After Tiki and Sendo complete their merger, the e-commerce market will be controlled by three big players – Tiki-Sendo, Lazada and Shopee.

The e-commerce market is expected to witness competition between Tiki-Sendo, Shopee and Lazada, after Tiki and Sendo join under the same roof, slated for this year.

Despite the impact of the COVID-19 pandemic, the retail market in Vietnam in the first quarter of this year still recorded positive results from e-commerce, online shopping and delivery services.

The e-commerce market is looking at two high-calibre developments with the merger of Tiki and Sendo and the entry of heavyweight competitor Facebook. 

Despite the impact of the COVID-19 pandemic, the retail market in Vietnam in the first quarter of this year still recorded positive results from e-commerce, online shopping and delivery services.

Just a few days ago, Tiki and Sendo struck a hundred-million dollar deal that could redraw the landscape of the entire e-commerce industry,

Overseas e-commerce companies Lazada and Shopee may lose their positions in Vietnam if they keep demonstrating limitations in protecting consumers from low-quality and fake goods.

Vietnam is aiming to have 55 percent of its population shopping online by 2025, with average consumer spending rising to 600 USD per year, according to a master plan on e-commerce development for 2021-2025.

The development of e-commerce together with delays to import and export activities due to disrupted logistics services has accelerated demand for ready-built factories and warehouses during the COVID-19 outbreak in Viet Nam.

The online food and grocery delivery segment has gained remarkable momentum after multiple platforms launched services for those stuck at home during social distancing.

The "money burning" race in the local e-commerce scene is not over yet, with all Big Four competitors scampering to gain a larger market share.

Three out of four of the largest e-commerce sites saw the numbers of visits decreasing in Q1, a time when experts predicted would see a boom as the COVID-19 epidemic reached its peak.

Dang Hoang Hai, head of Vietnam’s e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, talks about IT application in trade activities to link e-commerce with traditional commerce.

While COVID-19 dealt a blow to the retail market in the first quarter, e-commerce, online shopping, and delivery services emerged as clear beneficiaries.

Amid the negative coronavirus impact, local small and medium-sized enterprises are paying attention to digital solutions that utilise artificial intelligence technology to increase exports by connecting buyers globally via e-commerce channels.

Minister of Information and Communications Nguyen Manh Hung says that Covid-19 has brought great challenges, but that challenges are often associated with opportunities.

Lack of regulations on requiring goods invoices is causing the likes of Facebook and Shopee to become indirect culprits of suffusion of goods with unidentified origin, raising concerns on the piracy of genuine products.

Offline shops have become deserted as people are staying at home to prevent the spread of coronavirus. As a result, online shopping activities have become busier.

The Ministry of Industry and Trade has been cracking down on profiteers for selling face masks, hand sanitisers and other items for inflating prices due to the high demand caused by the ravaging COVID-19 epidemic.

As Vietnamese are now favoring ‘contactless purchases’ in Covid-19, online sales have increased rapidly.