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Vietnamese consumers spend $7.8B on online shopping in H1

Vietnamese consumers spend $7.8B on online shopping in H1

Sales on four e-commerce platforms in Vietnam, including Shopee, Lazada, Tiki and TikTok Shop, hit VND202.3 trillion (US$7.8 billion) in the first six months of this year.
Online sales drive business success to new heights

Online sales drive business success to new heights

E-commerce sector grows 18%

E-commerce sector grows 18%

Slow delivery, high prices: Vietnamese shoppers disappointed with Temu

Slow delivery, high prices: Vietnamese shoppers disappointed with Temu

Chinese e-commerce platform Temu has been attracting consumer attention in Vietnam, but many buyers are unhappy with its slow delivery, tiny range of payment options and uncompetitive prices.
October 29, 2024 | 09:03 pm PT
Vietnamese spend $1B each month on online shopping

Vietnamese spend $1B each month on online shopping

Vietnamese shopped for VND25.3 trillion (US$1 billion) a month on average on five major e-commerce platforms in the first nine months of this year.
October 26, 2024 | 03:34 pm PT
Shopee, TikTok Shop account for 93% of online retail

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

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
Tax collection from online vendors rises by 54%

Tax collection from online vendors rises by 54%

Tax collection from online sellers rose 54% year-on-year in the first half to VND9.98 trillion (US$392 million) as the government cracks down on tax evasion by e-commerce sellers.
July 10, 2024 | 02:31 am PT
Shopee races past other e-commerce rivals, TikTok Shop in second place

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
Shinhan acquires 10 pct stake in Tiki

Shinhan acquires 10 pct stake in Tiki

South Korea's Shinhan Financial Group said it has reached an agreement to acquire a 10 percent stake in Vietnam-based e-commerce company Tiki.
May 5, 2022 | 01:00 am PT
E-commerce platforms bank on year’s biggest sales event

E-commerce platforms bank on year’s biggest sales event

Nov. 11 has become the biggest shopping event of the year in Vietnam as e-commerce giants throw big bucks into promotions, seeking to entrench the online shopping habit among locals.
November 11, 2021 | 01:23 am PT
Tiki raises $258 mln from global investors

Tiki raises $258 mln from global investors

E-commerce company Tiki raised $258 million in its latest funding round as it eyes a U.S. IPO.
November 7, 2021 | 11:02 pm PT
Tiki raises $20 mln from Taiwanese investors

Tiki raises $20 mln from Taiwanese investors

E-commerce platform Tiki has raised $20 million from telecom operator Taiwan Mobile in return for a 2.7 percent stake in Tiki Global.
August 16, 2021 | 04:56 pm PT
AIA Vietnam, Tiki ink digital insurance platform partnership

AIA Vietnam, Tiki ink digital insurance platform partnership

An exclusive partnership between life insurer AIA and digital platform Tiki has been established, aiming to offer Vietnamese families healthier, longer, and better lives.
July 7, 2021 | 07:00 pm PT
Tiki raises $43.5 mln via corporate bonds

Tiki raises $43.5 mln via corporate bonds

E-commerce platform Tiki has raised VND1 trillion (nearly $43.5 million) over the last three months by issuing corporate bonds.
June 25, 2021 | 01:18 am PT
Tiki set to raise up to $200 mln in new funding round

Tiki set to raise up to $200 mln in new funding round

E-commerce startup Tiki is raising $150-200 million in its latest funding round in the next few months.
May 21, 2021 | 09:30 pm PT
Singles’ Day sales skyrocket on e-commerce platforms

Singles’ Day sales skyrocket on e-commerce platforms

Major e-commerce platforms in Vietnam saw sales on Singles’ Day (November 11) double year-on-year, signaling economic recovery after heavy Covid-19 impacts.
November 12, 2020 | 12:46 am PT
E-commerce market to almost double by 2023: report

E-commerce market to almost double by 2023: report

Vietnam’s e-commerce market is projected to grow to VND399.5 trillion ($17.3 billion) in 2023 from VND218.3 trillion ($9.4 billion) last year, according to GlobalData.
March 17, 2020 | 04:59 pm PT
Vietnam improves its online shopping readiness

Vietnam improves its online shopping readiness

Vietnam has jumped five places to 64th in this year’s global index of readiness for online shopping, a UN report says.
December 22, 2019 | 05:32 pm PT
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