Shopee reports robust growth 1 year after entering Viet Nam

VietNamNet Bridge - Fashion products are the most easily sold online items in Vietnam, followed by high-tech products and mobile phones. A survey in July 2016 conducted by Asia Plus in HCM City and Hanoi showed that 67 percent of people buy goods online, with 47 percent of them buying from Facebook. The buyers bought goods online at least once, while 23 percent said they did it regularly, at least once a week. There are many reasons to shop via social networks: ease of placing orders; reasonable prices; opportunity to haggle about prices; and regularly updated information. Fashion products are the most easily sold online items in Vietnam, followed by high-tech products and mobile phones. The familiarity is also an important reason as 21 percent of polled people said this was why they bought goods via social media. The 2015 E-commerce Report also pointed out that shopping via forums or social networks increased from 53 percent in 2014 to 68 percent in 2015. Shop owners believe that it is more effective to sell goods on social networks than on e-commerce trading floors. Tran Trong Tuyen, secretary general of VECOM (Vietnam E-commerce Association), said that e-commerce trading floors and social media were two different distribution channels which don’t compete with each other. The key to business success lies in reasonable investment allocation to sales channels. A survey by Bizweb of 2,000 online shop owners released in early 2016 also showed that 51 percent thought Facebook was an effective sales channel, while…... [read more]

HCM City (VNA) - Shopee, the first mobile-led social marketplace, has officially launched in Vietnam after a trial run of more than a year. Supported by Garena, a Southeast Asian internet platform provider, Shopee is a customer-to-customer marketplace where customers can browse, shop and sell a wide range of products. With a range of products, secure payment methods, fully integrated door-to-door delivery services and innovative social features such as #hashtag, live chat and easy connections to social media, the marketplace empowers budding entrepreneurs to grow their business, according to Tran Anh Tuan, director of operations and finance for Shopee Vietnam. Integrated sales tools also enable entrepreneurs to promote products, manage inventories and enhance customer relations. Shopee operates in seven countries and territories, including Singapore, Malaysia, Indonesia, and Thailand, in addition to Vietnam, the Philippines and Taiwan, with 16 million downloads and 46 million items listed.-VNA... [read more]

HCM City's IIP surges 7% in seven months Notably, key industrial sectors, such as mechanical and manufacturing industry, electronics, chemicals, rubber and plastics and food processing, posted a year-on-year rise of 7.3 per cent, higher than the average growth of industry as a whole. This was attributed to their efforts to expand markets, update technology with new equipment and improve product quality and competitiveness, the municipal people's committee said. Sectors that posted growth in production are food and beverages (14.3 per cent), non-metallic products (21.3 per cent) and machinery and equipment (32.1 per cent). In July alone, the city's industrial production index rose by 3.1 per cent. During the month, the processing sector and industrial parks focused on drawing hi-tech investment projects and supporting business activities to record turnover of US$3.16 billion in exports and $3.17 billion in imports. The IIP in the first seven months of last year grew by 6.6 per cent. Power sector asked to help reduce housing costs The HCM City Real Estate Association yesterday asked the local Electricity of Việt Nam (EVN HCMC) branch to pay for building the electricity grid for projects being incurred by developers. Chairman of the association Lê Hong Châu said that under the Electricity Law 2004 and the law supplementing and amending a number articles of the Electricity Law promulgated in 2012, power companies have the responsibility of building transformer stations and installing electricity meters for customers. Under the Law on Real Estate Business issued in 2014, project investors must…... [read more]

HCM CITY - Shopee, the first mobile-led social marketplace, has officially launched in Việt Nam after a trial run of more than a year. Supported by Garena, a Southeast Asian internet platform provider, Shopee is a customer-to-customer marketplace where customers can browse, shop and sell a wide range of products. With a range of products, secure payment methods, fully integrated door-to-door delivery services and innovative social features such as #hashtag, live chat and easy connections to social media, the marketplace empowers budding entrepreneurs to grow their business, according to Trần Anh Tuấn, director of operations and finance for Shopee Vietnam. Integrated sales tools also enable entrepreneurs to promote products, manage inventories and enhance customer relations. Shopee operates in seven countries and territories, including Singapore, Malaysia, Indonesia, and Thailand, in addition to Việt Nam, the Philippines and Taiwan, with 16 million downloads and 46 million items listed. - VNS... [read more]

Shopee's staff guide customers to use their service. — VNS Photo HCMCITY (Biz Hub) — Shopee, the first mobile-led social marketplace, has officially launched in Viet Nam after a trial run of more than a year. Supported by Garena, a Southeast Asian internet platform provider, Shopee is a customer-to-customer marketplace where customers can browse, shop and sell a wide range of products. With a range of products, secure payment methods, fully integrated door-to-door delivery services and innovative social features such as #hashtag, live chat and easy connections to social media, the marketplace empowers budding entrepreneurs to grow their business, according to Tran Anh Tuan, director of operations and finance for Shopee Vietnam. Integrated sales tools also enable entrepreneurs to promote products, manage inventories and enhance customer relations. Shopee operates in seven countries and territories, including Singapore, Malaysia, Indonesia, Thailand, Viet Nam, the Philippines and Taiwan, with 16 million downloads and 46 million items listed. In Viet Nam, it has had 1.8 million downloads and more than 3 million items listed. To celebrate its launch, Shopee is offering free shipping to sellers from August 8 to September 9. A mobile shopping experience with a variety of promotions and discounts will be organised on September 9. — VNS... [read more]

A Chinese partner of global e-commerce firm Amazon.com Inc has told customers to end the use of illegal virtual private networks (VPNs), which can allow users to circumvent internet censorship. The instruction comes after Apple Inc removed VPN services from its Chinese app store over the weekend, amid a government crackdown against their use to bypass the so-called "Great Firewall", which restricts access to overseas websites. In January, the government passed laws banning all VPNs not approved by regulators. Its stance is that rules governing cyberspace should mimic real-world border controls and that the internet should be subject to the same laws as sovereign states. "If we discover (clients using unapproved VPNs), we will shut down services," said a member of staff at Beijing Sinnet Technology Co Ltd, which operates Amazon's cloud business, Amazon Web Services (AWS), in China. "This is in accordance with directives from the Ministry of Industry and Information Technology (MIIT)," said the person, referring to the regulator that oversees VPN use. "We have asked clients to check all illegal cross-border businesses." The person was not authorized to speak to the media and so asked not to be identified. A member of staff at AWS, also on condition of anonymity, likewise said directives had come from the MIIT. The MIIT did not respond to requests for comment. Amazon did not respond to Reuters' requests for comment outside of U.S. business hours, but the firm told the Wall Street Journal that Sinnet was "responsible for ensuring that its…... [read more]

Giving up a job as a technical official for a television company in HCM City, Tran Tue Man decided to provide a delivery service.  Man is optimistic about the new business after six months of operation. The business he set up has been recruiting new workers as the business is scaling up. “The fast delivery service market has become very competitive, but it is still a ‘blue ocean’ with great potential,” the founder of ‘Giao hang gia re’ (low-cost delivery) said. “Many online shops have arisen,” he explained, adding that the number of orders his business receives has increased by 30-50% a month. However, he said 30-50% is still a modest growth rate. “If my sale and marketing team expands, a 100-300% growth rate will be within reach,” he said. Man said his company plans to launch an app of its own in September. To compete with other delivery services, his company also is providing package services, such as marketing for online shops.  Man’s startup project is one of several delivery service firms which have been booming in the last three years.  Not only startups but big companies in some business fields have also decided to expand their business by joining the market.  As a result, the fast delivery service market, which only had 5-6 players in 2013, now has more than 50 businesses. GrabExpress of Grab taxi transport also provides goods delivery service at a very competitive fee…... [read more]

Selling tours online, according to experts, is a growing trend which all travel firms have to join if they don’t want to lose customers. Lai Viet Anh, deputy director of the E-commerce and Information Technology Agency, said that up to 45% of Vietnamese internet users book hotel services or air tickets, with the figure increasing by 11% per annum.  It is expected that the SE Asian online tourism market would have value of US$90 billion in the next three years. A survey by Nielsen Vietnam found that tourism service ranks third among the products and services that Vietnamese people spend most money on through e-commerce channels, just after fashion and books, music and confectionary. However, the number of travel firms investing the channel remains modest because of many barriers, including capital, marketing and sale techniques. Eleven years ago, Vietravel began thinking of selling tours online when launching https://travel.com.vn. Sources said the travel firm poured a lot of money into the website and the advertisement alone cost US$100,000 in the first year.  Vietravel firm has also developed other channels, including Facebook to support online sales. It now has 30 online marketing staff officers. However, an analyst said the number of travelers booking tours online increased considerably only in the last two years. About 4,000 travelers booked tours online in 2015 and the figure increased by threefold last year (12,000 travelers).  In the first half of 2017, the number of travelers…... [read more]

Prime Minister Nguyen Xuan Phuc (second from left) shakes hands with a delegate at the second annual Vietnam Private Sector Forum held on Monday in Ha Noi. — VNA/VNS Photo Thong Nhat Prime Minister Nguyen Xuan Phuc urged private enterprises yesterday to expand their global reach, pledging to create favourable conditions for the development of the private sector as a major driver of economic growth. Phuc was speaking in Ha Noi at the second Viet Nam Private Sector Forum (VPSF), an initiative of the Viet Nam Young Entrepreneurs’ Association (VYEA) and the Mekong Business Initiative (MBI) of the Asia Development Bank (ADB). “It is vital to remove all the barriers and create conditions to boost the development of the private sector,” Phuc said. “The private sector should be encouraged to do what it does well. This is the right way for Viet Nam to follow in transforming the economic structure and encouraging innovation to exploit its potential.” Phuc said the private sector should contribute 60 per cent to the country’s gross domestic product (GDP), compard to 40 per cent at present. “As the Government is determined to be a constructive one, private enterprises must also keep innovating to improve their competitiveness and grasp opportunities,” Phuc stressed. “Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in…... [read more]

Hoang Van Dung, Chairman of ABAC Vietnam. (Source: VNA) Ottawa (VNA) – The Asia-Pacific Economic Cooperation (APEC) needs to become an open, innovative and inclusive region with a long-term vision to create sustainable and inclusive growth, heard the third APEC Business Advisory Council meeting (ABAC III) in Toronto, Canada. In a press release issued after the conference, which was held from July 24-28, ABAC members highlighted four priority fields of intensifying integration and trade liberalisation, speeding up the development of small- and medium-sized enterprises, developing science and technology, and bettering human resources training. They also stressed the need for APEC economies to take action toward the establishment of the Asia-Pacific Free Trade Area based on the results of ambitious regional agreements such as the Trans-Pacific Partnership, the Regional Comprehensive Economic Partnership, and the Pacific Alliance. Talking to Vietnam News Agency correspondents, APEC Executive Director Alan Bollard said that as ABAC III was a meeting of enterprises, delegates discussed a series of issues related to trade and investment and on how to maintain dynamic growth in the Asia-Pacific region. New issues, including e-commerce, development of small enterprises and the role of women in the economy, were also put on table, he added. Chairman of the ABAC Vietnam Hoang Van Dung emphasised the importance of science and technology in the digital era, especially for such developing countries as Vietnam. Within the framework of the conference, a representative from the Vietnamese delegation informed the participants of…... [read more]




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