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Alibaba, Vietrade partner to support Vietnamese firms with online exports

Abstract : Alibaba.com, an online business-to-business (B2B) marketplace for global wholesalers under the Alibaba Group, signed a memorandum of understanding (MoU) on Tuesday with the Vietnam Trade Promotion Agency (Vietrade), with the aim of supporting Vietnamese firms to boost online exports.

HANGZHOU, March 17 (Xinhua) — Alibaba.com, an online
business-to-business (B2B) marketplace for global wholesalers under the
Alibaba Group, signed a memorandum of understanding (MoU) on Tuesday
with the Vietnam Trade Promotion Agency (Vietrade), with the aim of
supporting Vietnamese firms to boost online exports.

According to the MoU, Alibaba.com will support Vietnamese firms with
faster access to its global e-commerce platform, as well as solutions
designed to accelerate business growth and tailored services to help
them deepen their online trade capabilities.

In 2020, the two sides organized workshops for companies from five
Vietnamese provinces and cities including Ho Chi Minh City. Another four
workshops in other locations are expected to be organized this year.

Alibaba.com pledged to support 10,000 Vietnamese firms by 2024.

The e-Conomy SEA 2020 report shows that the size of Vietnam’s
e-commerce market currently stands at 7 billion U.S. dollars, with a
growth rate of 46 percent from 2019 to 2020, and an expected value of 29
billion dollars in 2025. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: Alibaba, Vietrade partner to support Vietnamese firms with online exports

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