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Historic volume and value sizes, company and brand market shares. The company's Digital Market Outlook (DMO) study found that almost 50 million people in Vietnam bought consumer goods online in 2018, spending a combined USD $2.2 billion.. Vietnam's Booming E-Commerce Market - Analysis - Eurasia ... Vietnam to be fastest-growing e-commerce market in Southeast Asia by 2026: Report Font Size: | In the annual SYNC Southeast Asia report which looks at the digital economy in the region, the two big market observers said located in a vibrant part of the world, Vietnam is at the forefront of driving change and seizing opportunities to thrive . Data was collected in July 2019. Social and M-Commerce contribute to B2C E-Commerce growth The smartphone's role in increased online retail sales in Vietnam is reflected in the numbers of shoppers who make purchases through . Mobile connections in Vietnam. E-Commerce, Online Media, Online Travel, Transport & Food, 2015, 2019, 2020e & 2025f E-Commerce Gross Merchandise Value, in USD . Vietnam Express Delivery Services Market (2020-2027) by ... According to experts, trade volume via e-commerce reached $4.07 billion in 2015, hit $5.1 billion in 2016 and $6.2 billion last year. behaviours. Japan E-Commerce | Top 3 Sites, Market Share, and Statistics Download the Southeast Asia's cross-border e-commerce market report (2018-23) now. Among the categories of retailing, grocery and electronic appliance are the largest categories in Vietnam, accounting for more than half of the total retail sales in the country . Global Ecommerce: Stats and Trends to Watch (2021) The Map of E-commerce in Vietnam - iPrice The government's five-year transformation strategy aims to have over half of the 96 million population shopping online by 2025 - a trend only accelerated by the pandemic. The Vietnamese eCommerce market is worth an estimated $173 billion, of which B2C eCommerce businesses selling physical goods, account for about 3.4% or $6 billion. The concept of online entertainment has become prevalent since the rise in internet penetration in Vietnam, owing to the emergence of various websites offering online booking of movie and event tickets as well as . Objective Vietnam is considered the fastest-growing digital economy in the region in which e-commerce is extraordinary dynamic with support from both domestic and foreign investors. Experiencing a rapid growth in the tourism industry, Vietnam could become a regional leader in the coming years. Social media users in Vietnam. In 2015, eCommerce in Vietnam was worth $4 billion, but it is expected to rise 20 percent per year to reach US$10 billion by 2020, according to Vietnam E-Commerce Association. Express delivery service is a quick parcel delivery service for which the customer pays a considerable amount. Shopee (Tencent backed), Lazada (with 83% shares belongs to Alibaba Group), Tiki, and Sendo are the most popular e-commerce platforms in Vietnam. As cited in this report, the most popular E-Commerce websites in the country were Shopee, Tiki and Alibaba-supported Lazada, which had been the leader . Market research company Statista recently published a report about the eCommerce industry analytics in Vietnam. VIETNAM RETAIL SECTOR Market research report provides a in-depth study of industry plyers, market growth, size, share, challenges, standardization, deployment models, trends and cost structure . The Map of E-commerce in Vietnam report published by Iprice Insight, ranks the top 50 Vietnam e-commerce market players based on their average quarterly traffic, mobile application ranking, social media followers and number of staff, using data collected in July. Detailed segmentation of international and local products. 38 The government of the Philippines has also been ramping up efforts to help its unbanked and underbanked population. According to the 2019 Global Digital Report released by We Are Social and Hootsuite in January 2019, an average Vietnamese spends 6 hours and 42 minutes a day online . Yet, Vietnam and its tourism businesses need to combat an important cultural setback if they want to reap the benefits of the country's entrepreneurial spirit and grow tourism in quality as well as in quantity. Social and M-Commerce contribute to B2C E-Commerce growth The smartphone's role in increased online retail sales in Vietnam is reflected in the numbers of shoppers who make purchases through . Content. This report offers latest trends, growth factors, top players etc. Statista puts the number of Vietnamese ecommerce shoppers even higher. Vietnam's fast-growing retail market A fast-growing retail market in the region Modern trade penetration: Potential for growth E-commerce penetration on the rise Key trends to watch: Focus on brands, shift to modern retail formats, consolidation of key players 3. Travel is the most popular merchant segment, accounting for 44 percent of sales in 2019. 