Cross-border E-commerce Conference 2024: elevating vietnamese products globally

May 22, 2024

Hanoi

On May 22, 2024, at the Cross-Border E-Commerce Conference 2024: Elevating Vietnamese Products Globally held in Hanoi, LianLian Global was honored to participate as a comprehensive payment solution provider within the Vietnamese Cross-Border E-Commerce ecosystem.

The "Cross-Border E-Commerce 2024 - Elevating Vietnamese Products Globally" conference is an annual event co-organized by the Department of E-Commerce and Digital Economy under the Ministry of Industry and Trade (E-Commerce and Digital Economy Department) and Amazon Global Selling Vietnam (AGS VN). The event aims to launch the "Cross-Border E-Commerce: A New Era of Breakthroughs" initiative, promoting exports through cross-border e-commerce.

Currently, Vietnam's e-commerce sector is experiencing robust growth and has become a critical component of the nation's digital economy. Vietnam is recognized as one of the fastest-growing countries globally, with retail e-commerce sales growing at an average rate of about 20% over the past decade. Amid the vigorous growth of the international e-commerce market, this sector's revenue is projected to reach USD 7.4 trillion by 2025. Given Vietnam's deep integration into the global economy and the opportunities presented by new-generation free trade agreements, the shift from traditional business to digital platforms is an effective strategy for enterprises to penetrate foreign markets and expand exports.

According to the Ministry of Industry and Trade (E-Commerce and Digital Economy Department), they are currently collaborating with provincial and municipal People's Committees and Departments of Industry and Trade to implement regional linkage activities in e-commerce development, enhance state management capacity in e-commerce for localities, support businesses in digital transformation, and promote products on e-commerce platforms.

The "Cross-Border E-Commerce 2024 - Elevating Vietnamese Products Globally" conference serves as an opportunity to launch the "Industry Linkage - Promoting Global Growth through Cross-Border E-Commerce" initiative, co-organized by the E-Commerce and Digital Economy Department and Amazon Global Selling. This initiative pioneers the connection of Vietnam's key export sectors, such as home and kitchen products, health and personal care, apparel, and beauty. The conference aims to help 1,500 Vietnamese businesses access and enhance their in-depth knowledge, capabilities, and efficiency in bringing Vietnamese products to the global consumer market.

Image source: The Ministry of Industry and Trade

Speaking at the conference, Mr. Gijae Seong, Managing Director of Amazon Global Selling, stated that Amazon Global Selling will continually strive to support and empower Vietnamese businesses to succeed globally, bringing Made-in-Vietnam products to the international market and fostering domestic economic growth through cross-border e-commerce. To shape the vision and roadmap for Vietnamese businesses to develop and exploit e-commerce export potential, the E-Commerce and Digital Economy Department, in collaboration with Amazon Global Selling, has devised a plan focusing on four key areas: nurturing cross-border e-commerce talent in Vietnam; promoting the cross-border e-commerce service ecosystem; connecting and strengthening local production capabilities; and promoting the Vietnamese brand globally.

As a service provider within the Cross-Border E-Commerce service ecosystem, LianLian Global is not just a comprehensive payment partner; we are committed to accompanying sellers on their cross-border e-commerce journey. Through close collaboration with Amazon Global Selling and the e-commerce ecosystem, we aim to provide solutions to customer challenges and enhance the professional knowledge of the cross-border e-commerce business community.

Source: Thuy Duong (Industry and Trade Magazine)

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Organized by: Amazon Global Selling

‍In collaboration with: Peregrine Management International, LianLian Global

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