E-Commerce platform Buy2Sell has announced the additional investment will expand and develop the online B2B in Vietnam in 2022.
Despite the impact of COVID-19, e-commerce platform Buy2Sell has reported an increase in goods consumption, showing important demand for online shopping in Vietnam.
Buy2Sell sales in the first half of this year have tripled year after year, reaching a total value of $24.5M. The top-selling items are food, cosmetics, home appliances and other FMCG.
Up until Q4 of 2021, the platform has added 60 per cent of its estimated revenue of approximately $28M that has been reinvested into B2B e-commerce development, by allowing local sellers to log in B2B directly on platform instead only foreign suppliers.
In November 2021, Buy2Sell received two consecutive awards, “Top 100 trusted businesses in Vietnam” and “The Famous Brand in Asia Pacific 2021”. From these achievements, and unlike usual start-ups, Buy2Sell is the only platform in Vietnam to grow and develop itself based on its own sales performance rather than external investment. This confirms and reinforces Buy2Sell’s position in Vietnam’s marketplace.
