Citi, the largest pan-regional credit issuer, and Lazada Group, Southeast Asia’s leading e-commerce platform, have announced the launch of a new Lazada Citi credit card in Vietnam.
The year-end online shopping frenzy has kicked off with giant local and foreign players like Lazada, Tiki, Sendo, and Shopee rolling out promotions since the middle of last month.
E-commerce in Vietnam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues.
E-commerce allows small- and medium-sized enterprises to close the gap between them and large enterprises thanks to the equal and flexible competitiveness of the digital business environment, said a local official of Ben Tre province.
Amazon has established a subsidiary in Vietnam, head of Amazon Global Selling Vietnam Tran Xuan Thuy told media at the Vietnam Online Marketing Forum on August 14.
Information and technology (IT) firms will lead the country’s digital transformation in all sectors, said Phan Tam, Deputy Minister of Information and Communications (MIC).
E-commerce is developing rapidly in Vietnam but it needs a new push to reach rural areas and help small- and medium-sized enterprises (SMEs) reach customers, experts have said.
Nguyen Thi Kim Truyen from Ben Tre province’s Chau Thanh district, who has been making coconut oil for decades, has started selling her product online.
Shopee and Tiki maintained their positions as the two leading sites in terms of traffic in Vietnam’s e-commerce sector in the first quarter of this year.
A workshop held in Hanoi on April 18 to discuss the protection of consumers in e-commerce amidst the fact that fake goods and of intellectual property violations becoming more common.
The Government should impose strict punishments on the trade of counterfeit goods on e-commerce platforms, participants said at a conference held in Hanoi on April 18.
A “Ben Tre coconut village day” programme will run on e-commerce platform lazada.vn on April 25 to bring the Mekong Delta province’s coconut products to a wider community of online consumers.
Vietnam’s fast-growing e-commerce sector has posed a great challenge for the Government as many retailers are using loopholes in management regulations to trade counterfeit goods and cheat consumers, thus creating economic losses and shattering shoppers’ confidence in genuine e-commerce activities.
Vietnamese consumers’ preferences for locally-made confectionaries, jams, and cookies, among others, have been on the rise for the upcoming Tet (Lunar New Year) festivities.
A recent trade deal signed between Vietnam and Amazon Global Selling has enabled Vietnamese firms to access more than 300 million online buyers on Amazon ecommerce platform.