Vincommerce halted all sales activities on the Adayroi website from 6pm on December 17

According to this document, Vincommerce General Commercial Services Joint Stock Company is the owner, operator of e-commerce and Adayroi e-commerce applications.

In order to evaluate and restructure the company’s operations in the new development stage, the company’s management decided to suspend all sales activities on the Adayroi website. Vincommerce sends a notice to the vendors at 18h today (December 17), the date of notification, all products and services of suppliers currently trading on the Adayroi website under signed contracts. The agreement between the company and its suppliers will be stopped for sale and distribution to customers.

For goods and services that have been successfully ordered by customers on Adayroi before 18:00 on December 17, they will still be delivered and applied the cancellation, exchange and return policy in accordance with agreements and commitments with suppliers. .

Suppliers need to issue valid financial invoices sold to Adayroi by December 25, 2019 for the company to complete the settlement of liabilities with suppliers, Vincommerce will make full payment. for suppliers within 15 days of settlement (December 31, 2019). After the settlement or no later than January 15, 2020, the contract between the supplier and Vincommerce will automatically terminate and liquidate without any related disputes.

After the announcement of Vincommerce, customers can still place orders successfully on the Adayroi website

Vingroup officially launched the electronic trading platform Adayroi on August 15, 2015 with the goal of making VinEcom a strong competitor of Lazada. In the past three years, despite Shopee, Tiki, Sendo, Thegioididong, Lazada storming the e-commerce market is expected to reach $ 13 billion by 2023, Adayroi is still quite silent and quiet in the ecosystem. Attitude of Vingroup. According to iPrice’s figures, Adayroi’s traffic reached 6-7 million times a quarter, which is not too low, but has been outstripped by other competitors.

Vingroup had a new strategy when it wanted to focus on industry and technology, so it decided to merge Vincommerce, Vinmart and VinEco into MasanConsumer of Masan Group, to create a retail group called Masan Blue. This decision is thought to be win win between the two dollar billionaires of Vietnam, Mr. Pham Nhat Vuong and Nguyen Dang Quang. While Masan still lacks a piece of the distribution system to be able to own the retail chain, serving the ambitions of the meat market and the fast-moving consumer goods market, Vingroup needs a lot of resources to be able to feed the market. owners of cars and technology in Vietnam market. Anyway, the handshake of the two big men still ensures that Vietnam’s retail market is still owned by Vietnamese, not falling into the hands of Thai or Korean people.