Con Cung case: Two market-surveillance leaders violate regulations By Thanh Thom The façade of a Con Cung store – PHOTO: VNA HCMC – Two deputy heads of the Market Surveillance Agency under the Ministry of Industry and Trade are found to have violated regulations with unfounded claims involving the suspected irregularities at Con Cung (Beloved Kid), thus affecting the normal business activities of the retail store chain specializing in mother and baby products. On August 17, the ministry decided to establish a task force to review and evaluate the law enforcement efforts of the Market Surveillance Agency in inspecting Con Cung. The results were made available in a statement posted on the ministry’s website yesterday, October 4. According to the statement, the agency instructed 29 market surveillance divisions in various provinces and cities to inspect the business activities of Con Cung in line with prevailing regulations. Market-surveillance officials … [Read more...] about Con Cung case: Two market-surveillance leaders violate regulations
Ecommerce marketing
Amazon, Alibaba seek Vietnamese sellers
U.S.-owned Amazon last month collaborated with the Vietnam E-commerce Association (VECOM) to organize a workshop called Selling Globally on Amazon in Hanoi and Ho Chi Minh City. The events attracted over 2,000 people each. Since March Amazon has been partnering with VECOM to host a number of training courses and workshops for sellers. It has launched a website and an official Facebook fanpage in Vietnamese to connect with individuals and businesses who want to sell their products on its network. Park Joonmo, CEO of Amazon Global Selling Korea and Southeast Asia, said there is an increasing number of Vietnamese sellers on Amazon, including manufacturers, brand owners and startups. They have started selling globally through Amazon to reach millions of potential customers all over the world, he said in a statement. Around 200 Vietnamese businesses are selling on Amazon, according to the Ministry of Industry and Trade. Experts said this number could rise greatly since Vietnam is a major … [Read more...] about Amazon, Alibaba seek Vietnamese sellers
Amazon launches websites supporting Vietnamese ecommerce sellers
Amazon launches websites supporting Vietnamese ecommerce sellersBy Chi Thinh Speakers give advice on global ecommerce at the event “Selling Globally on Amazon,” held on September 27 in HCMC – PHOTO: CHI THINH HCMC – Amazon, a U.S.-based multinational ecommerce platform, has launched shopping websites in Vietnamese, enabling local shop owners to run their online businesses on the platform more easily, heard attendees at an event held on September 27 in HCMC. The event, titled “Selling Globally on Amazon,” was jointly held by the Vietnam Ecommerce Association and Amazon Global Selling, with the participation of 1,000 ecommerce operators and sellers. The two organizers reportedly joined forces for the first time to counsel the sellers on ecommerce solutions that work on amazon.com. At the event, Amazon introduced the website Amazon Global Selling, at services.amazon.vn, and an official Facebook fan page, both displayed in Vietnamese. The two … [Read more...] about Amazon launches websites supporting Vietnamese ecommerce sellers
Who dominates Vietnam’s online shopping market?
VietNamNet Bridge - The presence of Chinese e-commerce brands in Vietnam has raised concern that Chinese mobile payment apps and Chinese products will flood the Vietnamese market. Vietnam e-commerce is predicted to have value of $10 billion by 2022 Vietnam ecommerce, predicted to have value of $10 billion by 2022, is a gold mine for foreign investors. The presence of Chinese e-commerce brands in Vietnam has raised concern that Chinese mobile payment apps and Chinese products will flood the Vietnamese market. Alibaba was the first Chinese player present in Vietnam after taking over Lazada Southeast Asia in April 2016. It has appointed Zhang YiXing of China to the post of Lazada Vietnam’s CEO to replace the French CEO. RELATED NEWS Freight forwarding companies see opportunities in e-commerce E-commerce: the major battle is in their warehouses, delivery services Chi Nam … [Read more...] about Who dominates Vietnam’s online shopping market?
