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.
Online shops could be the major clients of the firms as they have diverse service requests.
VOV.VN - Lazada has failed to hold its crown as the most visited ecommerce platform nationwide amid increasing competition in the domestic market.
As service platforms now have a large number of users, online marketplaces have begun thinking of removing the payment fee exemption to ease losses.
Shopee and Lazada have begun collecting fees from sellers, while Tiki has exempted fees for two years.
As the laws set light sanctions on violators, e-commerce websites and sellers would rather pay fines than obey the law.
In tackling violations by e-commerce firms related to low-quality goods and fake discounts, the opening of dedicated shopping websites is set to become an inevitable trend in order to avoid negative impacts from conducting business on common e-commerce platforms, and reducing dependence on them.
Online Black Friday retailers failed to enthuse customers with usual discounts, while brick and mortar stores saw heavy traffic.
Renowned brands like Samsung, Oppo, LG, Jetstar, Vinamilk, Mattana, Canifa, and Uma, among others, will offer their products at a substantial discount during the fifth Online Friday scheduled for December 7.
The country’s shift towards a globalised economy will be driven by the strength of its workforce, according to company Michael Page Vietnam specialising in search for professionals at middle management to leadership levels.
The strong growth of the e-commerce sector has been turning Vietnam into a major magnet for investment in the capital-thirsty logistics industry.
Auchan Retail Vietnam and Lazada Vietnam, an Alibaba-owned online retailer, has recently signed a memorandum of understanding on strategic cooperation to allow customers to purchase French products online with rapid delivery through Lazada.
Mobile e-commerce proves is a spacious battlefield for apps, but the land for winners is small.
VOV.VN - The popularity of mobile e-commerce in Vietnam has seen its strongest yearly growth with the usage of e-payment systems increasing at an estimated rate of 22% per annum.
More money has been injected into the e-commerce market, while leading e-commerce firms have expanded.
Vietnam's e-commerce platforms keep rolling in losses and taking in massive amounts of capital in wait for the online retail market to take flight.
The second automatic sorting centre of Lazada E-Logistics Express (LEL Express) in Hanoi is expected to improve LEL Lazada's services. Vu Duc Thinh, director of LEL Express talked with VIR's Nguyen Huong about the new facility.
Lazada E-logistics Vietnam will officially open its automatic sorting centre in Hanoi on June 12 in a move to achieve sustainable growth and meet the boom in e-commerce.
Vietnam’s e-commerce websites are still receiving heavy investment to develop despite big losses, but when will these projects stop losing?
VOV.VN - The emergence of e-commerce websites such as Lazada, Tiki, Shopee, Sendo, and Adayroi has led to online shopping becoming popular among Vietnamese customers over recent years, in particular young customers who prefer buying and selling products on social networks like Facebook and Zalo.
