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Update news e-commerce
VietNamNet Bridge - E-commerce revenue in Vietnam in 2017 is forecast to reach $2.08 billion as the market becomes more competitive.
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.
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.
VietNamNet Bridge - Experts believe that the high cost of logistics services is slowing down the growth of online shopping.
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.
VietNamNet Bridge - Fashion products are the most easily sold online items in Vietnam, followed by high-tech products and mobile phones.
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.
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.
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.
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.
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.
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.
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.
The e-commerce delivery market has seen big changes in recent years with the presence of thousands of freelance shippers.
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.
VietNamNet Bridge - What will happen if Central Group and Lotte Mart, the big retail chains, jump into the e-commerce market?
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.
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.
VietNamNet Bridge - It is estimated that 70-80 million packages need to be delivered in 2016, creating a market large enough for many players.
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.