tiki and sendo cancel merger deal

Tiki and Sendo cancel merger deal

Tiki and Sendo have blown the retreat on their merger deal after failing to satisfy all shareholders with the terms as COVID-19 has pushed investors to adopt a more risk-averse stance.
zalo shop has been operating e commerce without a licence

Zalo Shop has been operating e-commerce without a licence

As e-commerce platforms are awash with fake and low-quality goods, Zalo Shop was recently discovered not to have been licensed for operation in Vietnam.
new draft decree tackles e commerce drawbacks

New draft decree tackles e-commerce drawbacks

The Ministry of Industry and Trade has recently proposed a new decree to amend and supplement Decree No.52/2013/ND-CP issued in 2013 on e-commerce, as amended by Decree No.08/2018/ND-CP dated January 2018. Duong Le, partner at Indochine Counsel, points out some of the new changes.
renewing vng after mistaken banking foray

Renewing VNG after mistaken banking foray

Vietnam’s first unicorn business could be tested on how it can ride out the bumps and find new growth potential, especially since its digital banking project failed to obtain a legal licence, it saw massive losses in e-commerce platform Tiki, and has hesitated to file for an initial public offering.
vietnam grand sale 2020 national promotion month to begin from july 1

Vietnam Grand Sale 2020 national promotion month to begin from July 1

A national promotion month entitled ‘Vietnam Grand Sale 2020’ will be held from July 1 to 31 by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade in a bid to stimulate domestic consumption.
unlocking the potential of cross border e commerce to adapt to the new normal

Unlocking the potential of cross-border e-commerce to adapt to the new normal

The pandemic outbreak around the world has affected us in many different ways, and Vietnam is not outside of the foray of these events. Bernard Tay, head of Amazon Global Selling Southeast Asia, Australia, New Zealand, and country leader of e-commerce giant Amazon.sg Seller Services shares some observations on the industry and suggests ways to better capture the opportunities of post-COVID recovery.
mastercard study digital habits on the rise in southeast asia as new normal approaches

Mastercard study: Digital habits on the rise in Southeast Asia as new normal approaches

The COVID-19 pandemic has driven momentum towards the digital economy in Southeast Asia by necessitating the rapid adoption of e-commerce, home delivery, as well as digital and contactless payments, according to the latest Mastercard Impact Studies.
foreign shareholders keep occupying major stakes in e commerce platform tiki

Foreign shareholders keep occupying major stakes in e-commerce platform Tiki

Together with increasing its capital in May, foreign shareholders of local e-commerce platform Tiki raised their ownership rate to more than 54.5 per cent.
criteo vietnamese consumers turn to online shopping amidst covid 19 pandemic

Criteo: Vietnamese consumers turn to online shopping amidst COVID-19 pandemic

Criteo, a global technology company powering the world's marketers with trusted and impactful advertising, recently unveiled the results of its research analysing the impact of COVID-19 pandemic on the e-commerce landscape.    
facebook could be planning to conquer southeast asia through gojek investment

Facebook could be planning to conquer Southeast Asia through Gojek investment

Pouring capital into Gojek right after entering the e-commerce sector, what ambitions is Facebook harbouring?
pandemic shock therapy turns retailers towards omnichannel

Pandemic shock therapy turns retailers towards omnichannel 

The coronavirus pandemic has changed consumer shopping behaviour, prompting retailers to embrace online commerce to keep up with new trends.
e commerce floor for lychee launched

E-commerce floor for lychee launched

An e-commerce trading floor for Vietnamese lychee products will be launched this month.
online solutions providers gain traction in surging online market

Online solutions providers gain traction in surging online market

With e-commerce surging during the COVID-19 pandemic owing to changing consumer shopping behaviour, solution providers like Sapo and EcomEasy have been making tremendous gains as online shopping rises.
dual lightning strikes to turn vietnams e commerce equilibrium upside down

Dual lightning strikes to turn Vietnam’s e-commerce equilibrium upside down

The e-commerce market is looking at two high-calibre developments with the merger of Tiki and Sendo and the entry of heavyweight competitor Facebook. While  the merger would consolidate the two parties into a major competitor, it may hit a roadblock by breaking antitrust regulations – Facebook’s entry, however, is sure to rearrange the landscape.
facebook enters e commerce due to covid 19 induced plunge in revenue

Facebook enters e-commerce due to COVID-19-induced plunge in revenue?

Lower advertising revenue during the COVID-19 could be the main reason behind Facebook encroaching on the e-commerce sector.