Regarding business-to-business (B2B) and C2C e-commerce models in Vietnam, without the participation of Amazon, the top three e-commerce platforms are Facebook, Shopee and Lazada. The three companies make up 60% of total market value. The rest belongs to Sen Do, Tiki, Vat gia, En Bac, Cho Tot, Zalora, Adayroi and Foody. According to experts, Vietnamese e-commerce trading floors are gradually becoming a playground for global corporations. Billionaire Jack Ma has invested US$4 billion in Lazada. Garena (now called Sea), Shopee’s holding company, is also generous in spending money in key markets of Singapore, Malaysia, Indonesia, Thailand, Philippines, Taiwan and Vietnam. China’s largest retailer, JD.com, poured US$44 million into Tiki at the beginning of this year, following VNG, and has become a large shareholder in the firm. The proportion of foreign investment into Tiki has reached more than 40%, reported Dau Tu (Investment) Newspaper. Online trading platform Sen Do … [Read more...] about Foreign players eye Vietnam e-commerce
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Foreign players eye VN e-commerce
The top three e-commerce platforms in Việt Nam are Facebook, Shopee and Lazada. — VNS PhotoViet Nam News HÀ NỘI — The consumer-to-consumer (C2C) market in Việt Nam will become a space for global tycoons following many recent investment deals with Vietnamese enterprises. Regarding business-to-business (B2B) and C2C e-commerce models in Việt Nam, without the participation of Amazon, the top three e-commerce platforms are Facebook, Shopee and Lazada. The three companies make up 60 per cent of total market value. The rest belongs to Sen Đỏ, Tiki, Vật giá, Én Bạc, Chợ Tốt, Zalora, Adayroi and Foody. According to experts, Vietnamese e-commerce trading floors are gradually becoming a playground for global corporations. Billionaire Jack Ma has invested US$4 billion in Lazada. Garena (now called Sea), Shopee’s holding company, is also generous in spending money in key markets of Singapore, Malaysia, … [Read more...] about Foreign players eye VN e-commerce
E-commerce helps SMEs boost online exports
VietNamNet Bridge - Vietnamese SMEs are using e-commerce to export products at reasonable costs. E-commerce helps SMEs boost exports After a month of exchanging information via Alibaba, Vegetexco 1 has exported a consignment of cucumbers to a client in Estonia. Since becoming a Gold Supplier member on Alibaba, the enterprise has received daily letters from potential clients asking about products. In the past, enterprises had to take 19 steps which cost time and money to export products. Therefore, only large enterprises could export, but things are different now thanks to e-commerce. In the past, enterprises had to take 19 steps which cost time and money to export products. Therefore, only large enterprises could export, but things are different now thanks to e-commerce. RELATED NEWS Plastics, e-commerce, power, steel sectors receive Chinese capital flow Freight forwarding companies see opportunities in e-commerce Nam Lich … [Read more...] about E-commerce helps SMEs boost online exports
E-commerce key for farm exporters
Dragon fruit is processed at Cat Tuong Agriculture Processing and Production Company Limited in Tien Giang Province. — VNA/VNS Photo Minh Tri Vietnamese enterprises should take advantage of e-commerce development to boost exports of farm produce to China, experts said at a meeting on Sunday in HCM City. Wen Xi Chen, economic counselor at the Chinese Consulate General in the city, said Vietnamese enterprises should cooperate with well-known Chinese e-commerce enterprises to open online stores of high-quality farm produce for export to China. While e-commerce has narrowed the production and consumption gap, and extended consumer markets, traditional sale channels have not updated market information regularly, he said. To develop e-commerce for agricultural products, logistics service, traceability and human resources should ensure product quality, he added. Nguyen Hoang Anh, member of the Advisory Council for Reform, who is also vice president of the Digital Agriculture … [Read more...] about E-commerce key for farm exporters
Online booking firm Vntrip.vn repeats story of e commerce startups
Similar to startup enterprises, domestic online booking application Vntrip.vn, despite suffering huge losses in the past two years, has been receiving a large number of investments. Vntrip.vn has repeatedly received investment from foreign investors. Source: zing.vn In the past two years, Vntrip.vn recorded accumulated losses of VND100 million ($4,424), while its charter capital as of the end of 2017 was VND137 million ($6,061). However, this may not be important as the firm has been constantly receiving foreign investment. The booking application has just announced successfully calling for investment from Swiss-based real estate firm IHAG Holding. While the value of the investment was not disclosed, the Swiss investor assessed the firm’s value at $44.2 million. Previously, Vntrip.vn also received investment from two foreign investors. Accordingly, Hong Kong-based Hendale Capital poured $10 million into the domestic firm. In 2016, when the business was started, … [Read more...] about Online booking firm Vntrip.vn repeats story of e commerce startups