e-commerce

Update news e-commerce

The new order in Vietnam’s e-commerce market

VietNamNet Bridge - E-commerce revenue in Vietnam in 2017 is forecast to reach $2.08 billion as the market becomes more competitive. 

COD payment method hurts retailers, shippers

VietNamNet Bridge - Vietnamese customers will often order 10 or more products online, but then only pay for one item because of a late change they make to their order.  

Is the e-wallet market large enough for 16 big players?

VietNamNet Bridge - Many e-wallet systems were started for the primary reason to create an ecosystem for e-commerce, but their owners fear they may not make money from the service.

Poor logistics services hamper e-commerce development

VietNamNet Bridge - Experts believe that the high cost of logistics services is slowing down the growth of online shopping.

Can Amazon succeed in Vietnam?

VietNamNet Bridge - No one doubts the power of e-commerce giants like Amazon, but many local analysts believe the company cannot succeed in the Vietnamese market.

Saigonese, Hanoians prefer buying goods online via Facebook

VietNamNet Bridge - Fashion products are the most easily sold online items in Vietnam, followed by high-tech products and mobile phones.

Investors still lust for e-commerce profits

VietNamNet Bridge - Vietnam has set the ambitious goal of achieving $10 billion in revenue from e-commerce by 2020. The figure was $4.07 billion in 2015.

Amazon, Alibaba face competition from Facebook goods sellers

VietNamNet Bridge - Representatives of freight and forwarding firms attending a recent workshop held by Vecom all expressed concern about the invasion of foreign e-commerce giants such as Alibaba and Amazon. 

Vietnam designs US-style commodity exchanges

VietNamNet Bridge - Vietnam has decided to resume its commodity exchange plan, which it had tried to build five years ago, but could not implement well.

Struggling to survive in an online world

 Instead of opening e-commerce floors in the old way, some businesses have tried new solutions to develop online sales to avoid repeating the same mistakes made by their predecessors.

Lingo.vn unexpectedly shuts down as investors pull out

VietNamNet Bridge - Foreign investor MAJ Invest has closed Lingo.vn, an e-commerce website, leaving 265 workers jobless. The owner has been criticized for disregarding the needs of Vietnamese workers.

E-commerce growth stumbles as some websites close

Lingo.vn, the Vietnamese e-commerce website which announced its ambitious plan to become No 1 in online sales, has shut down. Some others also have stopped their operation and many others are not doing that well.

Beyeu, Deca, Lingo close but Vietnam’s e-commerce still vibrant

VietNamNet Bridge - The failure of some e-commerce platforms does not reflect the true state of e-commerce, according to the Ministry of Industry and Trade’s E-commerce and Information Agency.

Service providers gear up for delivery market

The e-commerce delivery market has seen big changes in recent years with the presence of thousands of freelance shippers. 

More E-wallets available, but are they useful?

VietNamNet Bridge - With the strong development of e-commerce, more and more e-wallets are now available in Vietnam, but they are still not that useful.

New players in e-commerce market stir up competition

VietNamNet Bridge - What will happen if Central Group and Lotte Mart, the big retail chains, jump into the e-commerce market?

Thai, Chinese jump into e-commerce market, worrying Vietnamese rivals

VietNamNet Bridge - After Lazada and Zalora were taken over by big retailers, the competition in the e-commerce market became fierce. Vietnamese firms rushed to retain their market share.

E-commerce delivery market: patient players will win

VietNamNet Bridge - E-commerce delivery firms usually make no profits in the first two or three years of operation. Though they have to spend big money, their revenue is modest.

Delivery service: who is the fastest?

VietNamNet Bridge - It is estimated that 70-80 million packages need to be delivered in 2016, creating a market large enough for many players.

16 companies enter e-payment service market

VietNamNet Bridge - Investors can see great promise and high growth in the e-payment service market, though it now makes up only 5 percent of the total $4 billion worth of e-commerce.