Succeeding in China’s $9.4 T E-commerce Market: Why Culture and Context Matters

asiapacfic.ca

China’s cross-border e-commerce has been growing in recent years in terms of both volume and value. With increasingly sophisticated customers who have rapidly evolving expectations, Asia’s largest economy is expected to become the world’s largest e-commerce market by 2020, with e-commerce transactions expected to reach almost 50 trillion yuan, or approximately C$9.4 trillion.

This report is intended for Canadian firms contemplating expansion into e-commerce in China. In addition to providing an overview and statistics, as well as primary data insights into key challenges and considerations, the report also offers two case studies to provide further insights into this explosive sector in China.

Read our infographic summary of the report below, or click the download button to read the full text.
Continue reading “Succeeding in China’s $9.4 T E-commerce Market: Why Culture and Context Matters”

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Để chợ nổi bắt đầu một đời sống khác 

  • NGUYỄN THỊ HẬU
  • 12.12.2017, 10:03

TTCT– Chợ nổi ra đời “tự phát” nhưng để hình thành một hiện tượng kinh tế – văn hóa đặc trưng của miền Tây Nam Bộ thì phải có sự kết hợp của những yếu tố “bản địa”

Để chợ nổi bắt đầu một đời sống khác 
Chợ nổi Cái Răng (Cần Thơ).-Ảnh: Lê Hữu Nghĩa

Nguy cơ “chìm” của những chợ nổi đình đám như chợ Cái Bè (Tiền Giang), Cái Răng, Phong Điền (Cần Thơ), Ngã Bảy Phụng Hiệp (Hậu Giang), Trà Ôn (Vĩnh Long), Ngã Năm (Sóc Trăng), Long Xuyên, Châu Đốc (An Giang), Cà Mau, Năm Căn (Cà Mau), Vĩnh Thuận (Kiên Giang)… lại hiển hiện ngay giữa cái thời mà xu hướng tìm về nguồn tài nguyên bản địa để “khởi nghiệp” và phát triển các mô hình sản xuất – kinh doanh, trong bối cảnh tự nhiên “biến đổi khí hậu” và xã hội “cách mạng công nghiệp 4.0” đang trỗi dậy

Vậy nên, để chợ nổi có thể duy trì được sức hấp dẫn về văn hóa và giữ được vai trò kinh tế, cần nhìn nhận được những yếu tố bản địa mang giá trị tài nguyên của nó, “phát hiện lại” những giá trị này trong mối liên hệ mật thiết với kinh tế, công nghệ, văn hóa, du lịch… Continue reading “Để chợ nổi bắt đầu một đời sống khác “

Chợ nổi … bên bờ vực tan rã

  • NHÓM PV ĐBSCL
  • 08.12.2017, 15:01

TTCT – Một thời là biểu hiện cho sự sung túc của vùng sông nước ĐBSCL, và trở thành nét văn hóa độc đáo, thu hút khách du lịch. Giao thông đường bộ phát triển, nhu cầu mua bán trên sông đã giảm nhiều, chợ nổi đối diện cảnh xế chiều, thậm chí là chuyện tồn vong…

Chợ nổi ... bên bờ vực tan rã
Chợ nổi, một nét văn hóa rất đặc thù của vùng sông nước ĐBSCL, cần được giữ gìn, bảo tồn. -Ảnh: Duy Khương

 

Những chợ nổi nổi tiếng còn lại đang hi vọng được Nhà nước “quăng phao” cứu hộ phục vụ mục đích du lịch. Continue reading “Chợ nổi … bên bờ vực tan rã”

‘Zero dong’ tours break out again in Quang Ninh

Last update 16:00 | 13/12/2017
VietNamNet Bridge – After a period of inactivity, zero-dong tours are bouncing back in Quang Ninh province and affecting the local tourism industry.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, zero dong tour, Quang Ninh, Chinese travellers

After a period of inactivity, zero-dong tours are bouncing back

Thousands of Chinese travelers were seen entering Vietnam across the border gate recently on one day in early December. Most of them were middle aged.

