- Vietnam targets $10-15B cross-border e-com exports
- Partnerships with Amazon boost SME global access
- Gov't incentives, logistics hubs drive hub status
Vietnam is intensifying its efforts to become the top destination for cross-border e-commerce exports in the Southeast Asian region by utilizing government initiatives, infrastructure improvements, and collaborations with worldwide platforms to facilitate local sellers and producers. The plan concentrates on making the logistics more efficient, upgrading digital payment systems, and launching the training programs to Vietnamese businesses to help them conquer foreign markets, mainly in the US, Europe, and Asia.
One of the key factors is the partnership with e-commerce giants such as Amazon, which has implemented support programs with tools for global selling, inventory management, and marketing to help Vietnamese exporters. To this end, these are the initial outcomes that the coexistence model results in Vietnam's production capacity which has the comprehensive range of consumer electronics, apparels, and furniture, however the challenge of expensive shipping and administrative regulations still remains. The government simplifies export procedures, gives tax incentives to e-commerce firms, and creates dedicated cross-border logistics zones.
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Officials set the bar very high: they anticipate the cross-border e-commerce exports to hit between $10-15 billion annually in the next coming years and be a major contributor to Vietnam's overall digital economy target of $50 billion by 2030. As a result of subsidized training and certification in international standards, the SMEs are the main beneficiaries of the program; thus, the goal is achieved of inclusive growth and rural areas' job creation.
According to experts, Vietnam's demographic dividend in terms of a young and tech-savvy population as well as low wages make it competitive in the region; however, continuous broadband and cybersecurity effort is still necessary. This drive not only opens new paths for export beyond the existing sectors but also makes Vietnam stronger as to be one of the major global supply chains amid alteration of trade relations.