HA NOI (Biz Hub) — The first e-marketplace in the country since 2005, ChoDienTu.vn, is now the second largest e-commerce website in terms of sales revenue. This fact has shown that local e-commerce players have a unique strategy and in-depth local understanding to counter foreign giants, despite having fewer funds, according to the 2015 e-Commerce report published this week by the Vietnam e-Commerce and Information Technology Agency (www.vecita.gov.vn).

This news has marked the comeback of the earliest e-marketplace in Viet Nam since 2005, which has been silent in recent years.

ChoDienTu.vn is owned by PeaceTech joint stock company, a subsidiary of the PeaceSoft-group joint venture with eBay and majority-controlled by Vietnamese veteran technopreneurs.— VNS