Alibaba to support Vietnamese SMEs, help create employment

Updated 2017-11-08 10:32:57 Global Times

Alibaba Group Holding said it will help nurture the e-commerce market in Vietnam to create jobs for young people in the country.

Alibaba Chairman and founder Jack Ma Yun told a forum in Hanoi, Vietnam's capital, on Monday that Alibaba will help Vietnam create an ecosystem to assist local small and medium-sized enterprises (SMEs), which is Alibaba's "strategy and vision," according to a press release the company sent to the Global Times on Tuesday.

Alibaba will help young people in Vietnam start businesses and find jobs through e-commerce, Ma told the forum.

Alibaba aims to ensure every SME in every country can use the Internet to achieve sales, payments and deliveries around the world.

Ma told more than 3,000 Vietnamese college students the same day at a meeting in Hanoi that "about 54 percent of the people in Vietnam have smartphones, but many of them use their phones to play online games. You should start to play the best online game - doing business online," said the press release.

Vietnam has 94 million people and 54 percent use the Internet, but only 4 million people shop online and more than 90 percent of transactions are made in cash, the document said.

Ma noted that Vietnam has not built up credit card, mobile payment and logistics systems, but these are opportunities for young people.

Ma said that Vietnam is expected to focus initially on the establishment of e-commerce infrastructure and support the growth of the sector.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 20 2018 16:07:05

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 20 2018 16:07:05

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 20 2018 16:07:05

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords