K array kr202 – Talk Vietnam

The event, the first of its kind virtually held, aims to strengthen connectivity among businesses and create fresh opportunities for local retailers to introduce their "Made-in-Vietnam" products. Addressing the event, Gijae Seong, Vietnam manager for Amazon Global Selling, emphasised that Vietnam represents one of the most dynamic economies in Southeast Asia, boasting an array of “Made-in-Vietnam” products such as home appliances, fashion accessories, kitchen utensils, and home gadgets on Amazon being popular among buyers globally. Seong said the strong development of cross-border e-commerce over the course of this year has provided a golden opportunity for sellers to transform into global online businesses. He affirmed that Amazon will support firms in maximizing their growth potential and promoting “Made-in-Vietnam” products through Amazon's online platforms worldwide. Since establishing a dedicated team in Ho Chi Minh City last year, Amazon has devised a range of specialised solutions in an effort to assist sellers in each locality to do business through Amazon in a simple and efficient manner. Furthermore, Amazon has also unveiled the launch of a dedicated team based in Hanoi aimed at providing additional training courses for sellers across different Vietnamese, while striving to expand its network of providers as a means of supporting local businesses nationwide. By enjoying competitive advantages in terms of production and a promising domestic market, the country has great potential to develop cross-border e-commerce due to the range of diversified products of Vietnamese enterprises being favoured by consumers globally thanks to their high quality coupled with competitive prices. …

Japanese pin hopes on Vietnam’s market New Japanese joint ventures in Vietnam are providing the evidence that Vietnam is becoming a haven for trusting investments as the globe attempts to fight out of the pandemic recessions. Meiji’s infant formula business in Vietnam mainly imports products from Japan and sales are growing steadily. The number of births per year in Vietnam is 1.5 million or approximately 1.7 times higher than that of Japan, and the market is expected to continue to expand in the future. By establishing a new company in Vietnam, Meiji aims to conduct more timely and effective sales activities and conduct business operations rooted in the region. Meanwhile, Sojitz Corporation and Vietnam Livestock Corporation JSC (VILICO), a company of the country’s leading dairy group Vinamilk, have reached an agreement to establish a new joint venture for the purpose of importing, processing, and selling beef products in Vietnam. Vietnam’s annual beef consumption is currently close to 500,000 tonnes, and is expected to increase as income levels rise and population growth continues. The joint venture, named Japan Vietnam Livestock Co., Ltd., will be capitalised at $2 million. Equity ownership will be split 49 per cent to Sojitz and 51 per cent to VILICO, while the joint venture is considering importing beef from such markets as Japan, North America, and Australia. Meanwhile Toppan Cosmo, Inc., a subsidiary of Toppan Printing, has partnered with Osaka-based Studio Tec and Ho Chi Minh City-based Nu Design and Supply Co., Ltd. (NDS) to establish Toppan Equator LLC in Vietnam. The new company is focused on creation of high-quality 3D computer graphics for sales promotion and presentations by Japanese companies in the construction, interior design, and housing equipment and appliance sectors. “Toppan Cosmo is very pleased to be able to fuse Studio Tec’s technical capabilities with NDS’ operational know-how to launch an organisation in …

Amazon markets Vietnamese goods via online platform

VIETNAM BUSINESS NEWS APRIL 17