It is expected to rise to $43 billion by 2025, according to the "e-Conomy Southeast Asia report 2019" by Google, Singapore investment firm Temasek and U.S. global management consultancy Bain. But these customers often ask to switch to online marketplace Shopee for payment. Tags: Vietnam Shopee Dublin, Sept. 27, 2022 (GLOBE NEWSWIRE) -- The "Indonesia B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment . If you are used to the e-commerce Amazon or Alibaba style of online shopping, here are the top three shopping marketplace aggregators platforms in Vietnam. It started out as online gaming company Garena, and it didn't jump into e-commerce only until 2015. eCommerce has driven significant growth in Vietnam, at 46%, alongside strong growth across most sectors except for Travel. Follow Us Facebook Instagram Welcome to Shopee The proportion of B2C e-commerce revenue will exceed 7 per cent, reaching from 7.2 per cent - 7.8 per cent market share in the total retail sales of consumer goods and services in Vietnam. As of 2017, the . This year, Vietnam's e-commerce market is expected to reach $13 billion, according to Google's SEA e-Conomy report. TAG: e-commerce platforms Vietnamese online consumers iPrice Group Shopee has a wide selection of product categories ranging from consumer electronics to home & living, health & beauty, baby & toys, fashion and fitness equipment. In 2019, for the first time ever, Shopee overtook Lazada to emerge on top. It is expected to grow by 32% in the coming years, reaching US$39 billion in 2025, making it the second largest e-commerce market in Southeast Asia after Indonesia. With e-commerce popping up as the new trend in the Southeast Asian region, Shopee is to reach new heights with the coming years! Last year, the e-commerce market grew in the country by 18 percent to reach US$11.8 billion, and accounted for 5.5 percent of total retail sales. Apr 11, 2022 According to a recent survey conducted in Vietnam by Decision Lab in 2022, Shopee had the highest penetration rate among all online shopping platforms in Vietnam, as suggested by 74. To put Shopee's dominance into perspective, according to Decision Lab's Q1 report, it is now the most used platform of almost half of all Vietnamese who shop online. Without disclosing its methodology, Momentum Works estimated that Shopee held a. While I was working for a leading digital product retail chain in a local market in SEA in 2011 - 2012 , Lazada had hunted three of my managers from SEO, Marketing, Product. Nestl 4. Tokopedia and Bukalapak, two home-grown e-commerce unicorns, are Shopee's biggest contenders in Indonesia while in Vietnam they are The Gioi Di Dong (thegioididong.com) and Tiki. In a year, the seller community grew thrice. Lazada marketing strategy - and market share 2013 - 2021 I've happened to exposure and interact with Lazada by various chance. Lazada, Shopee, Tiki and Sendo received substantial investment in 2018 from large financial and retail giants around the world to rapidly seize a large market share. shopee.vn, operated by Shopee Southeast Asia, Ltd., is an online store with nationally-focused sales. Shopee and Vietnamese e-commerce platform Sendo emerged as Vietnam's top two largest e-commerce platforms by web traffic in the third quarter (Q3) of this year, according to market research company iPrice. Up to now, Shopee has 40 million downloads in all seven markets, totaling $ 3 billion in orders. Sea Limited, the parent company of Shopee, was founded in 2009. Latest 2Q19 data indicate regional combined figures on desktop and mobile web visits . Unilever 3. The value of Southeast Asia's e-commerce sector is estimated at $38 billion and is on track to surpass $150 billion by . . Up till 4Q18, iPrice Group's Map of e-commerce report showed Lazada holding top rank with 183 million visitors combined regionally across six countries, against Shopee's 148 million. In Vietnam, they strengthened their No. Therefore, we have written this article where we list the biggest eCommerce platforms in Vietnam. Spotify International Company In Vietnam: Last Word 1. 5. This is in stark contrast to September 2021, when Sea raised $6 . (Source photos by Kentaro Iwamoto, Reuters and courtesy of Tiki) As shipping cost in Vietnam can be up to 50,000VND/time, this policy is the key factor help Shopee to obtain market's share. iPrice's David Chmelar commented that in Southeast Asia, there are two countries where domestic businesses reap big success - Vietnam and Indonesia. Market share. This e-commerce company is under the management of FPT Online Services . The virtual marketplace netted 62 million monthly visits in Vietnam in the third quarter of 2020, an over 80% rise from a year earlier. By the end of 2017, the total asset value of Shopee had risen ten times to more than VND730 billion as its parent firm raised its total capital by VND30 