After Tiki and Sendo complete their merger, the e-commerce market will be controlled by three big players – Tiki-Sendo, Lazada and Shopee.

As Vietnamese are now favoring ‘contactless purchases’ in Covid-19, online sales have increased rapidly.

The E-commerce Index Report shows that Vietnam has over 500,000 small and medium enterprises (SMEs), but only 32 percent of businesses have joined global trade through digital channels.

Both online sale channels serve as effective tools for Vietnam’s businesses to sell their products to the world market.

Under its science and technology development strategy, Vietnam would have 5,000 science and technology firms by 2020, including 2,000 in HCMC.

They are spending big money on technology to manage business effectively and give clients the best experiences, and on marketing campaigns to lure more customers.

Some retail chains are seeking hundreds of workers as they plan to open more shops to scale up their business.

Shopee and Lazada have begun collecting fees from sellers, while Tiki has exempted fees for two years.

VietNamNet Bridge - Believing that Vietnam’s e-commerce will be controlled by foreign groups, analysts say Vietnamese firms still can find a viable space in the bustling market.

VietNamNet Bridge - E-commerce in the near future could be controlled globally by several powerful multinational groups, analysts say.

VietNamNet Bridge - Traditional distribution chains are still dominating the technology product retail market, but they are feeling the heat from online sale channels.

VietNamNet Bridge - Businesses can now see great opportunities to sell products internationally via online retailers such as Amazon.com or Alibaba.com.

VietNamNet Bridge - In the cutthroat competition in the forwarding service market, the maximum delivery time  has been cut from several days to several hours, and now to 60 minutes. 

VietNamNet Bridge - Since the beginning of the year, Amazon and Alibaba, the two largest e-commerce players from the US and China, have been busy seeking supply sources in Vietnam.

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.

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 major battle among e-commerce firms is quietly occurring in their warehouses.

VietNamNet Bridge - More money has been injected into the e-commerce market, while leading e-commerce firms have expanded.

VietNamNet Bridge - Finance technology solutions are growing rapidly in Asia Pacific. In Vietnam, all conditions are favorable to pave the way for the fintech market to boom.