HANOI, Jan 30 (NNN-VNA) – The consumption habits of Vietnamese people are changing, after the COVID-19 pandemic, with many using second-hand products to save money and promote sustainability, local media reported today.
The three most popular categories to sell second-hand items are electronics, home and furniture, and motorcycles, local newspaper, Vietnam News, reported.
The all-time top three most searched keywords for second-hand items are speaker, laptop and TV set, it said.
The consumers in Vietnam are younger and more concerned about the environment and sustainable development, the newspaper reported, citing local experts.
According to a report from Cho Tot, a multi-category platform for second-hand products in Southeast Asia, their users have extended the life cycle of millions of items, including 76.8 million fashion items, 33.9 million electronic products and 11.1 million home and furniture items, over the past decade.
Vietnam’s secondhand market is valued at 1.1 billion U.S. dollars, and there is an increased preference in the country for pre-owned goods, local Tuoi Tre (Youth) newspaper, cited a Redseer Strategy Consultants report.
With more people in Vietnam choosing to buy used products, Cho Tot estimated the second-hand market in the country to reach 5.1 billion U.S. dollars by 2026, the newspaper said.– NNN-VNA
