ShopBack launches officially in Việt Nam

August 08, 2020 - 07:00

The Asia Pacific region’s leading rewards and discovery platform ShopBack will launch its website and mobile app in Việt Nam today (August 8).

HCM CITY – The Asia Pacific region’s leading rewards and discovery platform ShopBack will launch its website and mobile app in Việt Nam today (August 8).

It launched in Beta at the end of 2019, and has since acquired over 150 merchants and around 800,000 users. It has given back VNĐ4 billion so far.

Customers can earn up to 25 per cent cash back from the company’s list of over 150 merchants including Lazada, Shopee, Watsons, Booking.com, Klook, 7-Eleven, Tiki, Sendo, Juno, G Kitchen, Vascara, and Fahasa.

ShopBack rewards its users by returning cash back for a wide range of categories like general merchandise, travel booking, fashion, health and beauty, groceries, and food delivery.

As part of its launch, it will team up with selected merchant partners like Lazada, G-kitchen, Watsons, Shopee, Booking.com, and Klook to offer deals in which users can earn up to 100 per cent cash back during two flash sales.

“At ShopBack, one of our six core values is ‘Never Ending Customer Obsession’, and we hope to bring the high-quality ShopBack experience that our users know and love to Vietnamese consumers,” Josephine Chow, the company’s head of expansion, said.

“The increasing number of internet users, rising internet penetration, and steady increase in e-commerce’s share of total retail sales in Việt Nam makes it a core and high-potential market for us.”

Founded in 2014, ShopBack now serves over 20 million users in nine markets across the Asia Pacific, the others being Singapore, Malaysia, the Philippines, Indonesia, Taiwan, Thailand, Australia, and South Korea. – VNS

Trà Vinh helps businesses increase trade, exploit FTAs

Economy

Việt Nam promotes coconut exports, enhances industry value

Economy

Catalysing Việt Nam's green future: EU's role in Cần Thơ, Trà Vinh's energy transition

Economy

Transition to sustainability an urgent task: policymakers

Economy

Việt Nam needs $14 billion to develop EV charging stations

Economy

Incentive mechanisms needed for semiconductor industry: PM

More on this story

Economy

Shares struggles to advance amid international tensions

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.17 per cent to end at 841.46 points, extending its rally for a fifth day with total growth of nearly 5.40 per cent.

Economy

Việt Nam exports nearly 4m tonnes of rice in seven months

Export volume fell 1.4 per cent but increased by 10.9 per cent in value over the same period last year.

Economy

Derivatives market sees liquidity rise in July

Transactions on the derivatives market in July increased compared to June with average trading volume up by 18.59 per cent to about 212,623 contracts per session, according to statistics from the Hà Nội Stock Exchange (HNX).

Economy

Central bank cuts reserve interest rate to aid the economy

The SBV said the adjustment was made based on macro-economic developments and the level of interest rates in the market.

Economy

Vietnamese consumers became the most avid savers globally

Việt Nam topped the world in terms of having the most avid savers with 72 per cent, followed by Hong Kong (68 per cent) and Singapore (65 per cent), according to the Conference Board Global Consumer Confidence Survey released this week.

Economy

VNPT to sell stakes in three companies

The firms are Baclieu Telecommunication Construction & Investment JSC, Dongthap Telecommunication Investment And Construction JSC and Camau Post-telecoms Assemblage And Services JSC.

Economy

OCB gets loan from Work Bank affiliate to support small businesses

Orient Commercial Joint Stock Bank (OCB) has received a US$40 million loan from the IFC, a member of the World Bank, to support small and medium-sized enterprises affected by the COVID-19 pandemic.

Economy

Cashew nut exports up 1 per cent in H1

Despite the difficulties posed by the Covid-19 pandemic, Việt Nam’s cashew exports in the first half of the year increased by 16 per cent in volume year-on-year and 1 per cent in value to 232,000 tonnes and nearly US$1.53 billion, according to the Việt Nam Cashew Association (VINACAS).

Economy

Ministry leaders discuss action plan to implement EVFTA

Vietnamese enterprises have been urged to renovate their business strategies if they want to benefit from the EU-Việt Nam Free Trade Agreement (EVFTA), especially after the country opens the market for goods, services and investment to EU partners, forcing compel local businesses to compete directly with foreign peers at home.