In today's modern business world, B2B - Business-to-Business - is becoming an increasingly common model in Vietnam, especially for companies looking to scale up, establish long-term partnerships, and expand into international markets. But what exactly is B2B ? Where did it originate, and how is it applied ? This article will help you clearly understand the concept, origin, and practical applications of the B2B model - particularly for Small and Medium Enterprises (SMEs).
B2B refers to transactions where one business sells products or services to another business - not directly to consumers. This model is prevalent in industries such as manufacturing, exports, logistics, technology, and professional services.
The term “B2B” was first officially noted in a Gartner Group report in 1998, during the early boom of e-commerce, as companies began conducting transactions online. According to McKinsey & Company (2022), the global B2B market is five times larger than B2C, with rapid digital transformation - especially in industrial, import-export, and tech sectors.
In Vietnam, B2B initially grew popular in manufacturing and export - such as factories supplying raw materials to processing workshops. After the COVID-19 pandemic, this model expanded into services, cross-border e-commerce, and creative industries. Many SMEs also began realizing that B2B offers an efficient route to increase revenue, reduce retail dependency, and build more professional distribution channels.
A food supplier in Dong Nai provides ingredients to local supermarket chains and simultaneously contracts a logistics firm to export goods to Europe. Each step is a B2B transaction - reflecting the true essence of the model. Here are some common B2B forms today:
A factory owner selling frozen mushrooms to a restaurant chain - that’s B2B. If that same person opens a shop selling small mushroom packs to individual customers - that’s B2C. Both involve selling, but the differences are clear:
Some believe B2B is only for big corporations - but that’s no longer true in the digital age. Small businesses can absolutely adopt B2B with the right mindset and tools.
B2B is no longer a complex model reserved for large corporations. Today, any business - from a small workshop to a young service firm - can enter the B2B space if they understand the fundamentals, prepare well, and choose the right tools.
What matters is not how big your team is or how much capital you have, but whether you’re willing to try, to learn, and to start from the simplest connections. In the B2B world, landing just one business client can take you much further than countless retail transactions.
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