Masan Group Corporation and a consortium, including Chinese e-commerce giant Alibaba Group and Baring Private Equity Asia, on May 18 announced the signing of definitive agreements for the acquisition of a 5.5% stake in The CrownX for a cash consideration of US$400 million.

With borders closed and travel restricted since early 2020, cross-border e-commerce has proved itself as a game changer, setting the scene for Vietnamese traders to climb up the global supply chain and reducing risk of disruption caused by an unprecedented crisis like COVID-19.

Vietnam posted solid export performance in the first quarter of 2021, and at such a growth speed, its export turnover is likely to hit US$600 billion for the whole year, experts have said.

Alibaba.com, the global business-to-business (B2B) e-commerce platform of Alibaba Group has organised an online summit to offer Vietnam 'The New Boom' products and services to accelerate Vietnamese SMEs in digitalisation.

VOV.VN - The Hai Duong Department of Agriculture and Rural Development are co-operating alongside the Vietnam Trade Promotion Agency in order to conduct procedures aimed at bringing Hai Duong lychees to four e-commerce platforms, including Alibaba. com, Voso.vn, Sendo.vn, and Lazada.vn.

VOV.VN - As many as 14 free trade agreements (FTAs) have come into force since the beginning of this year, a factor which has enabled the country to establish links with 52 partners, including leading trading partners.

Ways to facilitate Vietnam’s development of cross-border e-commerce were discussed at a workshop on exporting Vietnamese products to the world with Amazon on April 28 in Hanoi.

The Vietnam Grand Sale 2021 will take place nationwide from July 1 to 31, with discounts of up to 100%, heard a press conference in Hanoi on April 28.

Ho Chi Minh City aims to develop mobile commerce and expand e-commerce coverage in domestic markets until 2030, focusing on high quality platforms and co-operation between platforms and businesses.

Ho Chi Minh City is focusing on developing its infrastructure system serving e-commerce amid the rising trend in online shopping, according to the city’s Department of Industry and Trade.