The Hanoitimes - In the current context of globalization, businesses should actively apply e-commerce to achieve success, said Hoang Van Dung, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI).

Speaking at a conference o­n facilitating export to the US via e-commerce held in Hanoi o­n March 30, Mr Dung stressed that the application of technology, especially information technology, will help businesses save time and money deal with today’s fiercely competitive environment. It is necessary to apply e-commerce to make use of opportunities offered by economic integration, he added.

Mr Dung revealed that VCCI has consistently supported businesses to apply e-commerce import-export activities

Analyzing the benefits of e-commerce, Nguyen Duy Khiem, Head of the American Market Department under the Ministry of Industry and Trade, said that e-commerce helps producers and distributors access goods supply sources. Via e-commerce, businesses can cooperate and seek trade partners for themselves.

Timothy Leung, Director of the Alibaba.com group, said that e-commerce plays an important part in business operations today. Developed countries account for more than 90 percent of the world’s total e-commerce transaction value.

Like other developing countries, Vietnam has not yet met requirements for e-commerce in import-export activities. E-commerce is an effective channel for importers and exporters to penetrate a large playing field that enables millions of consumers to buy products everyday, he stated.