E-commerce and Alibaba.com in Vietnam - Part 2.wmv

As the world faces its worst economic crisis since the great depression, Vietnam's economy is facing unprecedented challenges, particularly in the areas of production and exports. The export turnover for the first five months of 2009 fell sharply compared to the same period last year, product categories such as rubber (-49%), crude oil (-44%), electric wire and cable (-41%) and pottery (-24%) are being hit hard. Only tea, rice, cassava and gemstones have seen positive growth rates (Source: Vietnam General Statistics Office). libaba.com has close to 100,000 members from Vietnam and saw its registered users jump by 140 percent in 2008 as more Vietnamese businesses turned to e-commerce to help them weather the economic storm. On June 1, 2009, OSB Investment and Technology Joint Stock Company (OSB) became Alibaba.com's first authorized reseller in Vietnam in order to help more Vietnamese exporters move their business online