
VNA