Despite non-stop spending, Lazada remains overwhelmed by local platforms Sendo and Mobile World, in addition to other players Shopee and Tiki.
VOV.VN - Vietnam is regarded as one of the fastest growing e-commerce markets in Southeast Asia, said Dang Hoang Hai, Director of the E-commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade at a workshop in Hanoi on October 18.
Despite the robust development of e-commerce, traditional trade channels have maintained their domination in Vietnam as they satisfy shopping habits of local consumers.
Under the influence of the fourth industrial revolution, the local retail sector is changing quickly and following four main trends, heard attendees at a recent seminar in Hanoi.
Vietnam’s internet economy is booming, as it reaches for US$12 billion in 2019 on a 38% annualized growth rate since 2015, and projected to increase to US$43 billion by 2025.
Hai Duong should focus on developing telecom and IT infrastructure to serve the development of e-Government, e-commerce and digital economy, Minister of Information and Communications Nguyen Manh Hung said on October 1.
As online commerce has boomed, agencies fear that it will be difficult to prevent banned goods, goods restricted for import and export, and origin fraud.
Lotus, the newly launched ‘made in Vietnam’ social network, aims to focus on distributing content for press agencies and entertainment content producers.
E-commerce in Vietnam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues.
E-commerce platform Tiki’s losses have wiped out a total of VND506 billion ($22 million) gaming firm VNG had invested in it.
Fifty-five percent of Vietnamese online shoppers choose social networks over e-commerce platforms to buy fashion products, a new survey has found.
Vietnamese authorities are struggling to deal with online sales of fake and contraband products, with several tricks used to avoid detection.
E-commerce allows small- and medium-sized enterprises to close the gap between them and large enterprises thanks to the equal and flexible competitiveness of the digital business environment, said a local official of Ben Tre province.
Each e-commerce platform needs to spend millions of US dollars to gain a single per cent of market share from competitors, showing just how serious the competition is.
Tiki is pouring money into warehousing and Lazada is live-streaming videos on social media as competition intensifies in Vietnam’s e-commerce market.
Vietnam's military-run Viettel has launched ride-hailing service MyGo and e-commerce site Voso.vn after piloting them for two weeks.
Vietnam and Norway hold potential of trading goods via electronic platform, experts said at a seminar held by the Ho Chi Minh City chapter of Vietnam Chamber of Commerce and Industry (VCCI) and Trading Foe company on June 28.
VOV.VN - The Vietnam Tourism Association and Vietnam E-Commerce Association have announced that Online Tourism Day under the theme of ‘The inevitable trend of online tourism’ is scheduled for June 26 in Hanoi.
Many foreign giants have continuously invested in leading e-commerce sites in Vietnam even as they incur big losses as they continue to see the long-term potential of the country’s rapidly expanding online shopping sector.
Foreign capital is pouring into Vietnam's industrial real estate market through M&A activities, with the CPTPP to have a significant impact on this investment trend.