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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese e-commerce platform Tiki appoints two top executives

Vietnamese e-commerce platform Tiki appoints two top executives

Vietnam’s largest homegrown e-commerce site Tiki has appointed Richard Trieu Pham as general director and Vu Thi Nhat Linh as general director of TikiNow Logistics (TNSL).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shinhan Bank launches Tiki-Shinhan credit cards

Shinhan Bank launches Tiki-Shinhan credit cards

Shinhan Bank Vietnam launched two lines of credit cards with Tiki JSC on Monday, the Classic and Platinum grades, with privilege packages valued up to VND4.8 million ($204,700).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shopee, Tiki, Lazada to pay taxes on behalf of sellers

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

Shinhan Bank Vietnam launches 'Future Bank Group'

Shinhan Bank Vietnam launches 'Future Bank Group'

Shinhan Bank Vietnam Limited on Wednesday announced the establishment of "Future Bank Group", which will drive its digital growth strategy and retail business in the country, and a business partnership agreement between Shinhan Financial Group and e-commerce company Tiki.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shinhan Financial buys 10% stake in major retail site Tiki

Shinhan Financial buys 10% stake in major retail site Tiki

Shinhan Financial Group has acquired 10% of Vietnam’s largest homegrown e-commerce platform Tiki for an undisclosed amount in a fresh move by the Korean giant to expand outside financial services.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7