Last updated: 17:37 - June 28, 2007
eBay dives head first into Vietnam http://www.nhandan.com.vn/english/business/280607/business_eb.htm
The world's largest e-market place, eBay, has expanded into Vietnam by launching a new interface in Vietnamese at www.eBay.vn on June 27. The launch will act as a catalyst for trading opportunities by supporting local business to conduct e-transactions as well as introducing Vietnamese products to customers worldwide, said Sam McDonagh, Director of eBay Southeast Asia.
The director said that due to a high rate of internet users, which accounts for 17% of the country's total population, together with its rapid economic development, the Vietnamese e-market is being forecast to generate revenues of over US $40 million per year.
This market is projected to grow at 40% every year, McDonagh said. According to experts, 38 markets have so far joined eBay, drawing more than 233 million users worldwide and posted a turnover of US $1.25 billion in the first quarter of this year, a year-on-year increase of 23%. (VNA)
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