100 Vietnamese firms to be selected to join Amazon network
The Vietnam Trade Promotion Agency (Vietrade) and Amazon Global Selling will select 100 Vietnamese businesses to sell their products on the retail giant’s online network.
Hanoi (VNA) – TheVietnam Trade Promotion Agency (Vietrade) and Amazon Global Selling will select100 Vietnamese businesses to sell their products on the retail giant’s onlinenetwork.
Vietrade and Amazon experts willguide the firms how to complete export-import and customs procedures, buildonline shops on Amazon.com, study the US market and develop their products andbrands.
The businesses will also receive training on e-commerce and selling skills onAmazon.
According to the General Statistics Office(GSO), 98.1 percent of Vietnam’s businesses are small and medium-sizedenterprises (SMEs). Meanwhile, the World Bank reported that 60 percent of SMEsin 2018 could not access loans from official sources. They still cannot makeappropriate investments to upgrade the quality of products for both domesticconsumption and exports.
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Revenue from online retail in thecountry is forecast to hit 10 billion USD by 2020, accounting for 5 percent ofthe country’s retail market.-VNA
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Illustrative image (Photo: AFP/VNA) 
