Prime Minister Nguyen Xuan Phuc receives billionaire Jack Ma

Welcoming billionaire Jack Ma to visit Vietnam, the Prime Minister hopes he will inspire Vietnamese youth as they are eagerly awaiting Jack Ma.

Prime Minister Nguyen Xuan Phuc received billionaire Jack Ma on the morning of November 6. Photo: VGP/Quang Hieu

On the morning of November 6, Prime Minister Nguyen Xuan Phuc received Mr. Jack Ma - Chairman of Chinese e-commerce group Alibaba.

Expressing his joy at meeting billionaire Jack Ma again, the Prime Minister said that Jack Ma's talent is not only the pride of China, but also the pride of Asia.

Government leaders hope that Jack Ma will inspire Vietnamese youth as they are eagerly awaiting him.

“I am really looking forward to coming to Vietnam this time,” billionaire Jack Ma expressed and thanked Prime Minister Nguyen Xuan Phuc, who despite being busy with APEC, took the time to welcome him. He said that this was his second time coming to Vietnam and the first time he came to Vietnam was also during APEC (2006).

Prime Minister Nguyen Xuan Phuc hopes billionaire Jack Ma will inspire Vietnamese youth. Photo: VGP/Quang Hieu

"I walked in Hanoi and saw Vietnamese youth full of vitality"

Billionaire Jack Ma acknowledged that over the past 10 years, Vietnam has developed very quickly. Since arriving in Hanoi the day before yesterday, he said he has walked on the streets of Hanoi and seen that Vietnamese youth are full of youthful vitality and have very interesting thoughts.

Jack Ma recalled that at the meeting with Prime Minister Nguyen Xuan Phuc in Davos (Switzerland) earlier this year, the Prime Minister asked him to share his startup experience with Vietnamese youth and this time, during his visit to Vietnam, he will discuss startups with students.

“During my two days in Hanoi, I felt that Vietnam has great potential to develop e-commerce and science and technology. I believe that only developing science and technology, the internet, and e-commerce can boost economic development,” billionaire Jack Ma said, expressing his interest in the decision that Prime Minister Nguyen Xuan Phuc signed on developing e-commerce in the 2016-2020 period with goals such as: 30% of the population participating in online shopping with an average online purchase value of 350 USD/person/year.

According to Alibaba Chairman, these are challenging goals that require policies to promote non-cash payment methods to achieve. This also helps reduce transaction costs for businesses and reduce corruption. In addition, with a large proportion of young people, in the next 5-10 years, Vietnam will face a major problem in job creation, and according to Jack Ma, the best solution is to develop e-commerce. Along with that, Vietnam needs to promote logistics, freight transport, reform the customs apparatus, trade inspection, promote the development of cross-border e-commerce and B2C (direct trade from businesses to consumers).

Alibaba wants to support Vietnam in developing e-commerce

Alibaba's Chairman affirmed that the Group wishes to support Vietnam in promoting the development of e-commerce and online payment methods, and said that during this visit to Vietnam, the Alibaba delegation will sign a cooperation agreement on e-commerce and science and technology with the Vietnamese side.

Welcoming Mr. Jack Ma's comments, Prime Minister Nguyen Xuan Phuc said that Albaba's presence in Vietnam is a positive sign for the development of Vietnam's e-commerce and assigned relevant ministries and branches to discuss and work with Alibaba to realize cooperation opportunities.

The Prime Minister asked Mr. Jack Ma to support the construction of a Vietnamese booth on Alibaba's e-commerce application; and to support training for small, medium and micro enterprises on the application of e-commerce models.

“Vietnam really wants Alibaba to help establish an ecosystem to help Vietnamese farmers and small and medium-sized traders export goods to the world,” the Prime Minister said, hoping that as an initiator and successful entrepreneur, Jack Ma will support Vietnam’s startup movement and invest in startup funds.

The Prime Minister highly appreciated Mr. Jack Ma's talk with Vietnamese students this afternoon to inspire the spirit and ambition of young Vietnamese people.

Thanking the Prime Minister for his trust, billionaire Jack Ma affirmed that he will study and discuss the implementation of the Prime Minister's ideas and suggestions such as setting up a Vietnamese booth on Alibaba's e-commerce application...

According to VNE