Fado Vietnam inks deal with Alibaba to support domestic firms

15:30 | 30/03/2019 Vietnamese Brands Follow Ven.vn on

Cross-border e-commerce platform Fado Vietnam and its Chinese counterpart Alibaba signed a cooperation agreement on March 14 in Ho Chi Minh City to launch a new trading channel supporting Vietnamese firms, especially small- and medium- sized enterprises (SMEs).

Fado Vietnam inks deal with Alibaba to support domestic firms

At the signing ceremony - Source: congthuong.vn

Under the cooperation deal, Vietnamese firms will be able to promote their products at international markets through Alibaba via access to the website alibaba.fado.com.

General Director of Fado Vietnam Pham Dat said the collaboration will bring great values to Vietnamese SMEs, in the context that exports play an important role in the country’s economy.

In the coming time, Fado is hoped to support businesses to raise their online sales, as well as facilitate their trading activities worldwide.

Through alibaba.com, one of the world’s leading e-commerce websites, Vietnamese firms will have the chance to promote their goods to 260 million purchasing companies of 240 countries and territories.

According to the 2018 report on Vietnam’s e-commerce, up to 32 percent of Vietnamese SMEs have established cooperation deals with foreign partners through online platforms. By joining the B2B e-commerce platform, exporting firms will be able to access global consumers with lower costs of trade promotion activities.

Fado became Alibaba’s authorised partner in Vietnam since late 2018 to help Vietnamese firms introduce their products through the website, including the country’s staples in such sectors as footwear, handicraft, and industry.

VNA

See more news

Distribution commissions challenge manufacturers

06:00 | 19/05/2023 Vietnamese Brands

(VEN) - The Ministry of Industry and Trade has worked with distribution channels to address the problem of high commissions facing Vietnamese goods suppliers and businesses, said Do Thang Hai, Deputy Minister of Industry and Trade and Deputy Head of the Buy Vietnamese Goods campaign’s Central Steering Committee.

Vietjet to launch direct route connecting Da Lat with Busan

06:00 | 14/05/2023 Vietnamese Brands

Vietjet has announced that it will operate the first direct route connecting the resort city of Da Lat in the Central Highlands province of Lam Dong with Busan, the largest coastal city of the Republic of Korea, in July.

Hà Nội's agriculture sector strives to improve product branding

06:00 | 10/05/2023 Vietnamese Brands

The capital city has promoted brands for 40 key agricultural products. The city authorities have also promoted the One Commune One Product (OCOP) Programme, which prioritises the development of products in which Hà Nội has strength.

Viet Nam to embrace “green” in nation branding

06:00 | 07/05/2023 Vietnamese Brands

Establishing a strong nation brand is crucial for a country's progress, said experts at the Vietnam National Branding Forum 2023 organised by Vietrade in coordination with RMIT University.

Viettel gets four new patents from the US

06:00 | 03/05/2023 Companies

In the first four months of the year, Viettel was granted four new exclusive patents from the US Patent and Trademark Office (USPTO), bringing its total patent granted in the world’s most demanding market to 23.

Promoting the sale of Vietnamese goods

06:00 | 02/05/2023 Vietnamese Brands

(VEN) - The Buy Vietnamese Goods campaign has helped increase sales and boost the presence of Vietnamese goods in numerous distribution channels.

Vietnam Airlines to launch second direct route to India next month

06:00 | 30/04/2023 Vietnamese Brands

National flag carrier Vietnam Airlines will launch direct flights between Hanoi/Ho Chi Minh City and India’s commercial hub, Mumbai, from May 20.

Vietnam joins Seafood Expo Global in Spain

10:41 | 28/04/2023 Vietnamese Brands

Vietnamese seafood were introduced at the Seafood Expo Global that was underway in Barcelona, Spain from April 25-27.

FPT opens software development centre in China's Nanning city

06:00 | 23/04/2023 Vietnamese Brands

Leading Vietnamese IT service provider FPT Software has opened a nearshore development centre in Nanning city of China’s Guangxi province to better serve the billion-people market, especially in the automotive industry.

VinFast to ship another 1,800 electric cars to North America

06:00 | 18/04/2023 Vietnamese Brands

The Vietnamese automaker VinFast has announced that it is preparing to export an additional 1,800 VF8 electric cars to the United States and Canada.

Latest Most Read

Cement industry suffers financial losses during Q1

09:54 | 02/06/2023 Industry

Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.

A memorable summer with fireworks and fun festivals in Đà Nẵng

09:41 | 02/06/2023 Tourism

The vibrant summer days in the coastal city of Đà Nẵng will begin with the return of DIFF 2023.

Top models to compete in national modeling reality TV show

09:30 | 02/06/2023 Lifestyle

Around 20 male and female models will compete for the title of the modeling-themed reality TV series Face Vietnam 2023.

Australian Prime Minister to pay official visit to Việt Nam

09:21 | 02/06/2023 Vietnam and other regions

The visit is made at the invitation of Prime Minister Phạm Minh Chính.

Huge potential for Việt Nam - Mozambique cooperation official

09:13 | 02/06/2023 Vietnam and other regions

Organised after nearly 10 years of interruption due to various reasons, especially the COVID-19 pandemic, the meeting holds great significance in the context of the bilateral cooperation between the two countries, which has spanned 48 years since the establishment of diplomatic relations in 1975.

Central bank eases credit crunch, boosts growth

06:00 | 22/05/2023 Finance-Banking

(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.