Within one hour, 20 buses carrying passengers were seen travelling from the border gate to Thuong Truong Phuong Dong, a shop nearby. Continue reading “‘Zero dong’ tours break out again in Quang Ninh”

E-commerce: narrow door for Vietnamese businesses

Last update 12:00 | 05/12/2017
VietNamNet Bridge – Foreign retail e-commerce businesses operating under the marketplace mode are increasingly dominating Vietnamese businesses in the market.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, e-commerce, tiki.vn, MOIT

                       Vietnam’s e-commerce growth rate forecast to double by 2020

As in previous years, Lazada Vietnam was the first online shopping website to start the year-end shopping season. It offered sharp price discount rates for 15,000 products in a sale promotion campaign on November 9-11. All the orders with weight of less than 6 kilograms were delivered free of charge on those days. Continue reading “E-commerce: narrow door for Vietnamese businesses”

Shipping falls behind booming online shopping in Vietnam

Goods can easily be purchased online but their delivery is not as reliable

By Tuoi Tre News

December 4, 2017, 17:17 GMT+7

Shipping falls behind booming online shopping in Vietnam
A shipper meets his customer in Ho Chi Minh City. Photo: Tuoi Tre

While online shopping platforms extend themselves to ensure they have adequate infrastructure to meet rising demand by Vietnamese consumers, they are still failing to satisfy when it comes to shipping, which is mostly done by third parties. Continue reading “Shipping falls behind booming online shopping in Vietnam”

​First unmanned convenient store opens in Saigon

Customers top up their online account and pay by scanning QR codes with their smartphone
By Tuoi Tre News

November 24, 2017, 19:08 GMT+7

​First unmanned convenient store opens in Saigon
The Toromart convenient store in Ho Chi Minh City. Photo: Tuoi Tre

 

A newly opened convenient store in downtown Ho Chi Minh City requires no cashiers, as all purchases are done by customers via a mobile wallet app.

Located on Mac Thi Buoi Street in District 1, Toromart is the first unmanned convenient store in the southern hub, developed by Kootoro Services. Continue reading “​First unmanned convenient store opens in Saigon”

Retailers see great opportunities with street food sales

Last update 14:00 | 19/11/2017
VietNamNet Bridge – The Vietnamese street food market, with estimated value of VND47 trillion, is now attracting big food supply chains and retailers.


vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, retailer, street food, F&B sector

The Satrafoods shop run by the Sai Gon Trade Corporation (Satra) in district 10, HCMC, is busiest when school hours finish as it receives students from Tran Nhan Tong School nearby. The students buy sausage, milk tea and ten-ingredient fried rice. Continue reading “Retailers see great opportunities with street food sales”

Battery swapping can propel India’s electric car revolution

Published on Monday, 23 October 2017

Motorists can charge their vehicles automatically in less than a minute with the battery-swapping system.
Motorists can charge their vehicles automatically in less than a minute with the battery-swapping system.

adb.org_Imagine you’re buying a car, and the manufacturer forces you to purchase not only the vehicle itself but also demanded you pay upfront for 10 years worth of fuel. About $25,000 for the car and another $50,000 for the gas. Would you still purchase the car? Absolutely not, unless the gasoline was given at a discount price, right?

Anyone shopping for an electric car could be forgiven for thinking that manufacturers are asking to pay upfront for future energy use. These vehicles are still on average about 35% more expensive than non-electric cars – despite gradually declining battery prices and the promise of practically zero maintenance fees. Continue reading “Battery swapping can propel India’s electric car revolution”

Vietnam is gold mine for int’l express delivery firms

Last update 08:00 | 23/10/2017
VietNamNet Bridge – As Vietnamese favor foreign-made products and are willing to pay more for products they like, international express delivery firms see Vietnam as a fertile land for their business.


vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, express delivery, UPS, WTO

The rapid increase in imports/exports has also helped the development of logistics companies. A GDC (General Department of Customs) report shows that import/export turnover in the first eight months of the year reached $270.91 billion, an increase of 20.9 percent over the same period last year. Continue reading “Vietnam is gold mine for int’l express delivery firms”

Qualified labour lacking in logistics

Vietnamnews

Update: October, 13/2017 – 09:00

The country needs roughly 20,000 high-quality workers meeting professional requirements. — Photo vneconomy.vn

Viet Nam News

HÀ NỘI — Việt Nam’s logistics sector is facing a shortage of high-quality human resources and needs co-operation in training among the Government, universities, businesses and associations.

