Phl, Vietnam tie-up spurs tech growth
The Philippine delegation conducted a series of coaching and mentoring sessions with Vietnam’s ECommerce tycoon, Hai Dang Nguyen
Daily TribuneThe Philippine delegation conducted a series of coaching and mentoring sessions with Vietnam’s ECommerce tycoon, Hai Dang Nguyen
Financial technology firm E-commerce Thrive Asia-Philippines seeks a self-regulatory body that will ensure ethical business practices and lead in countering digital scams plaguing the industry — a move that will also prompt economic growth.
In a statement over the weekend, it announced its collaboration with CTO Network Vietnam, the largest financial technology and E-commerce organization in Vietnam, to implement its targets.
The agreement includes stringent checks and monitoring of each member's online business practices.
"The collective effort seeks to create a robust foundation for secure and ethical digital commerce while stimulating economic growth through technological advancements and cooperative initiatives," according to the company.
Ecom Thrive Asia-Philippines is a movement to empower the micro, small, and medium enterprises and the country's economy through digital commerce and continue education of its members and stakeholders on current technology and best practices.
There are around 30 million e-commerce users nationwide but only less than one percent are formally registered, while the rest are on underground operations.
According to ECom Thrive Founders Nani Razon, Raffy Canare and Charlie Gengos, all players need to take part in nation-building by registering their business with the government.
While this may be a challenge, at least adding companies will increase the number of companies who are willing to support the government.
8,000 members vs digital scam
Meanwhile, CTO Network Vietnam boasts an impressive membership base, with over 8,000 individual and corporate members.
Recognizing the need for industry-wide vigilance against digital scams, the two organizations have united to safeguard the interests of industry stakeholders.
In a recent six-day visit to Hanoi, the Philippine delegation conducted a series of coaching and mentoring sessions with Vietnam's ECommerce tycoon, Hai Dang Nguyen of SEA International and BB Capital Vietnam and Branding Guru and Philanthropist, Hung Vu of CES Talk.
President Ferdinand "Bongbong" Marcos Jr. had mentioned during his recent State of the Nation Address that a stronger E-Commerce industry will help propel economic growth.
He said a roadmap firmly in place ensures that the government will deliver a robust economy driven by active digitalization of both the commercial sector, the government and consumers.
