AFLEX Global expands business in Vietnam: E-Commerce, Technology transfer & Commercialization platform services officially launched

AFLEX Global launched a website (www.aflex.global) to provide extensive data research and analysis, E-Commerce and marketing services through Aflex Vietnam, a local subsidiary in Ho Chi Minh city. We also established an E-Commerce mall ‘Aflex Mall’ (www.aflexmall.com), simultaneously in Korea and Vietnam this November. Through this mall, we have been providing premium Korean products such as Jilgyungyi, Korea's No. 1 women Y-Zone care products.

The event to announce the beginning of our businesses in Vietnam, which was held as a ZOOM meeting, was attended by Lina (Le Hong Ngoc), CEO of AFLEX Vietnam, Ki-Jong Kim, CEO of ANYFIVE, a strategic partner in Korea, and Sang-mi Park, director of Jilgyungyi women Y-Zone care products in Korea.

Also, the event was attended by Geum-Ryong Lee, Chairman of Coglo.com in Korea, Young-il Son, Chairman of Korcham in Vietnam, Young-min Han, Chairman of Hello Vietnam magazine, CEO of Shark Market Jeong Seong-Won, Dr. Man-Hwan Kim of Korea Small and Medium Business Distribution Center, and Jeong Min-seung - the 1st Session Reporter of the Hankook Ilbo, who used to work as a correspondent in Vietnam, etc.

Combining AI and big data technologies with E-Commerce and digital marketing provides premium services that enable advanced analysis of new market trends and customer requirements. In particular, it gives a one-stop service for the entire production, distribution, sales cycle of technology products, healthcare, and cosmetic premium products.

In July 2020, AFLEX Global established AFLEX Vietnam in Ho Chi Minh City to secure big data connecting Korean and Vietnamese companies. We start to provide researching and analyzing services in the Vietnamese market.

LINA (Le Hong Ngoc), CEO of AFLEX Vietnam, said: “Vietnam expects their young talents to create competitive products and services in the global market through Korea’s core technology support and investment opportunities in the manufacturing and marketing market.

AFLEX Global also decided to establish a strategic partnership with ANYFIVE, Korea's No. 1 intellectual property rights integrated service market, to receive IP service solutions, AI and big data. Based on this technology, AFLEX Global provides domestic and foreign companies with various business opportunities such as business matching process between supply and demand companies, AI/extensive data market research analysis, consultation, and corporate technology evaluation.

In particular, AFLEX Vietnam is building a database and securing business information of about 100,000 Vietnamese companies.

AFLEX Global Director Hyun-sook Kim said: “Based on market analysis and networks in Vietnam, IP, and technology possessed by domestic universities will be actively utilized for technology commercialization and start-up activities in Vietnam from next year.”

With the Aflex mall launched on Nov 1st, 2021, we will start exporting and importing cosmetics and providing safe health care. Also, we plan to develop a marketing strategy in the Vietnamese market by discovering Korean premium products. With Aflex mall, we will expand our business in Hanoi, develop in Ho Chi Minh City. Next year, we plan to enter several Asian markets such as Singapore and China.

Development plan for Viet Nam's e-commerce in 2021-2025 period The national plan on e-commerce development in the 2021-2025 period is integrated with current Vietnamese strategies and policies on participating in the Fourth Industrial Revolution ...

Viet Nam e-commerce revenue grows 18 percent in 2020 E-commerce revenue in Viet Nam hit 11.8 billion USD in 2020, posting a growth rate of 18 percent.