Speaking on Thursday at a workshop in Hà Nội on upgrading the logistics workforce, deputy head of the Ministry of Industry and Trade’s Department of Export-Import, Trần Thanh Hải, said only 1,300–1,500 out of over 3,000 logistics suppliers work effectively in Việt Nam. Continue reading “Qualified labour lacking in logistics”

Logistics: Out to the world

Last update 15:07 | 10/09/2017

Despite being in its early stages of development, Vietnam’s logistics sector remains on the radar of foreign investors thanks to the country’s skilled workforce, relatively low costs, and rapid e-commerce development. 

Samsung signed an agreement to cooperate with the Minh Phuong Logistics Corporation, one of Vietnam’s leading logistics companies, in July, according to South Korean media, and this was not the first time it has announced an investment in Vietnam’s logistic market.

Broad appeal

Vietnam’s logistics sector, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Samsung said in a statement that it had closed a deal with Minh Phuong to establish a joint enterprise. This is the fourth time Samsung SDS has launched a joint enterprise in order to establish itself in an overseas market, and is the second time in Vietnam. Continue reading “Logistics: Out to the world”

Consumers prefer small convenience stores over giant supermarkets

Last update 13:00 | 02/09/2017

VietNamNet Bridge – Some years ago, analysts predicted that modern distribution channels would develop rapidly in Vietnam as income continued to rise. 

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, retailer, Aeon, Big C

The prediction has been realized, but convenience stores, not large supermarkets, are the favored channel.

Market analysts have found that consumers now prioritize convenience when choosing shops. They are no longer excited about the opening of new hypermarkets as they were in the past, but often prefer to shop at convenience stores near their houses. Continue reading “Consumers prefer small convenience stores over giant supermarkets”

Samsung sets up logistics company as market heats up

Last update 16:00 | 10/08/2017
VietNamNet Bridge – Setting up a logistics joint venture with Minh Phuong, Samsung has shown that it wants to jump into a new business field in Vietnam. But the move may trigger a new war in the domestic logistics market.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Samsung, logistics services, SYK

For the majority of Vietnamese, Samsung means smartphone, TV and washing machine. However, the South Korean investor has been taking steps towards the logistics markets.

Before joining hands with Minh Phuong, Samsung teamed up with ALS, also a logistics company, to manage the goods terminal at Noi Bai Airport, one of the two largest airports in Vietnam.

Samsung’s involvement in the management at the goods terminal at Noi Bai helps Samsung ensure delivery time and smooth operation of the supply chain. Noi Bai is the biggest export portal for Samsung’s electronic exports manufactured at its two factories in Bac Ninh and Thai Nguyen.

Samsung’s involvement in the management at the goods terminal at Noi Bai helps Samsung ensure delivery time and smooth operation of the supply chain. Noi Bai is the biggest export portal for Samsung’s electronic exports manufactured at its two factories in Bac Ninh and Thai Nguyen.

However, the cooperation with Minh Phuong is another story. The owner of the company was once praised by Bloomberg as the ‘logistics Queen’ of Vietnam. To take part in the domestic logistics market, where road transport makes up 65 percent of the market share, joining hands with Minh Phuong was the most efficient choice. Continue reading “Samsung sets up logistics company as market heats up”

As online sales boom, fast-delivery services thrive

 vietnamnet

Last update 12:00 | 01/08/2017
VietNamNet Bridge – Many businesses, from startups to big express delivery firms, have jumped into the market of fast delivery services for online shops.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, delivery, Grab, e-commerce

Giving up a job as a technical official for a television company in HCMC, Tran Tue Man decided to provide a delivery service.

Man is optimistic about the new business after six months of operation. The business he set up has been recruiting new workers as the business is scaling up.

“The fast delivery service market has become very competitive, but it is still a ‘blue ocean’ with great potential,” the founder of ‘Giao hang gia re’ (low-cost delivery) said.

“Many online shops have arisen,” he explained, adding that the number of orders his business receives has increased by 30-50 percent a month.

However, he said 30-50 percent is still a modest growth rate. “If my sale and marketing team expands, a 100-300 percent growth rate will be within reach,” he said.

Many businesses, from startups to big express delivery firms, have jumped into the market of fast delivery services for online shops.

Man said his company plans to launch an app of its own in September. To compete with other delivery services, his company also is providing package services, such as marketing for online shops.

Man’s startup project is one of several delivery service firms which have been booming in the last three years. Continue reading “As online sales boom, fast-delivery services thrive”