Vietnamese Tiếng Việt | Saturday, March 17, 2018 | Advertise with Us
Text Size

Investors pour millions of dollars into Vietnamese e-commerce

(0 votes, average 0 out of 5)

The Vietnamese e-commerce segment has become more vibrant due to increasing investments in the past few years.

Investors pour millions of dollars into Vietnamese e-commerce, 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

Lazada ranks first among Vietnam's e-commerce websites


The rate of internet and smartphone usage is increasing, especially in big cities. Vietnam will become one of the hottest e-commerce markets over the world.

According to Nielsen, the annual growth speed of the e-commerce market is 22 per cent and is expected to hit $10 billion by 2022 from the current $4 billion. The Vietnamese e-commerce market shows great potential for development and receives great attention from new investors.

According to MK News of Korea, STIC Investment Inc. will pour approximately $10 million into STIC is an international venture capital firm, incorporated in 1999, with investments in over 360 companies. The firm has grown into a private equity firm handling over $4.2 billion. has just received VND1 trillion ($44 million) from to serve its plans to expand its operations.

Before STIC’s investment, VNG, which is the biggest investor of, held 38 per cent of the shares. To date, has received investment from three investors, including VNG Corporation, (China), and STIC (Korea) with the total investment capital of around $71 million.

Tiki was established in 2010 as a startup e-bookstore but has since diversified to sell phones, tablets, digital devices, electrical appliances, toys, and souvenirs. ranks fourth in the list of the leading e-commerce websites in Vietnam, according to an iPrice report. The added capital from STIC will help Tiki to consolidate its financial capacity to continue competition with heavyweights like Sea’s Shoppee Vietnam and Alibaba’s Lazada Vietnam. 

In June 2017, Chinese e-commerce giant Alibaba injected another $1 billion into Lazada in Southeast Asia, raising its holdings from 51 to 83 per cent and taking its total capital on the company so far to more than $2 billion.



Source: VIR 

Maybe You Also Interesting :

» Interest piqued

Foreign investors are increasingly drawn to the potential Vietnam’s real estate sector holds.

» South Korean investors eye renewable energy sector in Vietnam

Thanks to Vietnam’s issuing incentive policies to lure investment into the renewable energy sector, more and more foreign investors, especially those from...

» Real estate sector expects record FDI in 2018

FDI flows into real estate have been very high so far this year, and a new record is expected to be set this year.

Popular News Categories:

- Asia & Asian  |  EU & Russia  |  America & US

- Facts  |  Urban  |  Faculty  |  Environment

- Business  |  Finance  |  Market Health

- Destination  |  Cuisine  |  Arts Music

- Cinema  |  Soccer  |  Sports  |  IT & Internet

Culture & Tourism:

-> About Vietnam  |  Things To Do

-> Destinations  |  Events Calendar

-> Visa Online  |  Flights & Transport

-> Accomodation  |  Tours & Cruise

-> Find more go to Travel.VN...