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Businesses take a hit as bubble tea craze cools down
Bubble tea brands had a bad year last year due to dwindling demand and increasing pressure to lower prices to attract customers.
Quiz: Which Asia-Pacific country has the highest rate of online shopping using mobile phones
Some 67% of consumers in this Asia-Pacific country use their phones to shop online daily or weekly, the highest rate in the region.
Shopee, TikTok Shop account for 93% of online retail
The gap between Shopee and its main rivals in the e-commerce market has widened, with the platform now holding a 71.4% market share while TikTok Shop ranks second with 22%.
August 16, 2024 | 04:29 am PT
Vietnamese shoppers spend nearly $32M a day online
Nearly VND800 billion (US$31.6 million) worth of goods were sold every day on the top five e-commerce platforms in the first half of this year.
July 28, 2024 | 04:47 pm PT
Vietnam, Thailand emerge as Southeast Asia’s fastest growing e-commerce markets
Vietnam and Thailand have emerged as the two fastest-growing e-commerce markets in Southeast Asia, according to a new report.
July 19, 2024 | 08:01 pm PT
Consumers' belt tightening hits businesses
Dang Hoang of HCMC has been cutting back on discretionary purchases like dining out, coffee and branded clothing since the beginning of this year.
July 18, 2024 | 03:28 pm PT
Shopee pilots new policy extending customers’ order cancelation window
Shopee is testing a new policy that allows customers to cancel orders later in the shipping process as part of efforts to win business, placing pressure on sellers.
July 4, 2024 | 08:53 pm PT
17 million Vietnamese products sold on Amazon in 2023
The number of Vietnamese products sold on Amazon soared by 300% in the previous five years to 17 million in 2023.
June 27, 2024 | 07:35 pm PT
Many people love luxury brands but choose to use counterfeit goods
While my family steadfastly avoids fake luxury items, I've observed that many Vietnamese consumers, despite their professed love for high-end brands, opt for counterfeits.
May 19, 2024 | 03:19 pm PT
Shopee races past other e-commerce rivals, TikTok Shop in second place
Shopee continued to dominate Vietnam’s e-commerce market with a 67.9% share in the first quarter, followed by TikTok Shop with a 23.2% market share.
April 30, 2024 | 03:00 pm PT
Saigonese prefer going out for non-alcoholic drinks: report
Drinking outside home accounts for 59 percent of the total spending on non-alcoholic drinks in HCMC.
December 13, 2019 | 02:58 am PT