Vegetable, fruit exports: A sweet and sour challenge

06:00 | 20/05/2023 Vietnam and EU

(VEN) - Increasing world demand and the advantages of Vietnamese fruits and vegetables create vast potential for exports. However, stringent requirements of international market, especially regarding origin traceability and food safety, are confronting growers and exporters with majorThe 50th biggest fruit and vegetable exporter to the EU challenges.

New difficulties for textile, garment exports to Canada

06:00 | 21/05/2023 Vietnam and other regions

(VEN) - Canada will eliminate all remaining import duties on Vietnamese textile and garment products this year in accordance with the Pacific Rim trade deal, but the benefits could be offset by other challenges.

PM Chính discusses FDI, ODA and visas with PM Kishida

08:55 | 22/05/2023 Vietnam and other regions

The two leaders discussed specific measures to promote the extensive strategic partnership between the two countries to a new height as they held a talk on the sidelines of the expanded Summit of the Group of Seven (G7) in Hiroshima, Japan.

Enhancing Exports to China

06:00 | 23/05/2023 Foreign trade

(VEN) - Le Hoang Tai, Deputy Director of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE), said at a recent meeting with the media that despite Vietnam's geographic advantage, exports to China require greater efforts on the part of businesses in order to adapt to Chinese standards and achieve efficient outreach.

Multimedia

Video Longform Infographic Photo

a memorable summer with fireworks and fun festivals in da nang

A memorable summer with fireworks and fun festivals in Đà Nẵng

09:41 | 02/06/2023 Tourism

The vibrant summer days in the coastal city of Đà Nẵng will begin with the return of DIFF 2023.

Top models to compete in national modeling reality TV show

09:30 | 02/06/2023 Lifestyle

Around 20 male and female models will compete for the title of the modeling-themed reality TV series Face Vietnam 2023.

favourable visa policy urged to draw foreign tourists to viet nam

Favourable visa policy urged to draw foreign tourists to Việt Nam

06:00 | 01/06/2023 Tourism

Last year, Việt Nam welcomed more than 3.66 million foreign visitors or 73 per cent of the target.

viet nam received 46 million foreign visitors in first five months over half the years target

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target

14:38 | 30/05/2023 Tourism

Việt Nam sets sight on eight million foreign tourists this year, but the target was made before China officially announced its reopening in early February and reallowed sending group tours to Việt Nam in mid-March.

International festival provides platform to young musicians

06:00 | 30/05/2023 Lifestyle

Monsoon' festival, one of the most anticipated music events in Việt Nam, will be held in Hà Nội from October 14 to 22. The festival founder and director, Quốc Trung, discusses the festival's return after a three-year hiatus.

Policy

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects

10:06 | 25/05/2023 Policy

Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.

Specific mechanisms, policies needed to drive HCM City’s growth

06:02 | 20/05/2023 Policy

Ho Chi Minh City needs to be supported by specific mechanisms and policies that are strong enough to remove bottlenecks faced by the city and enable it to create breakthrough developments, experts said.

PM approves National Power Development Plan VIII

14:20 | 17/05/2023 Policy

Prime Minister Phạm Minh Chính has approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030.

Chip-based passports can be provided online, sent via post

07:00 | 13/05/2023 Policy

The Government’s National Public Service Portal has by now integrated services to facilitate people in issuing new and exchanging chip-based passports, and receiving them via post.

Industry & Trade

Cement industry suffers financial losses during Q1

09:54 | 02/06/2023 Industry

Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.

Việt Nam has major opportunities to engage in global Halal industry Deputy minister

06:00 | 31/05/2023 Industry

Deputy Minister of Foreign Affairs Phạm Quang Hiệu speaks to the media about strengthening international cooperation to develop the Halal industry in Việt Nam.

Cut on automobile registration fees to facilitate auto industry

14:33 | 30/05/2023 Industry

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.

Suitable solutions needed for each sector

06:00 | 30/05/2023 Industry

(VEN) - Most industrial production sectors are facing difficulties; therefore, experts say, suitable solutions for different sectors are needed in order to solve the problems.

Investment

FDI enterprises urge investment environment improvement

06:00 | 01/06/2023 FDI

(VEN) - At an April-22 in-person meeting between Prime Minister Pham Minh Chinh and foreign investors, business and association representatives suggested that Vietnam further improve its investment environment.

Vietnam's five-month FDI rises sharply nationwide

13:03 | 29/05/2023 FDI

The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.

Binh Phuoc’s potential introduced to Australian partners

10:13 | 26/05/2023 Investment

A seminar was held in Sydney on May 24 to introduce and popularise new investment opportunities in Binh Phuoc, a southern Vietnamese province of great potential, on the occasion of the 50th anniversary of Vietnam-Australia diplomatic ties.

Da Nang calls for investment in 10 logistics centre projects

14:57 | 23/05/2023 Investment

The People's Committee of central Da Nang City has announced a list of logistics projects calling for investment in the period until 2030.

Finance-Banking

Important: Multi-target monetary policies needed

06:00 | 02/06/2023 Finance-Banking

(VEN) - According to Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha, the SBV’s monetary policy management has never been as difficult as it is now due to the global economic changes, while the bank must not make any mistakes upon policy issuance and application.

Dozens of commercial banks cut savings interest rates

Fado Vietnam inks deal with Alibaba to support domestic firms

See also

See more news

Multimedia