Second-hand products becoming more popular in Vietnam

The consumption habits of Vietnamese people are changing after the COVID-19 pandemic, with many using second-hand products to save money and promote sustainability.
Second-hand products becoming more popular in Vietnam ảnh 1Illustrative image (Photo: VNA)
HCM City (VNS/VNA) - The consumption habits ofVietnamese people are changing after the COVID-19 pandemic, with manyusing second-hand products to save money andpromote sustainability.

In fact, this habit has been developed among Vietnamese people formany years with many markets selling second-hand products in big citiessuch as Hanoi, Hai Phong and HCM City. 

Second-hand clothing lovers all know the famous second-hand markets in Hanoisuch as Dong Tac or Hoang Hoa Tham, Ba Chieu and Nguyen Tri Phuongin HCM City. In Hai Phong, the familiar names for second-hand lovers are MeLinh, Hai Ba Trung and Cat Cut.

In recent times, especially after the COVID-19 pandemic, the habit of usingsecond-hand products has become more popular as people prefer a moresustainable lifestyle.

In addition to physical markets and shops selling second-hand products, manye-commerce platforms have put their feet in the market.

Cho Tot, part of Carousell Group, a multi-category platform forsecond-hand products in Greater Southeast Asia, reports having morethan 50 million visits per month.

A report from the group said that over the past decade, their users haveextended the life cycle of millions of items, including 76.8 million fashionitems; 33.9 million electronic products; 26.6 million hobby items and toys;11.1 million home items and furniture; and 10.6 million babies and kids items.

To further illustrate the impact, the amount of usedclothing could provide outfits for 70 per cent of the Vietnamesepopulation. Additionally, assuming all used electronics listed are iPhone Xs,the height when stacked together is the equivalent of over 10,000 Landmark 81buildings.

Hoang Thi Minh Ngoc, CGO of Cho Tot - Carousell in Vietnam, said:“Launched in Vietnam in 2013, Cho Tot is the leading re-commerceplatform in Vietnam with more than 10 million monthly users buying andselling in 60 categories. Every month, with more than 1 million used-items listedfor reselling, Cho Tot users help reduce hundreds of thousands of tonnesof CO2 released into the environment by limiting the exploitation of newproduction."

"To make second-hand shopping the first choice in Vietnam, Cho Tot hasbeen constantly striving to provide a convenient re-commerce shoppingexperience for Vietnamese and inspire them to actively buy and sell theirpre-loved items as a responsible lifestyle towards sustainable development.”

The three most popular categories to sell second-hand items areelectronics, home and furniture and motorcycles. Meanwhile, the top threemost popular second-hand categories to browse are motorcycles,electronics, home and furniture.

The all-time top three most searched keywords for second-hand items arespeaker, laptop and TV, the company said.

Explaining the trend, experts said that the consumers in Vietnam are nowyounger and have a concern about the environment and sustainable development.That’s why many of them prefer second-hand products.

In terms of fashion, the vintage trend hasbecome popular among young people so that many of themseek second-hand clothing to follow the trend.

Yen Nhi, an owner of a second-hand shop in HCM City, said that youngpeople prefer second-hand things more than new ones not because of thecheap price, but rather, they buy old things to avoid resourcewaste.

Catching the trend, many online sellers collect old products, including luxuryones, to livestream on social media and have attracted many consumers./.
VNA

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