Electronic commerce in Vietnam has grown significantly in recent times and is expecting its heyday in several years ahead, presenting fresh opportunities for online retailers.
The e-commerce market has taken off in Vietnam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported.
Ninja Van, Southeast Asia’s technology-enabled logistics company, has officially launched their operations in Vietnam.
Three giant e-commerce corporations, Alibaba, Tencent and JD.com of China, have arrived in Vietnam.
The Ministry of Industry and Trade has started an inspection at Lazada after receiving numerous complaints related to the quality of goods and services, focusing on the observance of the law on commerce and the protection of consumers’ interests.
Amazon is making its long-awaited foray into Vietnam’s e-commerce market in March, a move that could shake up the country’s entire online retail market.
Chinese online retailers are penetrating the Vietnamese market, putting pressure on domestically made products, analysts have warned.
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.
