Foreign players eye Vietnam's e-commerce
The consumer-to-consumer (C2C) market in Vietnam will become a space for global tycoons following many recent investment deals with Vietnamese enterprises.
Categories
Media Center
The consumer-to-consumer (C2C) market in Vietnam will become a space for global tycoons following many recent investment deals with Vietnamese enterprises.
E-commerce and online shopping are forecast to become a key trend in the world, accounting for 25 percent of the global retail revenue, experts said, suggesting Vietnam promptly complete infrastructure system to boost the growth of trade.
Many foreign giants have invested in Vietnam’s leading e-commerce platforms even as they incur big losses, as they continue to see the long-term potential of the country’s rapidly expanding online shopping sector.
ASEAN and the RoK need to forge closer ties and cooperation in e-commerce as Chinese e-commerce giants are expanding their business in ASEAN through huge investments in companies, said Lee Hyuk, Secretary General of the ASEAN-Korea Centre.
Vietnam has surpassed Thailand and Malaysia to lead Southeast Asia in terms of e-commerce growth with an annual expansion of more than 30 percent, bringing big opportunities for logistics companies.
Logistics businesses are accelerating investment in technology to meet the rising demand for delivery of goods at home and abroad amid booming e-commerce, heard a workshop in Hanoi on April 10.
The e-commerce market has taken off in Vietnam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported.
The world’s leading e-commerce player, Amazon, is scoping out the Vietnamese market, hoping to benefit local consumers and enterprises.
E-commerce platforms are trying to emulate the famous Black Friday sale in the US with a massive advertising campaign announcing attractive discounts.
Giant online shopping platform Lazada.vn said it would start its “online shopping revolution” on November 9.
Online Friday, the biggest annual event for e-commerce businesses and consumers, will return on the first Friday of December this year with a series of huge discounts.
The People’s Committee of the Mekong delta city of Can Tho had a working session on April 18 with a delegation from Japan’s Transcosmos group on a plan to cooperate and invest in e-commerce.
The competition between shopping websites has now switched focus from prices to rapid delivery.
Lan Anh, an accountant living in District 3, HCM City, is over-worked as the Lunar Year draws to a close.
Nguyen Thanh Truc in District 1 has just paid her monthly electricity bills via internet banking.
As many as 18 banks and credit organisations agreed to implement a cashback policy to customers joining in Online Friday 2016 on December 2.
A festival on consumer products from the Republic of Korea (RoK) opened in Ho Chi Minh City on November 25.
More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their business activities while ensuring cost savings.