billion to more than VND1.14 trillion. Singapore - Singapore-headquartered e-commerce platform Shopee retains its leadership as the most-visited e-commerce site in the Southeast Asia region in 2020, followed by similarly Singapore-born e-commerce Lazada, the newest report from e-commerce aggregator iPrice showed. Shopee The first candidate on this list of foreign companies in Vietnam is Shopee. Overall, 2020 GMV is expected to reach a total value of US $14B in 2020, having grown at 16% . posted on June 29, 2021 5:21 pm Editor : Wang Boyuan. SHARE Research Expert covering Vietnam Get in touch with us now , Jul 19, 2022 As of the first quarter of 2022, Shopee VN was the most visited international B2C e-commerce website in Vietnam, with. Shopee Salaries trends. In the July-September quarter of 2020 its revenues for its e-commerce unit, which covers Vietnam and other countries, rose 2.7 times from a year earlier to $618 million, while the operating loss widened from $277 million to $338 million, mainly as a result of its campaign to gain market share. Lazada is leading the pack in Southeast Asian ecommerce in terms of monthly active users, with Shopee landing right on its heels, report shows. In Indonesia, Tokopedia, which has a web traffic market share of 25 per cent, was the most visited e-commerce website, followed by Shopee, which has a 22 per cent market share in the country. Vietnam ranked sixth in e . A recent report on the local fashion market of the Vietnam Industry Research and Consultancy (VIRAC) found that Vietnamese fashion brands are losing out in the local market, which is increasingly dominated by international brands. The effort seems to be paying off. Shopee has the highest ranking in both mobile shopping apps and transactional websites. Metric Data Research Company report shows that Shopee, Lazada, Tiki, and Sendo are the four most prominent e-commerce platforms currently operating in Vietnam. 1 On the back of this strong economic performance, Vietnam has . PwC 6. Aron Chen. In the last few months the capital market has been pretty good and I think that has benefited Shopee a lot," said Jianggan Li, chief executive at Singapore-based venture capital firm Momentum Works. Worth $100 billion, Sea is pumping in money gained from its gaming business in the US to spur its e-commerce operations. Payoneer and Shopee have partnered together to supply easy, affordable payment solutions for sellers who want to grow their business. . We at CedCommerce, provide various integration programs that are beneficial and will save you valuable time by . According to the geographical of Shopee, Shopee has been expanded in many countries such as Malaysia, Indonesia, Taiwan, Thailand, Vietnam and Philippines. Since then, it has grown very fast, achieving great success not only in the Asian market. Shopee was also the champion in Indonesia and Vietnam in terms of total visits, in the first quarter of this year. Vietnam leads the region in terms of traffic market share of domestic businesses (66 percent), while Indonesia is behind Vietnam with the total traffic of domestic players accounting for 62 percent. Its eCommerce net sales are generated almost entirely in Vietnam. Retail to bounce back strongly in 2022. As online shopping becomes the norm, the market itself is predicted to reach between US$ 700 billion and US$ 1 trillion by 2030. Like most of Southeast Asia, two brands - Shopee and Lazada - enjoy a considerable market share. According to Google's SEA e-Conomy report in 2021, Vietnam's e-commerce market will reach US$13 billion in 2021. Shopee (Tencent backed), Lazada (with 83% shares belongs to Alibaba Group), Tiki, and Sendo are the most popular e-commerce platforms in Vietnam. Between June and August 2019, Shopee had 34 million visits per month, while Lazada had 24 million. Altogether, the top three stores account for 10% of online revenue in Vietnam. Salaries posted anonymously by Shopee employees in Ho Chi Minh, Vietnam Area. The biggest player in the Vietnamese eCommerce market is thegioididong.com.The store had a revenue of US$335 million in 2021. thegioididong.com is followed by fptshop.com.vn and shopee.vn as the second- and third largest stores with US$254 million and US$234 million, respectively. In 2016 when it first entered Vietnam, Shopee posted losses of VND160 billion, but this had risen to more than VND600 billion last year. The Map of E-commerce market study by online . JAKARTA -- Sea Group's e-commerce platform Shopee was perched on top of Indonesia's e-commerce market in 2020, clocking the most website visitors in the year. Shopee ★ Very Dissatisfied &starf . Shopee 2. At this point, it will be interesting to see the standout e-commerce players that make the biggest impact in Vietnam's e-commerce industry. 