VinShop app to digitize 300,000 mom-and-pop shops
The Vingroup has launched a B2B app called VinShop, allowing store owners and retail businesses to get hundreds of products from suppliers in one order within a day. Currently available in more than 20,000 traditional grocery stores in Hanoi and Ho Chi Minh City, the app is connected to VinID, creating Vietnam’s first B2B2C channel. The collaboration between VinShop and VinID is set to revolutionize the traditional retail channel, which accounts for more than 80% of the market share, while reducing the retail price by up to 10%. App users can expect to add more than USD432 to their current monthly income. Vingroup says they aim to reach 300,000 VinShop users by 2022.