Alibaba ties up with Fado

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Small and medium-sized enterprises in Viet Nam can export their products all over the world through the online market at http://alibaba.fado.vn.

The agreement signing ceremony between China’s Alibaba.com and Fado.vn was held in HCM City. — VNS Photo Hoang Nam

Small and medium-sized enterprises in Viet Nam can export their products all over the world through the online market at http://alibaba.fado.vn.

“Cross-border e-commerce is the global trend now and it will give a chance to SMEs, which [usually] do not have professional staff or experience to export,” Nguyen Quang Huy, deputy head of the Ministry of Industry and Trade’s office in the south, told the agreement signing ceremony between China’s Alibaba.com and Fado.vn in HCM City on Thursday.

According to the Viet Nam E-Commerce Index, 32 per cent of domestic SMEs already established relations with foreign partners online. Through alibaba.com, Vietnamese enterprises can reach 260 million buyers all over the world. — VNS

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