77 salaries for 57 jobs at Shopee in Ho Chi Minh, Vietnam Area. iPrice Group is a meta-search website operating in Vietnam and six other countries across Southeast Asia namely in; Malaysia , Singapore , Indonesia , Thailand , Philippines, and Hong Kong. Shopee is now Vietnam's most-visited e-commerce site, followed by Mobile World, Tiki and Alibaba's Lazada. Microsoft 8. Large retail firms are to gain even more market share this year as smaller competitors have been forced to exit the game after prolonged lockdowns and mobility restrictions during recent years, said industry experts. e-Commerce Revenue Analytics shopee.vn. Starbucks 10. Lazada According to an e-commerce . If Shopee only had 1.8 million downloads last year, it currently has a total of 5 million. Shopee expands in Vietnam Shopee eyes a larger share of the $100 billion digital economies in Asia and expanding its operations in Vietnam. In the second quarter, Sea Limited's revenue stood at $2.9 billion, a 29% year-over . Alibaba and Shopee Clash in Vietnam as Southeast Asia's E-Commerce War Rages By Lien Hoang and Kentaro Iwamoto (Nikkei Asia) For Nguyen Ngoc, a merchant in Ho Chi Minh City selling blouses and wallets, a typical way to reach online customers is through Facebook. Shopee in South East nations Shopee's strategy is to focus on the Southeast Asian market, including Singapore, Malaysia, Indonesia, Thailand, the Philippines, Taiwan and Vietnam. Work at Shopee? Japanese fashion brand Uniqlo has had eight stores in Vit Nam since late 2019. Based on Momentum Works' latest report, Shopee was Indonesia's market leader in 2020, but by a very narrow margin. Shopee was launched in 2015, and Lazada was already a leading e-commerce platform in the region when Shopee first entered the market. It provides customers with an easy, secure and fast online shopping experience through strong payment and logistical support. Close Southeast Asia Food Delivery Shopee Grab GoTo. In the case of Shopee in the fourth quarter of 2020, its revenue from e-commerce and other services and sales of goods was $873.2 million, while all costs for e-commerce, other services, goods sold, sales, and marketing expenses were $1.69 billion, making $817 million of losses in the quarter, much bigger than the on-year loss of $561 million. Shopee is a marketplace launched in Singapore in 2015. Therefore, the Shopee will target these types of generation to make profit. The report also indicates that 90% of Thai, 81% of Malaysian, and 71% of Vietnamese internet users have had an experience of shopping online. Online classifieds: Online classifieds are similar to an online marketplace, however, the payments go directly to the seller . The effort seems to be paying off. According to the latest report of the Vietnam E-commerce Association, the scale of the local e-commerce market in 2018 hit $7.8 billion. [14] Vietnam's e-commerce market size is expected to be US$3,385 Million in 2020. Shopee makes further expansion in Southeast Asia's food delivery sector, disturbing the market landscape . According to a report by Vietnam e-Commerce and Digital Economy Agency (governed by Ministry of Industry and Trade), with 53% of the population shopping online, the e-commerce market in Vietnam grew by 18% in 2020, reaching 11.8 billion USD, which accounted for 5.5% of total retail sales of consumer goods and services. Share Your Experiences. In a talk with Vietnam Economic News' Nhat Quang, Shopee Vietnam Managing Director Pine Kyaw shared his insights into the market and how the . E-commerce companies have been increasing their market share in Vietnam aided by increased internet connectivity, smartphones, and most recently, lockdowns related to the COVID-19 pandemic. It is an increase of 80% compared to a year earlier. In the July-September quarter of 2020, revenues for its ecommerce unit, which covers Vietnam and other countries, rose 2.7 times from a year earlier to $618m, while its operating loss widened from $277m to $338m, mainly as a result of its campaign to gain market share. . The living standards of . Sea Limited, Shopee's parent company, has lost about $170 billion in market value over the past year, according to Bloomberg. Shopee continued to lead as Vietnam's most popular e-commerce platform in the fourth quarter of 2019, with 33.6 million monthly web visits, according to a recent report published by e-commerce aggregator iPrice along with market searchers SimilarWeb and App Annie. Last year Vietnam's Internet economy, which has been growing annually at 38 percent since 2015, was estimated to be worth $12 billion. According to iPrice's Map of e-commerce Vietnam for Q3, the largest platform in terms of web traffic is still Shopee. Coupled with rising inflation and interest rates as well as setbacks on its internationalisation plans, Shopee laid off staff across multiple markets in June 2022, including employees from Indonesia, Thailand, and Vietnam. Shopee has grown over the