Thursday, 15:01, 11/02/2021
The growing demand for imported products in Vietnam and other markets will fuel runaway growth for cross-border e-commerce. However, the speed of expansion could also impose a burden on the government as it looks to efficiently supervise the fresh business model.
Greenjoy, a local startup specialised in grass-based straws has been using Amazon’s and Alibaba’s sites as effective tools to approach overseas markets for more than a year now. Straws from Greenjoy are present in Japan, the Republic of Korea, Taiwan, Cambodia, and Europe.
The go-global strategy through e-commerce platforms has greatly profited the company. “To date, Europe is occupying about 60% of our outputs,” Nguyen Vo, co-founder of Greenjoy, said.
The growing demand for imported products in Vietnam and other markets will fuel runaway growth for cross-border e-commerce. However, the speed of expansion could also impose a burden on the government as it looks to efficiently supervise the fresh business model.
There has been a substantial rise in the number of people buying things online because of the global health crisis. Photo: freepik.com
Greenjoy, a local startup specialised in grass-based straws has been using Amazonâs and Alibabaâs sites as effective tools to approach overseas markets for more than a year now. Straws from Greenjoy are present in Japan, South Korea, Taiwan, Cambodia, and Europe.
Zalo Shop cutting the tree under itself with new subscription charge 10:00 | 09/01/2021
Online vendors are protesting the decision by Zalo Shop to begin charging subscription fees, claiming its product offering and market share are nowhere close to warranting the step.
Zalo Shop has begun collecting fees from its official accounts who have uploaded products on the site since January 6
Local unicorn VNGâs e-commerce platform Zalo Shop has begun collecting fees from accounts who have uploaded products on the site since January 6, 2021. Pointedly, vendors have to pay about VND660,000 ($28.7) for a six-month package and about VND1.32 million ($57.4) for a 14-month package.