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Update news e-commerce
To dominate the cross-border e-commerce market, Amazon has set up a representative company in Vietnam, while Alibaba has organized a series of workshops.
Investment in fintechs has been increasing rapidly in Vietnam. Fintechs, once considered an arch enemy of banks, are cooperating closely with banks.
Online Friday 2019, the sixth of its kind, is scheduled to be held on December 6 under the theme "Super discount - Genuine goods", promising huge deals and hundreds of genuine products.
Vietnamese export companies are seeing their seafood products stuck on the way to China at Mong Cai border gate in Quang Ninh province.
E-commerce development is improving, but state management in this field is facing many difficulties because the legal framework cannot cover all e-commerce activities.
With a total market value of 4 billion USD back in 2015, e-commerce in Vietnam rose drastically to 7.8 billion USD in value in 2018, and is expected to continue on an upward trend.
Express delivery service providers have announced bigger investments in apps and technologies to give better experiences to customers.
The Internet boom, a young labor force and the strong development of e-commerce all help Vietnamese businesses access foreign markets, especially now that many next-generation FTAs have been signed.
Ewallets are still not reporting profits, though they have been making heavy investments in their businesses.
The multi-billion dollar capital flow which went to India and helped the country build decacorns (startups with value of over $10 billion) and unicorns (over $1 billion) in e-commerce, is now heading for Vietnam.
A workshop organized in HCM City, attracting representatives of 200 SMEs, in late September was held to help Vietnamese SMEs boost exports through transnational e-commerce, as well as help Vietnamese enterprises connect with Singaporean ones.
E-commerce firms are now gathering strength for more costly investments rather than focusing on ads and promotions.
Despite non-stop spending, Lazada remains overwhelmed by local platforms Sendo and Mobile World, in addition to other players Shopee and Tiki.
Fluctuations seen in third quarter, with Sendo recording remarkable growth, iPrice Group study reveals.
Alibaba’s plans to enter Vietnam are ringing alarm bells across e-commerce, but unless the Chinese giant can come out with something new to surprise competition, it could not set a firm niche in Vietnam just like Amazon.
Despite the robust development of e-commerce, traditional trade channels have maintained their domination in Vietnam as they satisfy shopping habits of local consumers.
The initial database has taken shape, but the two pioneering component projects of the Vietnamese Digital Knowledge System Plan still needs more information contribution from the community to develop.
Contactless payment is becoming trendy in Vietnam thanks to the growth of technology and the country’s young population.
Giants Amazon and Alibaba both have ambitious plans for the Vietnamese market.
E-commerce firms not only are spending big money to run marketing campaigns to lure more customers, but are also expanding their warehouse networks and logistics services.