Police arrest four for cheating on Shopee e-commerce platform

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 - Tue, April 2, 2024 | 2:04 pm

Tan Thanh, Saigon Square major markets in Vietnam for fake goods: US report

Tan Thanh, Saigon Square major markets in Vietnam for fake goods: US report

Several Vietnam-based sites and physical markets, including Tan Thanh Market and Saigon Square Shopping Mall, are hotbeds for counterfeit and pirated goods, a new report says.

Economy - Fri, February 16, 2024 | 4:06 pm

Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works

Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works

Food delivery services in Vietnam reached a gross merchandise value (GMV) of $1.4 billion in 2023, up 30% year-on-year, according to Singapore-based market researcher Momentum Works.

Economy - Wed, January 31, 2024 | 3:25 pm

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

Korea, Germany-invested food courier Baemin to leave Vietnam after 4 years

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 - Fri, November 24, 2023 | 5:35 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

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 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