eBay launches eBay.vn to trap Vietnam’s economic potential


US based online auction giant eBay has announced the launch of their promotional site in the Vietnamese language at eBay.vn.

eBay said that they are aiming to trap the growing Vietnam’s economic and trade potential through this new venture.

A high Internet using rate, stable and fast economic growth and the communist nation's membership of the World Trade Organisation were considered momentums for eBay to launch the site, said Sam McDonagh, Director for eBay Southeast Asia, in a statement.

He sais, “We believe the Vietnamese people and companies will recognize the tremendous potential eBay offers as the leading global online marketplace and we expect our user base here to continue to grow.”

eBay has been seeing activities on their site from Vietnam since 1998 and some of the popular areas of activities in Vietnam include collectibles, cameras and accessories as well as handicraft products.

As 17 percent of the 84 million population access online information, the Internet has become very popular in communist Vietnam, an emerging economy in South East Asia with a growth rate of nearly 8.2 percent last year.