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
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - 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
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
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
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
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 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 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
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
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
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
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shopee, Tiki, Lazada to pay taxes on behalf of sellers
E-commerce platforms like Shopee, Tiki, and Lazada will declare and pay taxes on behalf of partner sellers, according to a Ministry of Finance proposal.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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