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PM urges Amazon to expand operations in Vietnam

Prime Minister Pham Minh Chinh urged online retail giant Amazon to further expand its operations in Vietnam while receiving Vice President of International Public Policy & Government Affairs at Amazon Susan Pointer.

PM Chinh affirmed that Vietnam always considers the US one of its top important partners. In the joint statement on the upgrade of Vietnam-US ties to a comprehensive strategic partnership and at a meeting between the Vietnamese PM and US President Joe Biden in September 2023, the two sides defined cooperation in sci-tech, digital transformation and innovation as one of the new breakthroughs in the bilateral relationship. 

PM Pham Minh Chinh, Amazon, expand operations in Vietnam, online retail giant, Vietnam-US ties,  comprehensive strategic partnership

Prime Minister Pham Minh Chinh and Vice President of International Public Policy & Government Affairs at Amazon Susan Pointer.

This serves as a significant platform and opportunity for businesses from both countries, including Amazon, to cooperate and invest for mutual development.

Vietnam is fostering the development of digital economy, digital citizens, digital society and digital government, including e-commerce, with the aim of increasing the digital economy's contribution to the country's GDP to 20% by 2025 and 30% by 2030, he said.

The PM proposed Amazon share its expertise with Vietnam in developing e-commerce, cross-border trade and cloud computing, assist the country in training the workforce in e-commerce, business management, logistics, system optimisation, and support small and medium-sized enterprises in digital transformation, branding, and joining in global supply chains.

As Vietnam will inaugurate the National Innovation Centre in the coming time, he suggested Amazon provide consultancy and collaborate on specific projects to improve the centre’s operations and help Vietnam fully tap its potential to achieve its goals in digital transformation and innovation.

With a population of 100 million who favour e-commerce, Amazon holds huge potential to develop its market in Vietnam, the government leader said.

On this occasion, he called on Amazon to push for the US Government’s early recognition of Vietnam's market economy status, saying that this would create more favorable conditions for enterprises from both countries to do business together.

Pointer, for her part, vowed to work closely with Vietnamese ministries, agencies and enterprises to enhance the effectiveness of cooperation between the two sides.

Speaking highly of the business environment, and investment opportunities in Vietnam, she said Amazon will engage deeper in the country's digital transformation process, develop e-commerce and cloud computing, raise awareness and provide skills training for the Vietnamese workforce, collaborate with Vietnamese enterprises to produce products and equipment, and bring more Vietnamese products and services to the world.

Pointer also pledged to help Vietnamese startups reach out to the world as suggested by the PM.

Number of Vietnamese sellers on Amazon up 80% over past year
The number of Vietnamese sellers on U.S. ecommerce platform Amazon has risen by 80% since September last year, with kitchenware being their best-selling item.
 
Amazon initiative helps boost cross-border e-commerce in Vietnam
The Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade and Amazon Global Selling Vietnam on June 8 launched a cross-border e-commerce initiative in the breakthrough era.
 
Vietnamese firms sell 7.2 million products on Amazon
Vietnamese small and medium-sized enterprises (SMEs) sold nearly 7.2 million products to Amazon customers around the world, average 14 products every minute, from September 1, 2020 to August 31, 2021, according to Amazon Global Selling.
 

Source: VNA

PM Pham Minh Chinh, Amazon, expand operations in Vietnam, online retail giant, Vietnam-US ties, comprehensive strategic partnership
 
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