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Singapore is currently ASEAN's largest investor in Vietnam by capital. As of August 2022, bilateral trade turnover reached US$6.3 billion, up 16.8% over the same period in 2021.
The visit of the representatives from Singaporean businesses opens up new opportunities and contributes to reinforce cooperation between the two countries. The visit takes place as the two countries are looking toward the 50th anniversary of their diplomatic relationship and the 10th year of their strategic partnership in 2023.
The representatives visited Pushsale Vietnam Technology Company in the morning of October 17th. They were interested in learning how to operate online sales platforms in Vietnam and how to expand business in Vietnamese e-commerce market. Additionally, they were learning about building an online store website in Vietnam, how much it would cost annually,...
Mr. Do Thang, Founder of Pushsale, introduced a number of sales platforms deployed by the company, the most prominent of which is the MetaSale platform. This is a platform that helps connect businesses with sales associates. Salers don't need to invest in any product inventory, warehouse or storage space, and they do not handle the fulfillment process.
With a modern and trending model, MetaSale takes advantage of costs and creates opportunities for businesses to develop the market, as well as conditions to increase income for sales associates—who are civil servants, students, women on maternity leave, people taking care of children, and other target groups with flexible working time needs.
According to Mr. Thang, e-commerce is developing strongly in Vietnam and Southeast Asian countries, but businesses face information management challenges. Manual management methods are no longer effective, but technology solutions that integrate all effective sales solutions are needed.
In response to many questions from Singaporean businesses about e-commerce in Vietnam, Mr. Daniel Pham - Vice Chairman of IMCE Global - affirms that information connectivity will create many business connection opportunities between Vietnamese and Singaporean companies in the near future.
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Sharing business experiences in the Singapore market, Ms. Li Meiju, a representative of Imperium Group in Singapore, suggested the possibility of creating an open sales platform that connects all Singapore businesses that want to bring their products to the Vietnamese market in many areas, such as apparel, education and skills programs, food...
In the afternoon of the same day, the Singapore business representatives visited a sandwich chain named Tuhu Bread. Here, the participants learned about Vietnam's fast-food market and the opportunity to connect the Food & Beverage industry between the two countries.
Mr. Nguyen Chi Quy, CEO of Intel Media & Consulting, said: Singapore is a global logistics hub. The visit of the representatives from Singapore businesses specially focuses on the fields where Singapore has great strengths that can be utilized in Vietnamese martket, such as digital transformation.
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Businesses can join the Vietnamese SME community by clicking the link below to find business opportunities and strengthen exchanges and connections with other companies across the country. Group on Facebook: www.facebook.com/groups/congdongsmesvietnam The Vietnamese SME community is constantly promoting connectivity, trade promotion, and support for domestic enterprises to catch up with the trend of the global economy, at the same time sharing and openly discussing ideas and plans. There is knowledge, lessons, and experience in business among experts and many reputable business administrators. |
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