While Go-Viet is exuding confidence about shooting to the top of the food delivery sector only a year after starting operations, the coverage of drivers, the brand's age, delivery time, and the satisfaction rate of customers tell a different story. Go-Viet's shining statistics are not better than the rest of the market in key metrics According to the latest report published by market research firm GCOMM, the six most popular online food delivery apps in Vietnam are GrabFood, Now.vn, Go-Food, Lala, Vietnammm, and Lixi. In the context of the fierce competition, Lala had to throw in the towel, admitting that it cannot keep up with Grab’s super app. The company switched to supplying sales solutions for restaurants. Besides, Ahamove transferred into providing transport solutions for e-commerce platforms, promising the fastest delivery time on the market. Lack of drivers breaking dreams A company’s true standing in the market comes from real comparison and independent … [Read more...] about Go Viet trumpets empty claims of leading food delivery?
Food delivery service for 1
Lala, belonging to Scommerce, suddenly disappeared in October 2018 after half a year of operation. In early March, Woowa Brothers from South Korea arrived in Vietnam, announcing the takeover of Vietnam, one of the pioneers in the online food ordering market. Surprisingly, the market, expected to have value of over $38 billion by 2020, according to Euromonitor, is controlled by newcomers, including GrabFood and Go-Food. A survey by Kantar TNS in January 2019 found that GrabFood is now the most commonly used food delivery service in Vietnam with 68 percent of total votes. The second position belongs to Now with 19 percent, and the third to Go-Food with 1 percent. According to Gcomm, a market survey firm, fast delivery is the most important factor for Vietnamese to consider when choosing food ordering apps. Now penetrates deeply into restaurants’ business systems with its order-taking devices. As Now’s devices are installed at restaurants, the devices in the restaurants send … [Read more...] about Food delivery market: veterans retreat, rookies move ahead
VietNamNet Bridge - Grab and Now, which both operate in the food delivery sector, are now competing with Woowa Brothers, a South Korean unicorn valued at $2.6 billion, which has taken over Vietnammm.com. More and more businesses join the food delivery market A unicorn is a privately held startup company valued at over $1 billion. Foodpanda once had a delivery division with 100 workers in Hanoi and HCMC. The division cost the company hundreds of million of dong each month. Later, Foodpanda was sold to Vietnammm because of the cost burden. Vietnammm’s revenue mostly came from orders on the website, about 15-20 percent of value of each order. It did not develop delivery staff of its own because of the high cost. RELATED NEWS Food delivery services poised for boom in Vietnam The battle in the food delivery market still hot Mai Lan … [Read more...] about South Korean unicorn joins Vietnam’s food delivery scene
VietNamNet Bridge - In the fierce competition in the online food ordering market, worth $33 million as estimated by Euromonitor, players need to have good technology but also many delivery people to win. At a big event organized by Go-Viet on December 31, Go-Viet CEO Nguyen Vu Duc said the app has 4 million customers and processes millions of orders each week. “Go-Viet has broken all the world’s records in the growth rate of a new app. In the food delivery sector, we just launched the service one month ago, but we have outstripped long lasting eminent rivals, including the neighbor that everyone knows,” Duc said, referring to Grab. Vietnam is witnessing a boom in the online food delivery market. GCOMM found that 99 percent of surveyed consumers said they use online food ordering service at least 2-3 times a month, while 39 percent use the service 2-3 times a week. Go-Viet and Grab are considered the two major rivals in the app-based service market. Grab has … [Read more...] about Online food ordering market in Vietnam heats up
With the market in its infancy, most if not all food delivery companies are operating in the red to gain market share, Photo: Le Toan At 2pm in Ho Chi Minh City’s District 1, Phuc Long Coffee & Tea House is one of the busiest coffee shops in the neighbourhood. The staff is busy handling orders not only for sit-in customers but mainly for delivery men who will take the plastic cups of iced tea and coffee to thirsty office workers. These young men with scooters and smartphones are guided by the algorithms of Vietnam’s online food delivery services. While still in its infancy in Vietnam, food delivery is one of the fastest-growing segments of the national e-commerce market that has attracted large players like Foody’s Now, Grab’s GrabFood, Go-Viet’s Go-Food, and Takeaway’s Vietnammm. According to the latest study about out-of-home food and beverage (F&B) consumption by market research firm Kantar Worldpanel Vietnam, delivery is emerging as a … [Read more...] about Food delivery race set to last throughout 2019