Vietnam’s online market: Some shut down, others pocket big money

Last update 10:00 | 19/01/2017
VietNamNet Bridge – Many e-commerce floors have opened to great fanfare, while others have shut down quietly.vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, Vietnam net news, Vietnam latest news, Vietnam breaking news, vn news, Lingo, e-commerce, Vecita

The online retail market is considered very attractive with 9 out of 10 Vietnamese consumers having smartphones as shown by a Nielsen report.

Meanwhile, Trang Bui from JLL Vietnam commented that the number of credit card holders is increasing, which is a factor that will change consumer behavior.

However, despite the attractive factors, many online retailers still fail. In August, Lingo.vn suddenly shut down without any notice in advance. Tiếp tục đọc “Vietnam’s online market: Some shut down, others pocket big money”

New generation of ecommerce startups are helping Vietnamese artisans

Vietnamese Graphic

Image: GKTA Group Ltd.

techninasia – In 2009, two years after Vietnam joined the World Trade Organization (WTO), Fashion4Freedom (F4F) was founded by Vietnamese-American LanVy Nguyen to create a socially responsible supply chain for fashion products while at the same time preserving local craft traditions in Vietnam.

Less than six years later, the enterprise has fully established an ethical and scalable model for producing hand-crafted luxury goods—the first in Vietnam. Today, its has full production services, an artisan line, and a market incubator all of which, according to the F4F website, impact “100 villages, co-ops, and workshops.” Tiếp tục đọc “New generation of ecommerce startups are helping Vietnamese artisans”