The Ministry of Industry and Trade (MOIT) has said that the presence of Amazon in Vietnam will give opportunities to Vietnam’s businesses to reach the world market, but businesspeople are not so optimistic. 

 In the 4th quarter of 2018, the e-commerce market witnessed big changes as Tiki passed Lazada to occupy the second position on the local market and Vietnamese e-commerce firms were among the Top 10 Southeast Asia’s highest-traffic e-commerce sites.

VietNamNet Bridge - Traditional distribution chains are still dominating the technology product retail market, but they are feeling the heat from online sale channels.

VietNamNet Bridge - Local newspapers noted six noteworthy events in e-commerce in 2018.

VietNamNet Bridge - Following the boom of e-commerce, the number of apps allowing users to pay for services has increased dramatically.

VietNamNet Bridge - Businesses can now see great opportunities to sell products internationally via online retailers such as Amazon.com or Alibaba.com.

After 140 years of use, the US has decided to leave UPU (Universal Postal Union), saying that the benefits are insufficient. The withdrawal is expected to be a great opportunity for Vietnam’s shipping and delivery service.

VietNamNet Bridge - Consumer confidence in e-commerce in Vietnam is lower than the average level globally, which explains the high percentage of cash payments and big losses of e-commerce firms.

VietNamNet Bridge - In the cutthroat competition in the forwarding service market, the maximum delivery time  has been cut from several days to several hours, and now to 60 minutes. 

VietNamNet Bridge - Mobile e-commerce proves is a spacious battlefield for apps, but the land for winners is small.

VietNamNet Bridge - Many forwarding companies have opened recently, creating a cutthroat market.

VietNamNet Bridge - The presence of Chinese e-commerce brands in Vietnam has raised concern that Chinese mobile payment apps and Chinese products will flood the Vietnamese market.

Many e-commerce firms have had to leave and the market has been re-organized with only several big players. They continue their cutthroat competition to gain the upper hand over rivals.

VietNamNet Bridge - Vietnamese SMEs are using e-commerce to export products at reasonable costs.

The owners of Shopee, Lazada and Tiki, the best known e-commerce websites in Vietnam, all are foreigners. 

The total accumulative loss of the four biggest players in the e-commerce market has reached VND4.5 trillion. 

The major battle among e-commerce firms is quietly occurring in their warehouses.

 Vietnam has become an attractive destination for foreign firms and a potential market for digitalisation and electronic commerce, said Dato Lim Jock Hoi, Secretary General of the ASEAN.

VietNamNet Bridge - More money has been injected into the e-commerce market, while leading e-commerce firms have expanded.

VietNamNet Bridge - The predicted growth rate of 30-50 percent per annum for e-commerce is expected to strongly facilitate the development of the logistics industry.