6 The average online spend per person is significantly higher in Thailand than in other south-east Asian countries included in our report. ; Facebook maintains a significant share, particularly amongst older users, while across all age groups there has been an increase in confidence when it comes to buying from brands' official websites. MARKET LANDSCAPE • Traditional Trade is still key channel with 1.5M stores, contributing to 87% of FMCG • Modern Trade is booming with store expansion and higher consumer penetration E-COMMERCE • Vietnam has strong foundation for E-commerce to take off with high internet and smartphone penetration • Still humble, ~1% FMCG, growing 30+% The forecasted market size of e-commerce logistics for 2020 was at 268.8 . Some key elements are natural barriers of the Modern Trade development in Vietnam. Some key drivers of e-commerce By 2025, Vietnam's e-commerce market size is expected to be second only to Indonesia in Southeast Asia. The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 38.1% during 2021-2028. Indeed, the rise of e-commerce and digital retail channels in Vietnam is one of the top trends to watch: by 2025, Vietnam's e-commerce market size is expected to be second only to Indonesia in the Southeast Asia region. Boom in e-commerce as pandemic keeps consumers indoors. Vietnam. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects For instance, according to the Vietnam e-commerce and Digital Economy Agency (IDEA), the Vietnamese e-commerce market is expected to reach $23 billion by 2025. Vietnam is considered to be one of the fastest growing eCommerce marketplaces in Southeast Asia with an average annual . The great potential of Vietnam's e-commerce sector can be seen via its enormous expansion, which is predicted to reach US$15 billion in terms of revenue in 2020.31 If the e-commerce market can . Dublin, Oct. 25, 2021 (GLOBE NEWSWIRE) -- The "Vietnam Express Delivery Services Market by Application, End Use, and Destination: Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering. In this report, we explore the drivers of growth in Vietnam's retail sector, and take a look at Henceforth, the market size has grown to 4.4 trillion dong (US $189.8 million) - approximately 18% growth in terms of cumulated revenue, in which the number one position belongs to Family mart, Circle K and B's Mart with 21.4%, 20.7%, and 9.6% market share respectively. Vietnam B2C E-Commerce Market Overview, February 2021Value of B2C E-Commerce, in VND trillion, and Year-on-Year Change, in %, 2019 - 2024fTop 10 E-Commerce Websites of Vietnam, by Number of . The number of social media users in Vietnam increased by 5.7 million (+9.6%) between April 2019 and January 2020. Vietnam is currently working on a new e-commerce policy to ensure that Vietnamese customers are covered under consumer rights laws. Up to 91 percent of the new users in Vietnam said they would continue using e-commerce platforms, even after the pandemic. The Vietnam E-commerce White Paper 2021 by the Department of E-commerce and Digital Economy (Ministry of Industry and Trade) informed that the percentage of people using the Internet, the number of consumers shopping online and B2C e-commerce revenue have increased sharply and continuously in the past 5 years. E-Commerce Market Size Research - Industry Share 2021: Covid-19 Market Scenario, SWOT Analysis, Production and Consumption by Regions, Development Factors and Global Growth Forecast to 2026 . Broad-based shift towards e-commerce 08 Segment analysis 09 Traditional grocery retailers 09 . A study found that Vietnam's e-commerce market is likely to reach US$15 billion by 2025, up from 2.8 billion in 2018. Shopee has become the leading Vietnam e-commerce market player, followed by Lazada and Tiki. The analysts estimated that half of Thailand's e-commerce GMV was already made up of social commerce in 2020, as was 38 . . However, a great e-commerce strategy does not guarantee success. The ICT industry (especially software and services where there is huge potential for increased adoption by enterprises and public sector) is expected to grow tremendously as Vietnam . Vietnam's evolution as an attractive destination for foreign investors 2. According to the Ministry of Economy, Trade and Industry's "Development of Infrastructure for Data-Driven Society in Japan in 2018 (Market Survey on Electronic Commerce)" released on May 16, 2018, the e-commerce market has been expanding steadily. 