Top 5 Vietnam e-commerce platforms’ 2023 revenue grows 53% to $9.46 bln

Top 5 Vietnam e-commerce platforms’ 2023 revenue grows 53% to $9.46 bln

Top five e-commerce platforms in Vietnam – Shopee, Lazada, Tiki, Sendo, and Tiktok Shop – recorded total revenues of VND232.1 trillion ($9.46 billion) in 2023, up 53.4% year-on-year.

Companies - Wed, January 17, 2024 | 3:38 pm

Major e-commerce platforms in Vietnam post 23% growth to $2.6 bln in Q3

Major e-commerce platforms in Vietnam post 23% growth to $2.6 bln in Q3

Five of the leading e-commerce platforms operating in Vietnam, namely Shopee, Tiktok Shop, Lazada, Tiki and Sendo, recorded a combined revenue of VND63.23 trillion ($2.58 billion) in the third quarter of this year, up 22.7% from Q2, according to a new report by local e-commerce analyst Metric.vn.

Companies - Tue, October 24, 2023 | 11:36 am

Vietnam’s green push sparks e-bike race

Vietnam’s green push sparks e-bike race

Vietnam is witnessing a fierce race among producers of electric bikes and e-scooters as the country gears up to go green and meet its 2050 carbon neutrality target.

Industries - Mon, July 24, 2023 | 11:25 pm

Tiktok Shop overtakes Lazada, becomes Vietnam’s second biggest e-commerce platform

Tiktok Shop overtakes Lazada, becomes Vietnam’s second biggest e-commerce platform

Tiktok Shop surpassed Lazada to become the second biggest e-commerce platform in Vietnam in the second quarter of 2023, after Shopee, according to local e-commerce analyst Metric.vn.

Companies - Thu, July 20, 2023 | 6:00 pm

Expanding foreign e-commerce firms outperform Vietnamese rivals

Expanding foreign e-commerce firms outperform Vietnamese rivals

Foreign-invested firms in the Vietnamese e-commerce sector have taken control of the market, placing heavy pressure on their homegrown competitors.

Industries - Wed, July 19, 2023 | 2:51 pm

Shopee, Lazada dominate e-commerce in Vietnam

Shopee, Lazada dominate e-commerce in Vietnam

Shopee and Lazada have been named the top e-commerce platforms in Vietnam in terms of gross merchandise volume (GMV) and social media presence, according to reports.

Companies - Sat, June 17, 2023 | 4:11 pm

Vietnam's top e-commerce platforms record $1.66 bln revenue in Q1

Vietnam's top e-commerce platforms record $1.66 bln revenue in Q1

Vietnam’s leading e-commerce platforms Shopee, Lazada, Tiktok Shop, Tiki, and Sendo posted a total revenue of VND39 trillion ($1.66 billion) in the first quarter of 2023, up 21.8% year-on-year, according to local e-commerce analyzer Metric.vn.

Companies - Fri, June 9, 2023 | 8:38 am

Vietnam e-commerce market to grow 25% this year

Vietnam e-commerce market to grow 25% this year

Vietnam's e-commerce sector could grow by up to 25% this year to $20 billion, the Vietnam E-commerce Association (Vecom) said.

Companies - Wed, April 19, 2023 | 11:21 am

Vietnam e-commerce can reach $32 bln, shoppertainment $8 bln in 2025

Vietnam e-commerce can reach $32 bln, shoppertainment $8 bln in 2025

The e-commerce market in Vietnam can reach $32 billion in 2025, while the shoppertainment section can grow to $8 billion, according to reports by Lazada and TikTok Shop, among the most popular e-commerce platforms in Vietnam.

Economy - Sun, March 26, 2023 | 7:43 am

Vietnam spends $79 mln on e-commerce sites buying toys in 2022

Vietnam spends $79 mln on e-commerce sites buying toys in 2022

Vietnamese people spent VND1,860 billion ($79 million) last year on buying 24.97 million kids toys on Shopee, Lazada, Tiki, and Sendo, the most popular e-commerce sites in the country, according to a report of Metric, a local e-commerce analyzer.

Companies - Wed, February 8, 2023 | 8:09 am

Tiki sees fiscal year 2022 net loss exceed $116 mln

Tiki sees fiscal year 2022 net loss exceed $116 mln

Vietnam’s largest homegrown e-commerce site Tiki has reported a net loss of $116.25 million in the fiscal year that finished on March 31, 2022.

Companies - Tue, January 17, 2023 | 4:02 pm

Shopee leads fashion sales on e-commerce platforms in 2022

Shopee leads fashion sales on e-commerce platforms in 2022

The revenue of fashion products on e-commerce platforms in Vietnam reached VND20.87 trillion ($888 million) in 2022, up 47.8% year-on-year, of which Singapore-headquartered Shopee accounted for 87.47%.

Companies - Tue, January 3, 2023 | 3:44 pm

Shopee, Lazada, Tiki, Sendo named leading e-commerce platforms in 2022

Shopee, Lazada, Tiki, Sendo named leading e-commerce platforms in 2022

Shopee, Lazada, Tiki, and Sendo were the leading e-commerce platforms in Vietnam this year in terms of revenue, according to a report by Metric, a local e-commerce analyzer.

Companies - Tue, December 27, 2022 | 11:16 am

Shopee, Tiki, Lazada to not pay taxes on behalf of sellers

Shopee, Tiki, Lazada to not pay taxes on behalf of sellers

E-commerce platforms like Shopee, Tiki, and Lazada must provide information on seller revenue to tax authorities instead of paying taxes on their behalf as previously proposed.

Economy - Wed, November 2, 2022 | 4:52 pm