Vietnam delivery major Viettel Post launches two-way cross-border e-commerce platform

Viettel Post, a subsidiary of tech giant Viettel, on Tuesday debuted Vietnam's first two-way cross-border wholesale e-commerce platform, VIPO Mall.

VIPO Mall is a comprehensive online wholesale platform that directly connects Vietnamese customers with international suppliers and vice versa, eliminating the need for intermediaries.

Designed with a user-friendly Vietnamese interface, VIPO Mall allows payments in Vietnamese dong, providing a convenient wholesale experience.

A standout feature of VIPO Mall is its integrated process that covers everything from searching and ordering to payment and shipping. Users can track order statuses in real-time, from placement to delivery, via the platform's app or website, ensuring transparent and efficient transaction management.

Leveraging the logistics strength of its parent company Viettel Post, VIPO Mall promises faster delivery times, three to seven days quicker than competing services - while reducing supply chain costs.

VIPO Mall is Vietnam's first cross-border wholesale e-commerce platform offering two-way connections. Users can access global product trends and purchase goods wholesale at competitive prices, the company said.

Simultaneously, high-quality Vietnamese products listed on VIPO Mall can reach millions of global customers through interconnected e-commerce platforms and Viettel Post’s extensive network.

Recently, Viettel Post has partnered with major companies from countries like South Korea, Thailand, Japan, and China to provide a diverse product range and keep up with international trends.

According to Viettel Post, VIPO Mall will deliver comprehensive e-commerce solutions and help Vietnamese manufacturers expand exports, especially in sectors where Vietnam excels, such as agriculture, forestry, fisheries, and handicrafts.

Supported by Viettel Post’s robust logistics infrastructure and advanced technology, VIPO Mall aims to boost cross-border trade while supporting Vietnam’s national digital transformation strategy, positioning the country as a rising player on the global e-commerce stage.

In other news, Viettel Post plans to begin operations at Lang Son Logistics Park on December 11. The 144-hectare facility, leased from Lang Son Transit JSC (with a total investment of VND3,300 billion or $130 million), will offer services such as customs clearance, warehousing, cold storage, container handling, cargo scanning, transportation, and parking.

Phase 1, covering 58 hectares, began construction in 2019 and is set for completion in December 2024. The initial capacity is projected at 336,000 trucks per year, 930 trucks per day, with plans to increase to 561,000 trucks per year by 2030.

SSI Research estimates that Lang Son Logistics Park could generate VND 3,000 billion ($118 million) annually, assuming average revenue of VND 6 million ($236) per TEU.

With a projected 30% market share and a 10% pre-tax profit margin, Viettel Post's annual revenue and pre-tax profit from this segment could reach VND900 billion ($35.4 million) and VND 90 billion ($3.54 million), respectively, equivalent to 10% of core revenue and 20% of pre-tax profit in 2023.