18 months ago, Dung Dang Anh decided to join Lazada Vietnam, the national arm of Lazada Group, an e . • The report provides a qualitative and quantitative analysis of the current Vietnam Mobile Payment Market trends, forecasts, and market size from 2021 to 2027 to determine new opportunities. Decision Lab's Connected Consumer Report for Q2 2020 confirms the domination of e-commerce platforms in Vietnam's online shopping landscape. COVID-19 has resulted in social distancing across Vietnam, isolating people in . • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and . Market size reached $11.8 billion, accounting for about 5.5% of total retail sales of consumer goods and services nationwide. Reporting from Boston Consulting Group (BCG) in 2013 showed that Vietnam had the fastest-growing . In 2012, the National Assembly passed the Law on Advertisement to prohibit the advertisement of BMS for children under 24 months old, complementary foods for children under six months old, and feeding bottles and pacifiers. E-commerce penetration in the retail sector could triple in the next few years as the pandemic pushes brands to go online and cross-border sales increase, says JD Central, an e-commerce joint . The iMUSE yoghurt & lemon flavoured drink contains lactococcus lactis strain plasma which the firm claims to have immune functionality to fight infectious disease in the country. Vietnam`s e-commerce retail logistics market is valued at EUR90 million (US$103 million) in 2018, and is forecast to experience an average growth of 42% per year till 2022. The arrival of COVID-19 caused Vietnamese e-commerce to accelerate in 2020. Sales of groceries through e-commerce platforms grew by 30% in the 12 months to March 2017, according to the report "The Future of E-commerce in FMCG" by Kantar Worldpanel, published today. In this report, we explore the drivers of growth in Vietnam's retail sector, and take a look at MARKET LANDSCAPE • Traditional Trade is still key channel with 1.5M stores, contributing to 87% of FMCG • Modern Trade is booming with store expansion and higher consumer penetration E-COMMERCE • Vietnam has strong foundation for E-commerce to take off with high internet and smartphone penetration • Still humble, ~1% FMCG, growing 30+% Internet Economy Market Size, in USD billion, by Sector, 2015, 2018e . the World Bank expects their economy to continue to grow in 2021 by 6.6%, however, the number of households reporting a drop . E-Commerce, Online Media, Online Travel, Transport & Food, 2015, 2019, 2020e & 2025f E-Commerce Gross Merchandise Value, in USD . Vietnam EC market 2020 1. Social commerce, especially through Facebook and Facebook Messenger, has also been found to drive the adoption of e-wallet payments 19 in the Philippines, according to a report by PayPal. Looking ahead, this growth is expected to continue at a compound annual growth rate (CAGR) of 15.1 percent to 2023. Consumer electronics is the largest product category in e-commerce by value sales, supported by young . Express delivery service is a quick parcel delivery service for which the customer pays a considerable amount. Thus, Vietnam has been and is becoming one of the rising markets in the e-commerce industry in Southeast Asia. The United States ecommerce market is forecast to reach over $843 billion in 2021, less than a third of China's. After China and the US, the third-largest ecommerce market is the United Kingdom. Hai Yen. Dublin, Oct. 25, 2021 (GLOBE NEWSWIRE) -- The "Vietnam Express Delivery Services Market by Application, End Use, and Destination: Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering. 20 April 2020. The Map of E-Commerce ranks Vietnam's top 50 e-commerce players based on their average quarterly traffic, mobile application ranking, social media followers and number of staff. Indeed, the rise of e-commerce and digital retail channels in Vietnam is one of the top trends to watch: by 2025, Vietnam's e-commerce market size is expected to be second only to Indonesia in the Southeast Asia region.
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