Go Digital ASEAN to develop digital skills to unlock new economic opportunities
	UK 5G network ban puts Britain in ‘digital slow lane’, says Huawei
	Why digital transformation failure in Vietnamese business?

A number of Vietnamese firms have embarked on e-commerce to support exports and imports (Photo: Vietnam Plus)

In his remarks at the 2020 Vietnam Online Import - Export Forum (VOIEF), co-hosted in Hanoi on July 28 by the Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam E-commerce Association (VECOM), Hung said that the event was organized as the EU-Vietnam Free Trade Agreement (EVFTA) was signed and created a driving force for Vietnam's economy and exporters in particular, according to VOV.

The Vietnam E-Business Index 2020 report reveals that a number of Vietnamese firms have embarked on e-commerce to support exports and imports, under both the business-to-business and business-to-consumer models, he said.

The comprehensive plan on national e-commerce development for the 2021-2025 period and the national digital transformation program to 2025 and vision to 2030 were approved by the Prime Minister in May and June and set digital transformation as an indispensable process in modernizing distribution networks, improving business competitiveness, and developing domestic and foreign markets.

Digital transformation will help businesses join new supply chains (Photo: Digital service)

Hung said digital transformation will help businesses join new supply chains and replace old ones disrupted by Covid-19, as well as further diversify export markets and avoid any dependence on certain markets.

According to the Vietnam E-commerce Index 2020 report, many Vietnamese businesses have implemented e-commerce to support import-export under both business-to-business (B2B) and business-to-consumer models (B2C).

While the Covid-19 epidemic is complicated, this is also the time for businesses to realize the advantage of the digital economy and the more urgent requirements of the transition, Lao Dong reported.

Digital transformation will help Vietnamese businesses to find a more flexible business model (Photo: Bao Moi)

"Digital transformation will help Vietnamese businesses, especially small and medium enterprises find a more flexible business model while reducing costs and optimizing resources to overcome difficulties", Deputy Minister Cao Quoc Hung emphasized.

VCCI President Vu Tien Loc highlighted the cooperation between agencies in running digital platforms as being a crucial point in ensuring exports and imports, in regard to self-certification of origin, customs, logistics, and banking services.

Once the EVFTA takes effect, the platform is expected to fully support online trade promotions and link EU and Vietnamese companies together.

In particular, it will help popularize trademarks and develop geographical indications for major Vietnamese exports to the EU such as apparel, footwear, aquatic products, coffee, rice, sugar, wood, fresh and processed vegetables, mobile phones, machinery, and computers.

Vietnam's exports hit USD 122.8 billion in the first half of this year amid the chaos of the COVID-19 pandemic, up 0.2% year-on-year, while imports were down 2.9% to US$117.3 billion.

Vietnamese factory's milk licensed to export to China The Asia-Africa Market Department under the Ministry of Industry and Trade said that another Vietnamese factory has been granted with a transaction code to export ...

Vietnamese wood exports recover during the first half of the year According to the General Department of Vietnam Customs, Vietnam got USD 5.04 billion from exporting timber and wood products during the first six months of ...

Vietnam grabs position as second largest rice exporter from Thailand In the first five months of 2020, Thailand exported 2.57 million tons of rice, worth 54.2 billion baht. Thailand ranked third in rice export after ...