Singapore e-commerce scams double in 2023
Singaporean authorities recorded 9,783 e-commerce scams in 2023, more than doubling the 4,762 cases reported in 2022, according to a report issued by the Ministry of Home Affairs on Wednesday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Police arrest four for cheating on Shopee e-commerce platform
Police in Vietnam’s northern province of Phu Tho have arrested and initiated legal proceedings against four people for appropriating assets from Shopee Company Limited, the operator of the Shopee e-commerce platform, which is the biggest of its kind in the country.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea, Germany-invested food courier Baemin to leave Vietnam after 4 years
Baemin Vietnam, a food courier jointly invested by South Korea’s Woowa Brothers and Germany’s Delivery Hero, will stop operating in Vietnam from December 8, the firm announced on Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Amazon committed to deeper engagement in Vietnam: executive
Seattle-headquartered Amazon will deepen its engagement in Vietnam in the fields of digital transformation, e-commerce and cloud computing, vice president of international public policy and government affairs at Amazon Susan Pointer has said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Logistics 'the goose that lays the golden egg' for Vietnam: Cushman & Wakefield
Rapidly growing e-commerce and increasing warehouse demand are major factors driving logistics development in Vietnam, making it "the goose that lays the golden egg" for the country, a Cushman & Wakefield report says.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
TikTok needs to correct violations in Vietnam: ministry
Short-form video hosting service TikTok needs to correct several violations it has committed in providing a transnational commercial platform in Vietnam, according to the Ministry of Information and Communications.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
China e-commerce platform Alibaba to double Vietnam investment
Alibaba.com, China’s major business-to-business (B2B) e-commerce platform founded by Jack Ma, plans to double its investment in Vietnam’s emerging production hubs and recruit hundreds of new staff.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
ZaloPay scores a national first with Shopify deal
ZaloPay has become the first e-wallet in Vietnam to participate in the payment system of the world's leading e-commerce platform Shopify.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
TikTok announces billion dollar investments in Southeast Asia to exploit e-commerce
TikTok said on Thursday it will invest billions of dollars in Southeast Asia over the next few years as it doubles down on the region amid intensifying global scrutiny over its data security.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's delivery market value to hit $4.9 bln by 2030: global research firm
Vietnam’s courier, express and parcel services market could exceed $4.9 billion in value by 2030, registering an annual growth rate of up to 23.8%, according to Research and Markets.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam logistics sector continues to charm investors
Investment in Vietnam’s logistics sector is on the rise as investors seek to make further inroads into the market of 100 million people with a fast-growing middle class, and cash in on the country's status as an emerging global production hub.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
NusaTrip extends services to Vietnam in regional expansion
Vietnam-based Nasdaq-listed Society Pass Incorporated’s online travel agency NusaTrip has opened a Ho Chi Minh City office, representing its third Southeast Asian office outside of Jakarta, following the opening of offices in Singapore and Manila earlier this year.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Facebook top popular social media, Zalo top messaging app in Vietnam
Facebook was the most popular social media platform in Vietnam, while Zalo, developed by local tech giant VNG Corporation, was the most used messaging app in the fourth quarter of 2022, according to Decision Lab.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Digital transformation race in medical sector
Businesses in the healthcare industry are rushing to promote digital transformation and develop e-commerce to shorten check-up and treatment waiting times.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese startups nab $855 mln in 2022: Nextrans
Startups in Vietnam secured 85 funding deals worth $855 million in 2022, according to South Korea's venture capital company Nextrans.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
An Phat plastics venture abroad with green vision
An Phat Holdings is known as a Vietnamese corporate pioneer not only for research and development of biodegradable materials and products but also riding the wave of cross-border e-commerce with a green vision.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
75% of Vietnam retailers expect recovery, growth in 2023: survey
Up to 74.5% of retailers expect recovery and growth in 2023, according to a survey conducted by Sapo, a leading provider of sales management platforms in Vietnam with over 150,000 customers.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms sell 10 mln products on Amazon in 12 months
Vietnamese businesses sold nearly 10 million products to Amazon customers worldwide between August 2021 and August 2022, according to Amazon Global Sales Vietnam’s annual SME Empowerment Report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam rice e-commerce platform trials begin
A trial run of a business-to-business (B2B) e-commerce platform for rice, rice products and byproducts in Vietnam commenced on Monday following the completion of a pre-feasibility study in June.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
SLP delivers first 2 hectares of warehouse in Long An
SLP, the Vietnam asset management unit of Singapore logistics infrastructure developer GLP, has delivered around 20,000 square meters of warehouse in SLP Park Xuyen A in Long An province to Vietnamese delivery company Giao Hang Nhanh.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tax administration on e-commerce strengthened for suppliers
The General Department of Taxation on November 14 issued a letter guiding owners of e-commerce trading platforms to provide updated company information from the start of 2023.
KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s e-commerce market value approaches $57 bln
The size of Vietnam’s e-commerce market could grow from $4 billion in 2015 to $57 billion in 2025 as Google forecast, says the Vietnam E-commerce Association (Vecom).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Logistics firm Toll Group to gather pace in Vietnam, India, Indonesia with big bucks
Singaporean supply chain and logistics firm Toll Group plans to spend over $600 million over the next three years to expand its Asian business, keeping a keen eye on Vietnam, India and Indonesia, said its CEO Alan Beacham.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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