eBay has found a niche in Vietnamese online market

[img_assist|nid=8165|title=|desc=|link=none|align=left|width=100|height=42]Online auction, eBay, feels constrained in its present frames and have turned to Asia. It became known that the representatives of the world marketplace have partnered with a Vietnamese company, PeaceSoft Solution, in order to make the virtual economy grow faster.

According to the terms of the agreement concluded on July 17th, a Vietnamese online trading forum – www.chodientu.vn will get a trading name of eBay and will get connected into a network of other websites of the auction throughout the Internet. This new website will allow local individuals and organizations to run their business and to conduct online transactions both home and abroad.

This new contract will be mutually beneficial. At the moment Vietnamese e-commerce is growing but not as fast as in other Asian countries, so the partnership with American online giant will accelerate the growth and take the Internet part of Vietnam to a higher level.

As for eBay, citing the words of Vice President, Dan Neary, responsible for emerging markets, Vietnam is a strong, growing online market with a huge potential. This arrangement made Vietnam the 40th market in the world that has cut a deal with eBay.