SMEs optimistic about export prospects
Entitled “Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific”, the research shows that 8 out of 10 small Vietnamese businesses (80%) have exported products to markets beyond the Asia-Pacific region, higher than the average level of 71% of the Asia-Pacific Economic Cooperation (APEC).
Approximately 57% of 4,543 surveyed senior executives of small-and medium-sized enterprises (SMEs) of Vietnam in nine Asia-Pacific markets believed that exports of their businesses will continue to grow in markets outside the Asia-Pacific region such as the US, India and Germany.
According to an independent report made by Harris Interactive, the strong development of the digital economy is one of important factors driving business growth of SMEs in the region.
In reality, some 73% of Vietnamese SMEs are optimistic about the benefits brought about by the digital economy. The rate is higher than that of the general businesses (roughly 57%). Nine out of ten Vietnamese SMEs are applying e-commerce, e-mobile and commercial social networks. 76% businesses hope that these channels will continue upward trend in the coming time.
The report also gave a brighter outlook in the not so distant future for the Vietnamese SMEs community, which have forecast their higher export turnover from outside the Asia Pacific region.
Related News
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Exploiting potential markets to increase coffee export space
11:40 | 01/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
Import and export turnover in major markets plunges
13:45 | 31/03/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
More News
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Need to effectively use tools to prevent exchange rate risks in import and export field
10:32 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export