Comprehensive Analysis of Temu's Market Entry in Vietnam: An MBA Perspective and Competitive Strategies
Vietnam's E-commerce Market and Temu's Positioning Vietnam's E-commerce Market Overview Vietnam is one of the fastest-growing e-commerce markets in Southeast Asia, with projected revenue expected to reach $39 billion by 2025 . The country benefits from a young, tech-savvy population and high smartphone and internet penetration, with over 70% of the population connected to the internet. However, the market is highly competitive , with established players like Shopee, Lazada, Tiki , and Sendo dominating with aggressive marketing strategies and fast delivery services. Temu’s Strategy and Entry into Vietnam Temu, owned by PDD Holdings —the parent company of Pinduoduo, is known for its low-cost strategy and group buying model . Following its success in the U.S. and European markets , Temu has expanded into Vietnam to capture the growing demand for online shopping. Temu not only targets urban consumers but also rural markets , leveraging its affordable product offerings and...