The Recycler
  • Katun web banner December 2022 NEW
  • G&G Masthead August 2024
  • Biuromax Masthead web banner March 2024
  • Ambiente 2025 Masthead

Amazon takes on Alibaba in Vietnam

March 13, 2018

The global online retailer is soon to roll out its e-commerce services in the South-East Asian nation, with the goal of rivalling China’s Alibaba Group Holding, according to the Nikkei Asian Review.

In order to develop its presence in the country, Amazon has formed a collaboration with the Vietnam E-Commerce Association, marking the “first time VECOM has joined hands with an e-commerce player.”

Working with the Association “will enable Amazon to beef up the products available on its platform and allow local small and medium-sized enterprises to sell and export their goods through the platform.”

VECOM’s Chairman, Nguyen Thanh Hung, explained that the Association had had discussions with an Amazon representative in 2017 about the retailer’s plans for expanding into Vietnam.

Amazon will be appearing at the Vietnam Online Business Forum 2018 in Hanoi on 14 March, where it is expected to “reveal the detail of its plans”. The retailer is in direct competition with Alibaba, which entered Vietnam last year and has amassed “tens of thousands of business members” in comparison to Amazon’s current roster of approximately 200.

Alibaba has “also increased its ownership in Lazada Group”, an e-commerce company doing business in South-East Asia, which is “currently the biggest e-tailer in Vietnam, controlling some 30 percent of the country’s online shopping market.”

Vietnam has one of the fastest-growing e-commerce markets in the world, with its e-commerce revenue rising by 23 percent in 2016, “accounting for 3 percent of total retail revenue in the country.”

Over 90 percent of investment in the nation’s e-commerce comes from “foreign sources”.

 

Categories : Around the Industry

Tags : Alibaba Amazon Ecommerce Expansion Vietnam

  • G&G web advert October 2024
  • IR Italiana Web ad January 2021
  • TN Group Oct 2024 Web ad
  • Static Control June 2022 Big & Bold Ad
  • Biuromax web banner July 2024
  • Apex September 2024 Web ad
  • Ink Tank No Web advert
  • GM Technology October 2024
  • Cartridge Web Nov Web Banner
  • PCL Nov Web advert
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • denner UK Web Banner Jul 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • ITP Web ad January 2021
  • Mito Web banner June 2024
  • PCL Nov Web advert
  • Mito Web banner June 2024
  • ITP Web ad January 2021
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • denner UK Web Banner Jul 2024
  • Mito Web banner June 2024
  • PCL Nov Web advert
  • ITP Web ad January 2021
  • denner UK Web Banner Jul 2024
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • CET Web ad December 2023

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark