After being in merger talks for nearly a year, Tiki and Sendo have finally reached an agreement to join forces to beat overseas e-commerce platforms Lazada and Shopee.
The e-commerce market in Ho Chi Minh City has developed significantly, with total online spending growth up by more than 12% annually since 2015, according to the municipal Department of Industry and Trade’s report on e-commerce development.
Online shopping in the first quarter of this year has dropped compared to the same period last year, according to a research by iPrice Group.
Investment in Vietnamese start-ups is growing sharply with millions of dollars pledged in 2019 and the first two months of 2020, according to Singaporean venture capital firm Cento Ventures.
Stores in Ho Chi Minh City have introduced a wide range of products for International Women’s Day (March 8) and are offering promotions to attract buyers.
E-commerce firms are having difficulties in keeping tabs on vendors flogging unauthenticated or downright fake goods to profiteer on the sky-high demand for face masks and hand sanitiser due to the coronavirus epidemic.
Vietnamese e-commerce platforms has forced the removal of thousands of medical supplies from online shops for selling at inflated prices, as part of efforts to keep the market stable during the COVID-19 outbreak.
Investment in Vietnam-based start-ups grew sharply in 2019, according to Singapore-headquartered venture capital firm Cento Ventures.
VOV.VN - The Department of E-Commerce and Digital Economy under the Ministry of Industry and Trade kicked off Online Friday 2019, the country’s largest online shopping event and launched the natioal booth on the e-commerce floor in Ho Chi Minh City on December 2.
Sendo, Vietnam’s second-most visited online market place, has secured $61 million in the latest Series C funding round.
Online buyers in Vietnam are increasingly impatient, driving the war on delivery speed.
The year-end online shopping frenzy has kicked off with giant local and foreign players like Lazada, Tiki, Sendo, and Shopee rolling out promotions since the middle of last month.
Despite non-stop spending, Lazada remains overwhelmed by local platforms Sendo and Mobile World, in addition to other players Shopee and Tiki.
Five Vietnamese e-commerce platforms were named among ten most visited sites in Southeast Asia in the first half of this year.
The Ministry of Finance is building a draft scheme on the management of e-commerce activities for imports and exports.
As service platforms now have a large number of users, online marketplaces have begun thinking of removing the payment fee exemption to ease losses.
As the laws set light sanctions on violators, e-commerce websites and sellers would rather pay fines than obey the law.
Vietnam is among the most dynamic start-up hubs in the world and well-educated, young entrepreneurs are expected to improve the country’s position on the global start-up map.
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.
Ho Chi Minh City-based ecommerce portal Sendo.vn has raised US$51 million in a round of Series B funding from eight foreign investors, Sen Do Technology JSC (Sendo) said in a statement issued today, August 16, by PRNewswire.