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Alibaba has pledged to double its investment in Vietnam

August 15, 2023 15:35 PM

On the afternoon of July 26, Alibaba media spokespeople stated that they will double their investment in emerging production hubs in many Vietnamese regions.

Alibaba has trust in Vietnam’s industrial prospects

Alibaba.com is a worldwide B2B e-commerce site with over 47 million shoppers who are businesses from over 190 countries looking for products in over 40 categories. In March 2023, the average number of shoppers in Vietnam climbed by 55% compared to the same time the previous year, and the number of items in Vietnam on this platform increased by 24% (Alibaba figures).

The growth of Alibaba’s activities in Vietnam will provide several chances for SMEs to reach the global market by using Alibaba’s global e-commerce capabilities. Hanh Sanh Production, Trading and Service Company, for example, is a Vietnamese electric fan manufacturing firm. Previously, Hanh Sanh firm only developed in the domestic market, but with Alibaba’s assistance, the company has extended its business and has gained access to the global market.

Agricultural items, garden products, cuisine, handmade furniture, fashion, building, architecture… are currently the most popular on Alibaba.

Previously, Alibaba invested an extra $845.44 million in Lazada (statistics showed by Singapore’s Accounting and Corporate Regulatory Authority (ACRA) to accelerate e-commerce development in Vietnam as well as worldwide.

Opportunities for Vietnamese businesses to become Alibaba partners

Alibaba plans to double its investment in growing manufacturing centers in several Vietnamese regions. This will present a fantastic opportunity for Vietnamese enterprises, but it will also need preparation and good use of this advantage.

GAW NP Industrial has invested in two ready-built warehouses and factories projects that bring many benefits to Vietnamese enterprises, GNP Nam Dinh Vu in Hai Phong and GNP Dong Van 3 in Ha Nam, in order to improve competitiveness by focusing on improving product quality, increasing production capacity, and optimizing operation and logistics processes.

Ideal location: Not only are GNP Nam Dinh Vu and GNP Dong Van 3 ready-built warehouses and factories located in significant industrial locations, but they are also right or near Alibaba’s developing production centers like Vietnam Bac Ninh, Da Nang, Hai Phong… This will benefit firms seeking to become Alibaba suppliers in terms of logistics and freight expenses.

Complete infrastructure: Gaw NP Industrial has invested in GNP Nam Dinh Vu and GNP Dong Van 3 with: 

  • Inner column-free design for the most efficient usage space.
  • Meet the EDGE for energy savings and long-term growth.
  • Floor load capability of up to 3 tons/m2, suspended ceiling load capacity of up to 20 kg/m2, hydraulic lifting floor load of 6 tons.
  • Modern fire prevention system with full amenities such as water spray, fire detector, smoke detector, fire hose…
  • There’s a complete ventilation door with a skylight above it.

Cost-savings: GNP Nam Dinh Vu and GNP Dong Van 3 ready-built warehouses and factories provide fair rental prices, good discounts, and flexible payment methods to assist enterprises in optimizing operational expenses and improving market competitiveness. Furthermore, industrial zones provide tax breaks to businesses:

  • With GNP Nam Dinh Vu ready-built factory and warehouse, businesses will be free from tax for the first 4 years, then reduced by 50% in the next 9 years.
  • With the GNP Dong Van 3 ready-built factory and warehouse, firms will be tax-free for the first 2 years, with a 50% reduction over the next 4 years.

Foreign firms in need of GNP Nam Dinh Vu and GNP Dong Van 3 ready-built factories and warehouses may call Hotline +84 789 75 77 88 for support.

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