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
Marketing for ecommerce
Chinese firms explore Mekong Delta for rice trade
Chinese firms explore Mekong Delta for rice tradeBy Trung Chanh Farmers harvest their rice crop. Chinese firms have visited the Mekong Delta region to seek opportunities in the rice trade - PHOTO: TRUNG CHANH HCMC – A group of Chinese enterprises, led by the National Food Authority of China, is working with the business community in the Mekong Delta region, seeking opportunities in the rice trade. The cooperation is expected to push up Vietnamese rice exports to the Chinese market. Speaking at a meeting in Can Tho City on August 8, a representative of the group, Wang Zhi Xi, chairman of Guangdong-based Thai Luong Food Company in China, said the company specializes in food and that its products are sold in major supermarkets in Guangdong province. “The company’s sales may reach up to 800 tons per day and an average of 300,000 tons per year,” he said. Xi also expected to boost cooperation in the rice trade with Vietnamese firms due to the growing demand … [Read more...] about Chinese firms explore Mekong Delta for rice trade
Experts call for coordination in building platform economy policies
Experts call for coordination in building platform economy policies The Saigon Times Daily A woman is seen scanning a QR code for payment. Experts call for coordination in building platform economy policies – PHOTO: THANH HOA HCMC - Vietnam is still struggling with the building of policies and regulations governing the platform economy, the Government news website quoted economic experts as saying. Referencing well-known rental platforms HomeAway and Airbnb, Associate Professor Dr. Ngo Tri Long said that the two platforms, which have a respective presence in 190 and 119 countries, do not own, rent, manage or control any of the properties. They only provide information on the available rooms for rent, manage the payments, and charge 9-12% on every booking. In 2015, Airbnb had some 1,000 listings in Vietnam, which have now increased to more than 16,000 listings. According to Long, Airbnb has had a considerable impact on both short-term and long-term accommodation markets. … [Read more...] about Experts call for coordination in building platform economy policies
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
Tiki may suffer from losses for three more years
As startup enterprises are commonly suffering losses, with examples of firms running in the red for an entire decade, Tiki may have a long three years ahead. Tiki recorded accumulated losses of nearly $26.43 million over seven year (Photo: vnexpress.net) Repeated losses After seven years, Tiki has accumulated nearly VND600 billion ($26.43 million) in losses, including VND308 billion $13.56 million) in 2016 and VND284 billion ($12.5 billion) in 2017. Its revenue in 2016 reached VND62.4 billion ($2.74 million), up six times against 2015. However, the e-commerce platform took losses of nearly VND179 billion ($7.9 million) in the same year due to overly high sales expenses. Accordingly, sales expenses in 2016 were over VND222.5 billion ($9.8 million), tripling against 2015. In fact, Tiki JSC only reported revenue from services, as well as e-commerce trading recorded by its subsidiary Tiki Trading. In 2016, the subsidiary’s revenue hit VND817 billion ($36 million) with the … [Read more...] about Tiki may suffer from losses for three more years
Industry 4.0 to be game changer for UPS Vietnam
Daryl Tay talks about how Industry 4.0 will transform the logistics industry Industry 4.0 is now a clear trend in many economic sectors. What are its impacts on the logistics industry? How did UPS prepare for this and what opportunities do you expect in 2018? Logistics companies will need to be more technologically advanced than ever—this new industrial era will push the logistics industry to become much “smarter” and more adaptable. With Industry 4.0, logistics companies will need to take a closer look at how operations and infrastructure can be improved through technology and innovation. UPS was established in 1907. In over 110 years of operations, we have experienced industrial revolution through the second and third iterations—electrical power and computing—and seen firsthand the impact it had on not just our industry, but also those of our customers. While UPS was founded on engineering excellence, today we are more like a technology company with … [Read more...] about Industry 4.0 to be game changer for UPS Vietnam
Multi-channel shopping is vital for e-commerce growth
Multi-channel shopping is on the rise, becoming a vital factor which will help retail businesses expand sales channels, thereby increasing their reach to customers and enhancing the competitive edge given the online shopping boom in Viet Nam. The application of multi-channel shopping platforms is forecast to be the core focus of retail businesses, amplifying shopping experiences for customers. — Photo ecommerce-platforms.com Multi-channel shopping (sometimes referred to as ‘omnichannel shopping’) is the practice of offering customers a variety of platforms from which they are able to purchase products, both online and offline. E-commerce in Viet Nam is growing at a rapid pace, with the presence of many e-marketplaces such as Tiki, Lazada, Shopee and Adayroi, as well as the strong development of social networks including Facebook, Zalo, Instagram, muare.vn, and lamchame.vn. Utilising these platforms should be considered a vital factor in promoting products when more … [Read more...] about Multi-channel shopping is vital for e-commerce growth
E-commerce set for strong 2018
Viet Nam News HCM CITY — The e-commerce market has taken off in Việt Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported. Việt Nam is one of the world’s fastest growing e-commerce countries, according to Lại Việt Anh, deputy director of Việt Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade. “The country’s e-commerce is growing 35 per cent per year, 2.5 times faster than Japan,” Anh said. The number of Vietnamese businesses capable of taking advantage of the internet and technology has grown 2.1 times faster than those with less use of the internet. Small- and medium-sized enterprises (SMEs) that spend more than 30 per cent of their budget on technological innovation are growing nine times faster than those spending less than 10 per cent of their budget. Việt Nam’s … [Read more...] about E-commerce set for strong 2018
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