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.
Vietnam needed to invest in the digital economy and seize the opportunities it provided to improve labour productivity.
Sellers hiking the prices of face masks and hand sanitiser on some e-commerce websites have been fined.
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.
Tiki is the only e-commerce platform to be among top brands in all three categories of YouGov in 2019: Top Advocacy, Top Index and Top Recommend.
Investment in Vietnam-based start-ups grew sharply in 2019, according to Singapore-headquartered venture capital firm Cento Ventures.
Vietnam’s startup ecosystem could develop strongly over the next five years with venture capital and government assistance, Eddie Thai, general partner of the venture capital firm 500 Startups Vietnam, said at a Startup Viet Summit held on December 2 in HCM City.
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.
Growing demand from e-commerce users is putting pressure on existing supply chains, facilities and warehouses.
Vietnam’s e-commerce platforms say both traffic and sales surged multiple times on Singles’ Day, a major promotional event, which fell on November 11.
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.
VOV.VN - Despite remarkable progress, the e-transaction market still fails to meet the demand of sustainable development. E-transactions need to become even more popular in anticipation of a digital economy.
Five Vietnamese e-commerce platforms were named among ten most visited sites in Southeast Asia in the first half of this year.
E-commerce platform Tiki’s losses have wiped out a total of VND506 billion ($22 million) gaming firm VNG had invested in it.
The Ministry of Finance is building a draft scheme on the management of e-commerce activities for imports and exports.
E-commerce firm Tiki has acquired ticketing startup Ticketbox to have a foot in Vietnam's entertainment industry as it seeks to attract more online shoppers.
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.