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Shopee and Lazada have begun collecting fees from sellers, while Tiki has exempted fees for two years.
VietNamNet Bridge - As the laws set light sanctions on violators, e-commerce websites and sellers would rather pay fines than obey the law.
VietNamNet Bridge - Local newspapers noted six noteworthy events in e-commerce in 2018.
VietNamNet Bridge - Consumer confidence in e-commerce in Vietnam is lower than the average level globally, which explains the high percentage of cash payments and big losses of e-commerce firms.
Many e-commerce firms have had to leave and the market has been re-organized with only several big players. They continue their cutthroat competition to gain the upper hand over rivals.
The total accumulative loss of the four biggest players in the e-commerce market has reached VND4.5 trillion.
The 2018 Vietnam E-Business Index that was released by the Vietnam E-commerce Association (VECOM) showed an overall 25 percent growth rate in e-commerce. More than 4,000 businesses were surveyed.
Chinese online retailers are penetrating the Vietnamese market, putting pressure on domestically made products, analysts have warned.
VietNamNet Bridge - Privately run shop owners say the sales of red iPhone 7s have not been as high as expected, as consumers say the phone is expensive and the colors disappointing.
Xiaomi, the Chinese technology startup, and Digiworld, its partner in Vietnam, have declined to reveal how long they will cooperate, but sources said the contract they signed would last two years.
Cross-border e-commerce (CBE) is deleting traditional trade boundaries, and creating equal opportunities for distributors and retailers.
VietNamNet Bridge - Low profit margins and high operating costs are daunting problems for investors in the e-commerce sector.
The lack of customer confidence, payment solutions and information transparency all have prevented e-commerce from booming, with only 17 percent of the population buying online.
Online booking has been witnessing stable growth in Vietnam in the last few years.
VietNamNet Bridge - December 31, 2016 was the ‘first death anniversary’ of Deca, an e-commerce site. In 2016, Vietnam’s e-commerce witnessed the departure of another name – Lingo. Many stars in the market faded after a short time of burning bright.
VietNamNet Bridge - In a new business field like e-commerce, the competition in quality is important as it brings benefits to Vietnamese users.
VietNamNet Bridge - E-commerce revenue in Vietnam in 2017 is forecast to reach $2.08 billion as the market becomes more competitive.
VietNamNet Bridge - Vietnam has set the ambitious goal of achieving $10 billion in revenue from e-commerce by 2020. The figure was $4.07 billion in 2015.
Instead of opening e-commerce floors in the old way, some businesses have tried new solutions to develop online sales to avoid repeating the same mistakes made by their predecessors.
Lingo.vn, the Vietnamese e-commerce website which announced its ambitious plan to become No 1 in online sales, has shut down. Some others also have stopped their operation and many others are not doing that well.