Tam Luong 🇻🇳’s Post

Vietnamese consumers have been on a shopping spree 💙❤️💚 According to a report by Metric, the Q1 retail revenue of the five largest e-commerce platforms in Vietnam, including Shopee Lazada TIKI Sendo.vn and TikTok Shop, reached a milestone of 71,200 billion VND, marking a growth of 78.69% compared to the same period last year. This growth trend is expected to continue, with the second quarter of 2024 projected to see a turnover of 84.87 trillion VND. The Gross Merchandise Value of the Vietnamese #ecommerce sector is anticipated to peak at 16.8 billion USD in 2025. Technological advancements and an increasing number of online shoppers are the key drivers of this growth, which is poised to create new opportunities for businesses and consumers alike. It's exciting to witness the comprehensive development of the digital economy in Vietnam.

🛍️ 𝐕𝐢𝐞𝐭𝐧𝐚𝐦'𝐬 𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬 𝐒𝐩𝐞𝐧𝐝 𝐍𝐞𝐚𝐫𝐥𝐲 $𝟓.𝟕 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐇𝟏 𝟐𝟎𝟐𝟒 📈 In the first half of 2024, Vietnamese consumers spent nearly $5.7 billion on online shopping, purchasing 1.53 million items through e-commerce platforms. 🚀 These figures more than doubled year-on-year, highlighting the robust e-commerce market and the opportunity for sellers to capitalize on online shopping trends. 📊 In particular, TikTok Shop and Shopee led the growth, with revenue surges of 150.54% and 65.96%, respectively, driven by the popularity of livestream shopping. 📉 In contrast, Lazada, Tiki, and Sendo experienced declines in both revenue and sales, falling by 43.81% and 48.55%, respectively. 🔗 For more insights, read the full article here: http://surl.li/cighmm #JDI #LaunchJDI #ecommerce #Vietnam #2024

#Indonesia remains the largest e-commerce market in the region, contributing 46.9% to the region’s GMV. This is a lower share compared to 54% in 2022. However, the archipelago’s e-commerce growth rate of 3.7% is the slowest in the region. Vietnam and Thailand are the fastest-growing markets, with GMV increases of 52.9% and 34.1% yoy, respectively. Vietnam has now surpassed the Philippines to become the third-largest e-commerce market in the region. Momentum Works TikTok Shop Shopee Lazada Tokopedia #e27News #ecommerce #southeastasia

#Indonesia remains the largest e-commerce market in the region, contributing 46.9% to the region’s GMV. This is a lower share compared to 54% in 2022. However, the archipelago’s e-commerce growth rate of 3.7% is the slowest in the region. Vietnam and Thailand are the fastest-growing markets, with GMV increases of 52.9% and 34.1% yoy, respectively. Vietnam has now surpassed the Philippines to become the third-largest e-commerce market in the region. Momentum Works TikTok Shop Shopee Lazada Tokopedia #e27News #ecommerce #southeastasia

Keep an Eye on Lazada and #Ecommerce in Southeast Asia in 2024 Consumers are rising. Merchants are digitizing. All the trend lines are in the right direction. #Lazada has re-orgd and is moving. #TikTok Shop is merging with #Tokopedia #ecommerce #digitalstrategy

Keep an Eye on Lazada and #Ecommerce in Southeast Asia in 2024 Consumers are rising. Merchants are digitizing. All the trend lines are in the right direction. #Lazada has re-orgd and is moving. #TikTok Shop is merging with #Tokopedia #ecommerce #digitalstrategy

The e-commerce landscape is undergoing significant changes. Shopee initially set a new trend, and other platforms have since followed when they recognized that the anticipated negative impacts were not as severe as expected. We can actually see that Lazada is trying to be the electronic powerhouse as that's the only commission part where they try to lower it down to attract more seller. I would say the commission fee is roughly the same as both Shopee and Lazada is just forcing everyone to join their Coins cashback scheme while Tiktok doesn't have this feature yet hence the lower commission fee. For businesses looking to minimize their e-commerce costs, we offer solutions that can reduce expenses to as low as 1.2%. If you’re interested in exploring how we can help, please feel free to reach out. #ecommerce #businessstrategy #costmanagement #Shopee #Lazada #TikTok

Here is the market share of the e-commerce sector in the first quarter of 2024 in Vietnam according to the result of the research of YouNet ECI. It comes as no surprise that Shopee leads the market with over 67% market share. After nearly 8 years in the Vietnamese market, this e-commerce platform from Singapore has introduced numerous shopping programs with blockbuster deals to attract users and is gradually reaping the rewards of its successful harvest, as evidenced by its profitability in this hundred-million-strong market in the past year, 2023. ⚠ The surprising element here perhaps stems from the emergence of a new player in the market, TikTok Shop, which, despite being in the market for less than 3 years, has surpassed even earlier entrants such as Lazada and TIKI to claim the second position in the market. This can be attributed to TikTok Shop's very innovative approach compared to other sales channels, leveraging its strength as a social entertainment platform. It could be said that TikTok Shop has opened up a new playground called "#shoppertainment" and is leading the way in this arena. ⚠ The next noteworthy point comes from the assessment of YouNet ECI, stating that the Vietnamese e-commerce industry could reach its peak GMV of 16.8 billion USD, Within this concept, "#shoppertainment" (the combination of shopping and entertainment) is the key element, accounting for nearly half of the total merchandise value of the entire industry, amounting to 8.1 billion USD. 👉 This will drive the growth of cross-border payment industry for e-commerce businesses headquartered abroad entering Vietnam. Read more about this effect and types of cross-border payments in the comment below 👇 #shopee #tiktokshop #lazada #tiki #ecommerce #ecommercepayments

July is an interesting month where as we foresee, Shopee GMV is heading down south due to most seller's are unaware about the unique Singapore Ecommerce landscape hence got bitten badly. Read more at our blogpost. #shopee #ecommerce #lazada #tiktok

The evolution of the e-commerce industry in Southeast Asia has been rapid and transformative, driven by several key factors. 👉 Early Stages (1990s - Early 2000s): Internet expansion began to spread across Southeast Asia. And as an early platform, eBay & Amazon started their journey. 👉 Growth Phase (Mid-2000s - Early 2010s): As the internet infrastructure formed & the availability of smartphones added new heights to the eCommerce industry. 👉 Boom Period (Mid-2010s - Present): The influence of mobile commerce, development of local payment solutions, and improvement on the logistics & supply chain, all aligned together and worked as the evolution of the e-commerce industry to the Southeast Asia region. 👉 Key Players in the industry: Lazada, Shopee & Tokopedia are the key marketplaces that are ruling the Southeast Asia region. The e-commerce industry in Southeast Asia has evolved rapidly from its nascent stages to become a critical part of the region's economy. With continued investment in technology, infrastructure, and innovative business models, the sector is poised for further growth and transformation. To learn more visit: https://lnkd.in/gYYHsUnt #ECommerce #OnlineShopping #ECommerceInsights #Lazada #FullStro #Inventory