Is Shopee Vietnam easy to operate? Detailed analysis

Many people want to join Shopee because the platform has a low threshold and there is no deposit or platform usage fee. In addition, new stores are exempt from commission for three months. Someone asked, is it easy to run Shopee Vietnam?

In 2018, Vietnam's GDP growth rate was 7.08%, making it the second fastest growing country in Asia, exceeding my country's 6.6%. In 2019, Vietnam's GDP growth rate was 7.02%.

Obviously, Vietnam's GDP growth rate has exceeded 7% for two consecutive years. In the past 20 years, Vietnam's GDP growth rate has remained above 5%, with rapid and stable economic growth.

However, based on the sales data of all e-commerce platforms in Vietnam, the products that Vietnamese people prefer to buy online are: clothing, beauty products, electronic products, books and office supplies.

In Vietnam, the five major mainstream e-commerce platforms are: Shopee, Lazada, Tiki, Thegioididong and Sendo.

Among these platforms: Shopee is owned by Tencent, Lazada is owned by Alibaba, Tiki has a huge investment from JD.com, and Thegioididong and Sendo are local Vietnamese e-commerce platforms.

These new economic enterprises are mostly distributed in southern Vietnam, centered on Ho Chi Minh City, where Tencent, Alibaba and JD.com have invested.

According to data from iPrice and research firm SameWeb, Shopee was in the leading position in Vietnam throughout 2019, with an average monthly visit volume of 33.6 million, ranking first.

Thegioididong ranks second with an average of 29.28 million visits per month. Sendo ranks third with an average of 26.90 million visits per month. Tiki ranks fourth with an average of 24.43 million visits per month. Lazada ranks fifth with an average of 23.83 million visits per month.

In Southeast Asia, compared with other countries, Vietnam's e-commerce industry has the highest online conversion rate, which is 1.3 times the average conversion rate of Southeast Asian countries; followed by Indonesia and Singapore, with conversion rates both being 1.1 times the average.

The high online conversion rate is a powerful catalyst for capital that is jealous of the Vietnamese e-commerce market. In the Vietnamese market, the giants are competing fiercely and the industry is undergoing a serious reshuffle. Currently, a fixed pattern has not yet been formed, and there is no monopoly.

In general, Shopee Vietnam is better than other sites. Moreover, the GDP growth rate of Vietnam is very fast, and its e-commerce market scale is very large.