Vietnamese firm lands first $1 mln order on Alibaba after 8-year struggle to export

By Lan Do
Fri, May 30, 2025 | 2:37 pm GMT+7

After five months of operating a virtual storefront on Alibaba’s B2B e-commerce platform, Sukavina Co., Ltd., a Binh Duong province-based manufacturer of metal tables, chairs, and beds, secured its first international order, marking a significant milestone in the company’s eight-year journey to global markets.

The story was shared during the "Outstanding Vietnam: Steady Breakthrough - Reaching the World" conference, held recently in Ho Chi Minh City.

At the event, Le Quoc Tuan, deputy director of sales and marketing at Sukavina Co., Ltd., recounted the company's long road to its first $1 million export deal via Alibaba.

At the 'Outstanding Vietnam: Steady Breakthrough - Reaching the World' conference in Ho Chi Minh City on May 28, 2025. Photo courtesy of the Investment and Trade Promotion Centre of HCMC (ITPC).

At the "Outstanding Vietnam: Steady Breakthrough - Reaching the World" conference in Ho Chi Minh City on May 28, 2025. Photo courtesy of the Investment and Trade Promotion Centre of HCMC (ITPC).

A slow start before digital expansion

Founded in 2017, Sukavina initially operated a 2,000-square-meter factory, serving only the domestic market. From 2017 to 2022, despite efforts, the company struggled to secure export orders.

In 2022, Sukavina expanded its production facility to 6,000 square meters and began exploring digital channels to reach global customers. The company invested in building its website and running advertising campaigns on Facebook and Google. However, the results were underwhelming.

“It often took six to nine months just to reach and evaluate potential customers. That made it extremely difficult to convert interest into actual sales,” Tuan explained.

Breakthrough on Alibaba

In 2024, Sukavina officially launched a storefront on Alibaba. Within just five months, the company secured its first international order. This success quickly opened doors to new markets, including Japan and India.

By mid-2025, the company finalized another contract, worth over $1 million, with a customer in India, a defining achievement in the company’s push toward international markets.

“We’re now working to expand into the Australian market. By the end of 2024, international sales accounted for over 40% of Sukavina’s total revenue, with major markets including the U.S., Canada, Japan, and India. We expect revenue from Japan and India to grow even faster in the near future, thanks to favorable tariffs,” added Tuan.

Four key lessons from the Alibaba experience

Drawing from their success, Tuan outlined four key takeaways for other Vietnamese companies looking to sell via Alibaba.

First is building a strong team. While Alibaba provides robust tools, success depends heavily on having skilled personnel. Companies need staff who understand global markets, can respond quickly, and are familiar with the business culture of target countries.

Second is customer prioritization. Businesses should develop a framework to classify and prioritize potential customers, focusing time and resources on the most promising leads.

Third are market-specific strategies. Tailor consulting and sales strategies are needed for each market. For example, Indian buyers typically prioritize competitive pricing and fast delivery.

Fourth is consistent booth management. It’s vital to actively manage and optimize the Alibaba storefront - maintaining high product ratings, visibility, and engagement metrics to boost traffic and improve conversion rates.

At the conference, Alibaba introduced a new initiative, the “Performance Guarantee Package,” designed to support small and medium-sized Vietnamese enterprises.

According to Young Liu, country director of Alibaba.com Vietnam, the package will help businesses better manage global market fluctuations and promote long-term, sustainable growth.

Comments (0)
  • Read More
Oman Investment Authority to expand investment fund in Vietnam

Oman Investment Authority to expand investment fund in Vietnam

Prime Minister Pham Minh Chinh has proposed Oman to enlarge the Vietnam-Oman Investment Fund (VOI) to $1 billion to better cater for the Southeast Asian country's investment needs.

Economy - Fri, May 30, 2025 | 11:26 pm GMT+7

Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta

Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta

Retail giant Aeon will develop a 2-hectare mall in the Mekong Delta province of Tien Giang, with an estimated investment of VND1.16 trillion ($44.6 million).

Industries - Fri, May 30, 2025 | 4:44 pm GMT+7

76% of Vietnamese survey respondents say trade uncertainty encourages them to explore new opportunities: HSBC

76% of Vietnamese survey respondents say trade uncertainty encourages them to explore new opportunities: HSBC

Vietnamese businesses have experienced exponentially higher cost increases than the global average and are expecting additional short-term costs due to trade uncertainty. But many survey respondents (76%) think trade uncertainty has encouraged their business to evolve and explore new opportunities, write HSBC analysts.

Consulting - Fri, May 30, 2025 | 2:41 pm GMT+7

AgriS partners with IFC: Optimizing environmental and social management system, accelerating net zero 2035 goal

AgriS partners with IFC: Optimizing environmental and social management system, accelerating net zero 2035 goal

TTC AgriS (Thanh Thanh Cong-Bien Hoa JSC or AgriS) and International Finance Corporation (IFC) - a member of the World Bank Group - has signed an MoU to strengthen sustainable development governance in alignment with global standards.

Companies - Fri, May 30, 2025 | 2:30 pm GMT+7

Vietnam's stock market attractively priced: Finnish fund PYN Elite

Vietnam's stock market attractively priced: Finnish fund PYN Elite

Vietnam’s stock market is attractively priced, with a price-to-sales (P/S) ratio of 1.3, said Petri Deryng, portfolio manager at Finnish investment fund PYN Elite.

Finance - Fri, May 30, 2025 | 2:09 pm GMT+7

S Korea's SK Group eyes 3 LNG power projects in Vietnam: chairman

S Korea's SK Group eyes 3 LNG power projects in Vietnam: chairman

SK Group, South Korea’s second-largest chaebol, is exploring several LNG-fueled power projects in Vietnam, including three proposed to be included in the country's green growth project portfolio, said chairman Tae-Won Chey.

Energy - Fri, May 30, 2025 | 1:37 pm GMT+7

Vietnam's Hoa Phat Group to become Southeast Asia’s first producer of steel rails for high-speed railways

Vietnam's Hoa Phat Group to become Southeast Asia’s first producer of steel rails for high-speed railways

Hoa Phat Group, a top steelmaker in Vietnam, on Thursday signed an agreement with Germany’s SMS Group under which the latter will provide the former technology and production lines for manufacturing steel rails and shaped steel, with an annual capacity of 700,000 tons.

Companies - Fri, May 30, 2025 | 11:48 am GMT+7

Vietnam's telco giant Viettel signs deal with France’s John Cockerill Defense

Vietnam's telco giant Viettel signs deal with France’s John Cockerill Defense

Viettel High Tech, the core military and civilian R&D arm of Vietnam’s military-run telecom giant Viettel, has signed a cooperation agreement with John Cockerill Defense, a leading weapon designer and manufacturer in France.

Companies - Thu, May 29, 2025 | 9:14 pm GMT+7

MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event

MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event

Vietnam's leading bank MB on Thursday introduced its latest digital technology solutions, notably the Biz MBBank digital financial platform, at the "Smart Digital Ecosystem in the New Era" event organized by the central bank.

Companies - Thu, May 29, 2025 | 8:02 pm GMT+7

Vietnam's auto distributor TMT to launch $3.8 mln charging station firm

Vietnam's auto distributor TMT to launch $3.8 mln charging station firm

Vietnamese auto distributor TMT Motors has announced the establishment of a charging station company with a charter capital of VND100 billion ($3.84 million).

Companies - Thu, May 29, 2025 | 4:45 pm GMT+7

US's Excelerate Energy affirms intention to turn Vietnam into LNG hub for ASEAN

US's Excelerate Energy affirms intention to turn Vietnam into LNG hub for ASEAN

Excelerate Energy wants to make Vietnam a center for LNG distribution to the ASEAN region, president and CEO Steven Kobos told Prime Minister Pham Minh Chinh at a meeting in Hanoi on Thursday.

Energy - Thu, May 29, 2025 | 4:33 pm GMT+7

Bourse shifts to heat up Vietnam's banking stocks

Bourse shifts to heat up Vietnam's banking stocks

Several Vietnamese banks are planning to move their shares from the Unlisted Public Companies Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE) this year, creating new momentum for banking stocks, long dubbed the “king” group.

Finance - Thu, May 29, 2025 | 2:48 pm GMT+7

Dairy giant TH Group proposes 5 projects in southern Vietnam

Dairy giant TH Group proposes 5 projects in southern Vietnam

TH Group, one of Vietnam’s leading dairy producers, has proposed five major projects in the southern province of Binh Phuoc, in the fields of industrial production and urban area, golf course and high-tech agricultural production zone developments.

Industries - Thu, May 29, 2025 | 12:02 pm GMT+7

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

The cybersecurity breach that major Vietnamese brokerage VNDirect Securities encountered in 2024 was "an unfortunate incident, but also a lucky chance", chairwoman Pham Minh Huong said on Wednesday.

Finance - Thu, May 29, 2025 | 9:48 am GMT+7

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam encourages smart and green seaport investments, as technical barriers related to CO2 emissions and CO2 taxes begin to be tightened up globally.

Infrastructure - Wed, May 28, 2025 | 10:07 pm GMT+7

New Zealand, Vietnam expand timber trade partnership

New Zealand, Vietnam expand timber trade partnership

New Zealand Forestry and Trade Minister Todd McClay on Tuesday unveiled a new bilateral agreement with Vietnam designed to boost timber exports and remove potential trade barriers in the two countries' forestry sectors.

Companies - Wed, May 28, 2025 | 8:53 pm GMT+7