“I am optimistic about the growth of cross-border sales in Vietnam,” said Mike Zhang, country manager of Alibaba Vietnam, adding that the number of Vietnamese products for sale on China’s most popular business-to-business platform jumped 24 percent. during the period.
The company did not reveal specific figures.
There are now thousands of Vietnamese businesses on Alibaba, most of them small and medium-sized, Zhang said.
Some companies have been in business for years, such as furniture maker Nghia Son, electronics maker Lioa and food producer Rita.
Vietnamese suppliers are most active in the food & beverage, home & garden, beauty and agriculture categories on Alibaba, nicknamed the Asian Amazon.
Many Vietnamese suppliers have taken advantage of Alibaba, according to the global online marketplace.
Textile company TT Garment generates 80% of its turnover on the platform, with buyers mainly from the United States, Canada and Australia.
TT Garment CEO Nguyen Van Thong said that since the beginning of the year, his company’s revenue has increased by 300% compared to the previous year.
The company’s average orders range from $25,000 to $30,000.
“This year we have seen growth in the US and Thai markets. We are negotiating to export a container of hats to the United States. »
Hanh Sanh, an electric fan manufacturer in Ho Chi Minh City, reported that the number of Alibaba inquiries the company received so far this year increased by 30 percent from the previous year.
Roger Luo, Alibaba’s head of Southeast Asia, said Vietnam has major potential in its manufacturing capacity and ability to ship products to global buyers.
Seeing substantial growth in Vietnam, Alibaba launched its Trade Assurance protection service in September to increase trust between suppliers and buyers.
Alibaba’s business-to-business platform was launched in 1999. It has 47 million buyers made up of businesses from 190 economies.
