Photo: Thoibaotaichinhvietnam.vn
Photo: thoibaotaichinhvietnam.vn

According to a first-quarter market report released on April 23 by Mordor Intelligence, Green SM’s share in the app-based taxi segment rose from 51.5 per cent in the fourth quarter of 2025 to just over 54.5 per cent.

The performance extends a trend seen over the past year, during which the Vietnamese electric ride-hailing brand overtook competitors and sustained steady growth, surpassing the 50 per cent threshold in late 2025.

Beyond market share, Green SM also ranked highest in customer satisfaction, while leading in network coverage, trip volume, and average daily revenue.

The report noted that the overall ride-hailing market continued to expand in the first quarter, with gross merchandise value (GMV) reaching $580.71 million, equivalent to 153.26 million trips.

Electric and hybrid vehicle rides accounted for 58.34 per cent of total GMV, highlighting rising demand for green mobility among consumers.

Fluctuations in fuel prices have also put pressure on traditional taxi models, further underscoring the cost advantages of electric vehicles.

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Becoming an early seller on emerging platforms is not just a test, but a strategic move to capture a ‘blue ocean’ before competitors fully recognise the opportunity.

In 2026, Vietnam’s e-commerce landscape is no longer dominated solely by major players. Instead, the market is witnessing the rise of platforms that are smarter, safer, and more personalised.

In this context, joining emerging platforms offers undeniable exclusive advantages.

New e-commerce platforms: ‘Blue ocean’ opportunity or a risk trap for sellers in 2026? (PR)

The primary leverage lies in an ‘absolute priority’ algorithm, where new marketplaces proactively boost visibility for pioneer sellers to build their ecosystem, granting you a central presence without the need for massive keyword bidding budgets.

Simultaneously, ‘dream-tier’ operational costs – featuring preferential commission rates and comprehensive shipping subsidies – present a golden opportunity to optimise profit margins, which are otherwise being eroded by escalating fee pressures on legacy platforms.

Most notably, the distinct value comes from a direct connection with category management teams rather than impersonal automated responses, ensuring that a seller’s voice carries genuine weight in shaping the platform’s core features and policies.

However, not every emerging platform is a guaranteed ‘gold mine’ for businesses. Sellers must remain vigilant against latent risks, primarily the disconnect between technological quality and actual traffic volume.

Without robust marketing solutions to drive user engagement, a storefront can easily become ‘commercially invisible’, losing the opportunity to reach customers despite the platform’s superior technical features.

New e-commerce platforms: ‘Blue ocean’ opportunity or a risk trap for sellers in 2026? (PR)

Furthermore, operational stability is a critical factor; vulnerabilities such as payment glitches, delayed order processing, or fragmented logistics systems can directly tarnish a shop’s reputation.

Most notably, as Vietnam’s personal data protection regulations reach a peak of stringency in 2026, legal compliance and cybersecurity have shifted from being optional to mandatory.

Should an e-commerce platform lack a fortified security infrastructure, sellers risk facing vicarious liability – both legally and reputationally – in the event of a severe data breach.

MuaMau: A strategic ecosystem

MuaMau provides a comprehensive solution for sustainable operations. More than just a marketplace, it sets new standards that help sellers optimise resources and scale their business systematically:

Flexible operating model: Through the MuaMau platform, businesses can choose between a fully managed system to maximise efficiency or a semi-managed model, allowing sellers to maintain control over product quality while reducing operational pressure, minimising manual processes, and saving on labour costs.

Guaranteed traffic support: MuaMau ensures stable traffic, helping sellers eliminate concerns about sales performance in the early stages so they can focus entirely on product quality.

New e-commerce platforms: ‘Blue ocean’ opportunity or a risk trap for sellers in 2026? (PR)

Built-in marketing leverage: The platform integrates tools for connecting with KOLs and running seasonal promotional campaigns, allowing brands to scale effectively without heavy investment in external marketing teams.

New e-commerce platforms are becoming an ‘escape route’ for sellers overwhelmed by rising costs and intense competition. While risks still exist, with a clear mindset and technological agility, this presents a strong opportunity to establish your presence and lead in a new market landscape.

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The Ministry of Finance (MoF) has proposed that all VAT and personal income tax of sellers on e-commerce platforms are deducted as soon as the order is successfully confirmed and paid for.

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In the context of Vietnam’s e-commerce market entering a new phase of development, tightening legal regulations are placing increasing demands for compliance on all stakeholders.

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The government has submitted a draft law on e-commerce to require identity verification of livestream sellers and affiliate marketers through the national digital ID system, aimed to enhance transparency and protect consumers.

VinFast deliveres over 58,000 EVs globally in Q1

VinFast on April 22 announced its preliminary vehicle deliveries for the first quarter of 2026. Accordingly, the Limo Green and the VF 3 were VinFast’s two best-selling models with cumulative deliveries of 12,693 and 11,088 vehicles, respectively.

The carmaker also delivered 8,490 VF 5 vehicles, 7,819 VF 6 vehicles, 5,080 VF 7 vehicles, 3,809 Minio Green vehicles, and 3,741 VF MPV 7 vehicles during the period.

The company also delivered 143,136 e-scooters and e-bikes in the first quarter of 2026, representing a 219 per cent increase on-year. This growth reflects the strong momentum of the green transition and further reinforces VinFast’s solid position and growing influence in Vietnam’s motorbike market.

The company also announced that it will release its financial results for the first quarter of 2026 before market opens on June 8.

At Vingroup’s AGM in Hanoi on April 22, Vingroup chairman and founder Pham Nhat Vuong said that VinFast sets a goal to deliver about 300,000 vehicles globally in 2026, including approximately 200,000 units in Vietnam.

“We are restructuring VinFast’s operations on a global scale. Under the plan, VinFast is expected to begin turning a profit by 2027. In the Vietnamese market, VinFast is already becoming profitable as early as this year,” Vuong said.

For the full year 2025, VinFast delivered 196,919 electric vehicles, representing a 102 per cent increase on-year.

To facilitate its growth, the carmaker continues to expand its overseas footprint in India, Indonesia, and the Philippines. The company has launched new manufacturing facilities in Tamil Nadu and Subang, alongside its new domestic plant in Ha Tinh.

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Vingroup plans to issue up to $350 million in international bonds, with listing documents submitted to the Vienna Stock Exchange.

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The Vietnamese electric vehicle manufacturer formed distribution agreements expanding two-wheeler sales coverage across the archipelago.

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Vietnam’s automotive market ranked as the second‑fastest growing market in ASEAN‑6, according to a report by PwC Vietnam on April 20.