Under pressure from foreign goods on e-commerce sites, Vietnamese businesses should take advantage of their internal strengths to compete.
Ms. Uyen from Ho Chi Minh City is an example of a customer who has sought items from overseas online sites. She has recently turned to buying dresses and lipsticks from Chinese sellers on Shopee, an online shopping platform. Uyen said that fashion products from China are cheap, with diverse models, and the shipping cost is cheap.
“A dress in China is priced for around VND100,000, while Vietnamese products of the same kind are sold from VND200,000-VND300,000. A lipstick in China is priced a few ten-thousands dong. Products are very diverse in designs. Shipping fees from China to Vietnam are only about VND17,000, and down to just VND7,000 or even VND2,000 if the bonus code is used. Delivery fees from Hanoi to Saigon are sometimes up to VND40,000," Uyen explained.
Many Vietnamese customers are buying goods from China via e-commerce sites like Shopee, Lazada, and Tiki. Fashion products, cosmetics, phone accessories, home decorations, stationery, gardening tools and others, with diverse designs from foreign sellers, are ready to serve domestic needs.
Mat Nai (baby eyes), Gai Nhay (dancing girl), Hien Oanh, Ngoc Son Cuoc, Bao Duy, Bach Tuyet (Snow White), Buom Dai Ngan (jungle butterfly) and Hong Yen Thuy are some of the names given to mutant orchids. Some of them have sky-high prices.
Investors, from freelancers in Hanoi to sale officers in HCM City, have poured several million VND to several hundreds of million dong into Coolcat. About VND200 billion (nearly US$9 million) is likely to disappear.
Experts have repeatedly warned that Long Bien Bridge is in serious state and is going to collapse. Meanwhile, Hanoi is programming the development of a ‘creative city’. What should be done with Long Bien?
Governments around the world are trying to restrain the power of technology giants, which presents a great opportunity for Vietnam’s social networks to establish their foothold with their own characteristics.
It was very cold at that time. Commander Le Quang Dao in person brought bottles of warm ginger water to every unit of the frontier post. After that, he quietly walked along the railway to explore the terrain…
Land prices in the HCM City suburban district of Can Gio have been soaring following the news that Can Gio will become an inner city district, or a city in the future. The local authorities have prohibited civil servants from acting as land brokers.
The Tokyo Deli Restaurant on Nguy Nhu Kon Tum Street in Hanoi closed its doors two months ago for the Tet holiday, but it has now decided to never open again. The long Covid-19 pandemic has hit many restaurants hard.
“People cut up bombs or carry them while driving their motorbikes to sell them as scrap metal. So, we need to teach people to be afraid of unexploded bombs,” said Senior Lieutenant General Nguyen Chi Vinh.