years with rapid pace and has acquired the Southeast Asian market swiftly. Based on the chart above, Shopee's market share has increased significantly in all 6 markets from Q1 2019 to Q4 2021. On a global scale, the Vietnam E-commerce White Paper 2022 forecasts that retail e-commerce revenue will reach $5.545 billion this year, up about 12.7 per cent. Sendo is an online e-commerce platform introduced to Vietnam market in September 2012. May, 18/2021 - 08:38. IBM 5. Sea Group's e-commerce arm is getting into the game of food delivery in the red hot battlefield. Looking at 2025, the overall e-conomy will likely reach US $52B in value, re-accelerating to ~29% CAGR. Lazada Lazada was established in 2012 and is the most prominent and well-known eCommerce marketplace in Southeast Asia at the moment. Samsung 7. Sendo. Vietnam's economy is expected to see some deceleration in gross domestic product growth, with expansion of 6.3 percent year-on-year projected for 2019, compared with the stellar 7.1 percent year-on-year outturn seen in 2018. Shopee in particular holds the largest market share with sales of up to VND43.12 trillion, accounting for 72 percent of the market share from November 2021 until May 2022. If the market's growth rate remains at 30 per cent in the 2019-2020 period, it will reach $13 billion. 1 position against Lazada in Q1 2019. (VEN) - Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, held its annual shopping event, 9.9 Online Shopping Day, on 9th September for the second time. Their biggest market is Taiwan and Indonesia and Malaysia and Thailand are still growing strongly. Nike 9. An online ad on home delivery from Shopee, a leading e-commerce . Shopee, the Singapore-based e-commerce giant, once the darling of investors, is now facing a bleak fundraising prospect in today's volatile market. It would grow by 32% in the coming years, reaching $39 billion in 2025, making it the second largest e-commerce market in Southeast Asia after Indonesia. January, 05/2022 - 09:06. Let's dive into this post on the top 10 international companies in Vietnam to determine your answer. Meet one of the biggest e-commerce marketplaces in South Asia. Get a free, personalized salary estimate based on today's job market . In the July-September quarter of 2020, revenues for its ecommerce unit, which covers Vietnam and other countries, rose 2.7 times from a year earlier to $618m, while its operating loss widened from. Shopee currently operates in seven Asian countries and has received 40 million downloads. Since its arrival in Vietnam in August 2016, the number of Shopee app downloads has more than tripled, hitting 5 million. ShopeePay and ShopeeFood were also reported to be facing cuts. Shopee has charged the seller/Commission and the product registration fee. iPrice partners with some of the biggest brands in the region such as Lazada , Shopee , Adayroi , Tiki , Sendo , Nguyn Kim , Lala, and more. The Shopee platform is currently available in 13 countries, i.e., Indonesia, Taiwan, Vietnam, Thailand, Philippines, Malaysia, Singapore . Shopee is preferred within the Southeast Asia region, with the platform being present in Singapore, Malaysia, Thailand, Indonesia, Vietnam, Taiwan, and therefore the Philippines. Contents 1. With regards to the product range, shopee.vn is an all-round online store, with products on offer that cover different categories, such as . Sea Limited's financial statements show that revenue is rising, and that ecommerce is the biggest growth driver. Best for: Small household furnishings, kitchen appliances, kitchen utensils, cleaning solutions and equipment, beauty products, small electronic goods, baby goods 1. Know Your Worth. Shopee, and Lazada. As one of the most chosen e-commerce platforms in Vietnam, second only to Shopee, Tiki amd MBW, the number of visits to Lazada's website reaches 20.8 million visits per month. Vietnam Retail Shopping Ecommerce Market Share by Key Players (Lazada, Mobile World Group, Shopee, Tiki) Vietnam Travel Ecommerce Market Share by Key Players (Agoda, beTaxi by Be Group, Booking . 1. The original model of Shopee Vietnam is C2C Marketplace-intermediate in the process of buying and selling between individuals.However, currently Shopee Vietnam has become a hybrid model WHEN there is a B2C (business to consumers). How 5-year-old startup Shopee is leading e-commerce growth in Southeast Asia. Southeast Asia is fast experiencing an e-commerce boom. 15:30 | 10/10/2017 Companies. In 2017, after entering into Vietnam market for 1 year, Shopee . ASIA LEADS THE GLOBAL E-COMMERCE MARKET WITH DIGITAL PAYMENTS The platform's rapid market share grab has elicited a response from Alibaba-backed Lazada, also a fixture in Southeast Asia's estimated US$100 billion digital economy. High predicted growth for e-commerce market in Vietnam. 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