SMEs promote integration through online identity

14:58 | 08/06/2015 Cooperation

(VEN) - The Vietnam Chamber of Commerce and Industry (VCCI), Verisign and the P.A Vietnam Co., Ltd jointly organized a seminar on market development opportunities in the face of challenges from new-generation trade agreements in Hai Phong on May 20, 2015 with the intention of helping small and medium-sized enterprises (SMEs) cope with new global economic impacts. The event attracted hundreds of local and neighboring corporate participants.

SMEs promote integration through online identity

Several bilateral and multilateral free trade agreements between Vietnam and other partners are likely to be signed this year. Therefore, Vietnam enterprises, especially SMEs, should enhance their competitiveness in international trade through online technologies such as e-commerce.
According to the Vietnam E-Commerce Association (VECOM), revenue from e-commerce transactions between businesses and customers in Vietnam reached US$2.97 billion last year. Speaking about the benefits of e-commerce, Nguyen Van Thoan, the Deputy Head of VECOM Training Department, said, “E-commerce is expected to become an important tool for SMEs to develop as it allows them to perform sales any time while effectively minimizing related costs and expanding the market. With strong online identity methods, local SMEs will be able to compete in the new business environment and become global companies, familiar to international partners and customers.”
“The selection of an appropriate domain name is the first step in building a successful online brand. With years of experience in the field of domain names, we see that the majority of enterprises are choosing .com domain names while building their online brands,” said Director of the Southern Branch of the P.A Vietnam Co., Ltd Nguyen Van Hoc.
Over the past 17 years, more than 117 million .com domain names have been registered worldwide, which proves to be an indispensable step for online traders. In addition, a survey by the Searchmetrics, Inc. indicates that about 75 percent of 100,000 domain names and 100 million online links that do not ended in .com have been orientated towards .com alternatives./.

By Nguyen Tan