Thirty percent of Vietnam’s population to shop online by 2020
The Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade said fastest-growing retail e-commerce markets have seen in Vietnam for five recent years. The ecommerce markets grow gradually and stably at over 20 percent annually from $2.2 billion in 2013 to $6.2 billion in 2017. Economists forecast that e-commerce revenue will continue growing around 20 percent for the period 2018-2020 and it will reach $10 billion in 2020 accounting for 5 percent of the country’s retail and consumer service turnover. Thirty percent of online shoppers will spend nearly $350 each annually. Most online shoppers prefer cash on delivery (COD), the sale of goods by mail order where payment is made on delivery rather than in advance. This mode of payment increased from 74 percent in 2013 to 82 percent in 2017. Additionally, those buy things internet pay through banks. 54 percent of Vietnamese shoppers are satisfied with their online shopping experiences in 2017.By T.QUANG … [Read more...] about Thirty percent of Vietnam’s population to shop online by 2020
Online market Sendo ties up with DHL for local delivery
Representatives of Sendo and DHL eCommerce Vietnam share information about their partnership at a press conference in HCM City on September 15. — VNS Photo Viet Nam News HCM CITY — Sen Đỏ Technology JSC, the owner of e-commerce platform sendo.vn, on September 15 signed a deal with DHL eCommerce for fast delivery service around the country. This means sellers on Sendo can now access DHL’s domestic delivery network and deliver to their buyers on the same day or next day in HCM City, Hà Nội and other major hubs. Trần Hải Linh, CEO of Sendo, said: “Sendo aims to support over 300,000 individual vendors, micro entrepreneurs, and small businesses to sell their goods online and deliver them affordably throughout Việt Nam. “With our collaboration with DHL eCommerce, we will provide not only the sellers but also several million buyers on our platform with an international-quality delivery experience in Việt … [Read more...] about Online market Sendo ties up with DHL for local delivery
Lazada Vietnam launches online shopping platform LazMall
Lazada Vietnam launches online shopping platform LazMallBy Hung Le Nguyen Thanh Thuy, head of the sales department at Lazada Vietnam, introduces brands available on LazMall at a press conference during its launch – PHOTO: HUNG LE HCMC - Ecommerce firm Lazada Vietnam on September 4 rolled out its online shopping platform LazMall, pledging to provide 100% authentic goods from nearly 300 popular international and local brands, with a wide variety of product lines, ranging from technology, home appliances and groceries to fashion, beauty and mother and babycare items. Addressing the launch ceremony, Nguyen Thanh Thuy, head of the sales department at Lazada Vietnam, remarked that all products traded on LazMall are branded ones carefully selected by the ecommerce company. The firm is in negotiations with other popular brands to offer more exclusive incentives for LazMall shoppers in the coming period, Thuy noted, adding that the firm aims to build partnerships with … [Read more...] about Lazada Vietnam launches online shopping platform LazMall
Fake products on ecommerce platforms raise concerns
Fake products on ecommerce platforms raise concernsThe Saigon Times Daily A consumer is seen visiting an e-commerce platform. The sale of counterfeit products over e-commerce platforms raises concerns - PHOTO: THANH HOA HCMC - The sale of counterfeit products over ecommerce platforms at much lower prices than genuine goods seems to be becoming more complicated, reported news website Vietnamplus, citing participants at a conference on the tasks required of the market surveillance force in the remaining months of the year, held in Hanoi on August 2. Chu Xuan Kien, head of the Hanoi Market Surveillance Agency, said the sale of fake and low-quality products on ecommerce platforms will damage the confidence of consumers, and that most of the traders of counterfeit, smuggled and banned goods are students and graduates. They tend to store goods in different places, including their houses, making it difficult for the competent agencies to detect and address the violations. In … [Read more...] about Fake products on ecommerce platforms raise concerns
Taiwan displays ecommerce products in Vietnam
Taiwan displays ecommerce products in VietnamBy Hung Le Taiwan is eyeing the local ecommerce sector. In the file photo, visitors are seen at the Tiki Taiwan Pavilion at Taiwan Expo 2018 - PHOTO: HUNG LE HCMC - Taiwanese firms are eyeing the local ecommerce sector, with 29 suppliers introducing their ecommerce products at Taiwan Expo 2018, which kicked off on July 26 in HCMC’s District 7. The exhibition showcases the products and innovative ideas of 29 distributors who are members of Taiwanese ecommerce website, www.taiwantrade.com. Notably, the Tiki Taiwan Pavilion made its debut at the show by introducing over 190 items that were provided by 42 suppliers of Taiwantrade.com to local consumers. The pavillion is part of a new agreement struck between Tiki, a local leading ecommerce platform, and the Taiwan External Trade Development Council (TAITRA). The Taiwanese online store was put into service on the Tiki ecommerce website in mid-June this year. Felix H. … [Read more...] about Taiwan displays ecommerce products in Vietnam
Raging competition on e-commerce market promises to heat further up
A competitive marketAfter a long time of negotiations, JD.com, a large Chinese retailer, announced pouring VND1 trillion (US$44 million) in Tiki.vn to become the domestic firm’s largest shareholder.This amount may be turned to human resources training and optimising logistics to and from its warehouses as well as to conduct a study on promoting the Tikinow service, which is Tiki’s fastest click-to-delivery service. This is expected to bring Tiki.vn back to the e-commerce race in Vietnam.Although Tiki and JD have not announced the coming strategies yet, Tiki has just opened up its marketplace, and working hard to attract sellers to their platform as well as promote delivery within two hours of placing an order.Meanwhile, Shopee has been developing fast in Vietnam after the first year of operation. A report from iPrice Group, a market research company, announced that the shopping application of Shopee Vietnam has surpassed Lazada Vietnam in the third and fourth quarter of … [Read more...] about Raging competition on e-commerce market promises to heat further up