The Vietnamese e-commerce market contains unexpected elements this year, including Tiki receiving investment from a Chinese partner, Shopee flying up, Lazada getting support from Alibaba, and Cho Tot announcing new ambitions.
Foreign e-commerce retailers are dominating Vietnamese firms through ad campaigns, delivery services and money collection services.
The Chinese JD Group has announced a plan to pour money into Tiki, a Vietnamese e-commerce website.
Lazada has become the top choice among online shoppers in Thailand, Malaysia, and Vietnam, according to the latest study by the Thailand-based iPrice, an e-commerce company.
On December 11-14, Lazada will hit the reset button for the annual sales season named “Online Revolution” following the previous successful mega sales dated on November 9-11 with 1.5 million products sold within three days.
Giant online shopping platform Lazada.vn said it would start its “online shopping revolution” on November 9.
Vietnam’s fast-moving consumer goods segment is gaining new momentum thanks to the expansion of modern retail and e-commerce.
Technology giants Alibaba and Tencent are trying to penetrate the Vietnamese e-payment market.
Eight out of the 10 most visited e-commerce sites in Vietnam are locally based, but number one spot goes to Lazada.
The competition between shopping websites has now switched focus from prices to rapid delivery.
Xiaomi mobile phones are now being sold in Vietnam via its partnership with local distributor Digiworld (DGW), which also will provide marketing and customer support.
A Google representative said that in the near future, Vietnam’s e-commerce performance will be ‘mobile only’.
VOV.VN - While online shopping is gaining traction in Vietnam the reluctance among large swaths of the population to pay for goods with credit cards online is prompting retailers and wholesalers to question its viability as a sales channel.
Credit cards are gaining popularity in Vietnam thanks to the rise of online shopping.
More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their business activities while ensuring cost savings.
On October 15, ecommerce service provider SmartOSC held the second Meet Magento event in Vietnam.
Instead of opening e-commerce floors in the old way, some businesses have tried new solutions to develop online sales to avoid repeating the same mistakes made by their predecessors.
Nine foreign funds have acquired more than 4.4 million shares, or a combined stake of around 3%, in one of Vietnam's biggest mobile retailers - The Gioi Di Dong (Mobile World Group).
Vietnamese e-commerce firms are excited rather than worried about the news that Alibaba has taken over Lazada.
The business-to-consumer (B2C) e-commerce sales in Vietnam reached US$4.07 billion last year, increasing 37% compared to that of the previous year.
