Government hopes to cash in on free trade agreement with B2B e-commerce
Laura Dobberstein Fri 9 Apr 2021 // 02:54 UTC Share
Vietnam has launched its own e-commerce platform to help in-country businesses access European Union markets.
Vietnam wants the platform to help it take advantage of EU-Vietnam Free Trade Agreement (EVFTA), which in 2020 eliminated most tariffs and lowered regulatory barriers between Vietnam and the European bloc.
Vietnam also fancies operating a trading platform of its own. Noting a pandemic-inspired boost in e-commerce during 2020, deputy minister for industry and trade Cao Quoc Hung said at the platform s launch that Alibaba and Amazon had helped micro-sized enterprises and business households to export their products, which seemed to be impossible in the past.
Footwear industry needs to resolve difficulties to make breakthrough Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
15/01/2021 08:08 GMT+7
The Covid-19 pandemic has continued to obstruct trade activities of the leather and footwear industry in the main export markets of Vietnam, including Europe and the US.
Last year, the whole industry exported US$19.5 billion, down 11.5 percent compared to 2019. Currently, Vietnam has controlled the pandemic, so many long-term orders have returned to enterprises. However, experts predict that the difficult situation will last until the end of this year.
Footwear production at Biti s Company. Photo: SGGP