Vietnam’s e-commerce platform raises 51 mln USD from foreign investors
Sen Do Technology JSC, the operator of Sendo online commerce platform, has gained 51 million USD funnelled by investors from Japan, the Republic of Korea and Taiwan (China), including SoftBank Ventures Korea, Daiwa PI Partners and SKS Ventures.
sendo.vn, one of the largest e-commerce platforms of Vietnam (Photo: FPT Corporation)
Hanoi (VNA) – Sen Do TechnologyJSC, the operator of Sendo online commerce platform, has gained 51 million USDfunnelled by investors from Japan, the Republic of Korea a⛦nd Taiwan (China),including SoftBank Ventures Korea, Daiwa PI Partners and SKS Ventures.
Previously, Sen Do secured investment fromFPT Corporation, SBI Holdings of Japan, eContect Asia, BEENEXT and BEENOS. Executive Chairman and Co-Founder of Sen DoNguyen Dac Viet Dung said the newly-raised funding would help the company carryout its business development plans, such as the launch of SenMall – a newelectronic commerce platform. It also plans to turn Senpay digital walletinto a leading financial technology (FinTech) platform in Vietnam. The company has been on its track tosurpass 1 billion USD in merchandise sales through online platform by 2020, asthe annual figure stands at 330 million USD, Dung added. Daniel Kang, Partner and Managing Directorof SoftBank Ventures Korea, said Vietnam’s economy is being driven by stronggrowth in gross domestic product, young population and willingness to adopt technology.He voiced his belief that as the country’s e-commerce holds tremendouspotential, Sen Do’s business model will strongly benefit from that. Launched in 2012, the company currentlyowns sendo.vn, one of the largest e-commerce platforms of Vietnam. The websiteoffers about 10 million products from 300,000 sellers, attracting millions ofcustomers across the country.-VNA
More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their business activities while ensuring cost savings.
Vietnam’s much vaunted digital access and advantages that arise from it could run out of steam unless it is renewed and made more substantial, experts have said.
Vietnam has surpassed Thailand and Malaysia to lead Southeast Asia in terms of e-commerce growth with an annual expansion of more than 30 percent, bringing big opportunities for logistics companies.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
sendo.vn, one of the largest e-commerce platforms of Vietnam (Photo: FPT Corporation) 
