Illustrative photo (Photo: VNA)

Hanoi (VNA) - The first e-marketplace in the country since 2005, , is now the second largest e-commerce website in terms of sales revenue.

This fact has shown that local e-commerce players have a unique strategy and in-depth local understanding to counter foreign giants, despite having fewer funds, according to the 2015 e-Commerce report published this week by the Vietnam e-Commerce and Information Technology Agency (

This news has marked the comeback of the earliest e-marketplace in Vietnam since 2005, which has been silent in recent years. is owned by PeaceTech joint stock company, a subsidiary of the PeaceSoft-group joint venture with eBay and majority-controlled by Vietnamese veteran technopreneurs.-VNA