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VNCU e-commerce platforms widens Vietnamese products' access to global market

by VTV425 March 2019 Last updated at 08:36 AM

VTV.vn - Vietnam is a land of opportunity for E-commerce companies because of its young population, high Internet penetration rate, and climbing smartphone penetration rates.

Cross-border e-commerce can be seen as a crucial channel for local exporters. It provides them with direct access to global buyers and reduces the costs involved in building a supply chain and setting up offices in destination markets. 

In 2018, Vietnam's total trade turnover was estimated to reach $480.17 billion, up 12.2 per cent on-year, according to the General Department of Vietnam Customs. Experts believe to win the e-commerce game, companies need strong teams with skilled personnel, a good knowledge of foreign markets along with good marketing strategy, and access to updated technology in order to fuel cross border exports through e-commerce in the coming time.

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