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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:
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: