Vietnam eCommerce report 2020 witnessed a skyrocketing rise in the number of online shoppers. Research and Markets. Vietnam's e-commerce to expand 53% in 2021 Vietnam's digital economy is anticipated to reach a value of US$21 billion in 2021, a year-on-year increase of 31% thanks to a 53% growth in e-commerce, according to the e-Conomy SEA 2021 report released by Google, Temasek and Bain & Company. In the past few months, online shopping in Vietnam saw a spike due to the COVID-19 outbreak. In Southeast Asia, Vietnam e-commerce report 2020 is the only country with a double-digit e-commerce growth rate. Desktop/Laptop; Mobile/Tablet . . The report titled "Vietnam Express and E-Commerce Logistics Market Outlook to 2022 - By Air and Ground Express, By Channel (3PL and E-Commerce Merchants), By Intercity and Intracity Orders and By Payment Method (Cash on Delivery and Others)" provides a comprehensive analysis of express and e-commerce logistics services in Vietnam. H NI The Vietnamese e-commerce market is forecast to continue to boom in 2021, with revenue surpassing last year's figure. People are still spending money on shopping, a good sign given the fears that demand would fall during the Covid-19 pandemic, the report, 'Vietnam E-commerce Map', by market research firm iPrice Group . Nguyen and Do (2019) confirmed that Vietnamese e-commerce platforms have enormous potential for development; meanwhile, the ecommerce industry in Vietnam is becoming more competitive. According to Statista, the country's e-commerce sales will be nearing US$32.3 billion by . Vietnam is expected to be the fastest-growing e-commerce market in Southeast Asia by 2026, with e-commerce Gross Merchandise Value (GMV) reaching 56 billion USD by 2026, 4.5 times the estimated . As a result, e-commerce sales in the country are set to grow by 30.3% to reach VND303.6 trillion (US$13.1bn) in 2020, according to GlobalData, a leading data and analytics company. IDC said that by 2023 digital will rule in Southeast Asia, as one in three companies is expected to generate more than 15% of their revenue from digital products and services. Vietnamese people tend to save 11-12% of their income generally. Some of the key highlights: The eCommerce landscape in Vietnam: Getting an overview of how the market is growing. Another report from Google showed that Vietnam 's e-commerce would reach 29 billion USD by 2025 with the growth of 34 percent compared to the figure of 2020. An analysis of GlobalData's E-Commerce . The recent expansion of online retail in Vietnam attracts the attention of merchants prepared to capture a share of the market. Vietnam is expected to be the fastest-growing e-commerce market in Southeast Asia by 2026, with e-commerce Gross Merchandise Value (GMV) reaching 56 billion USD by 2026, 4.5 times the estimated value of 2021, according to a report by Facebook and Bain & Company.. . Vietnam E-Business Index 2020 Report . 17 This represents a significant opportunity for online merc. The annual e-Conomy SEA Report sheds light on the internet economy in the region, covering Indonesia, Malaysia, the Philippines, Singapore, Thailand and 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 until recently. The E-Commerce (Goods) in Vietnam report includes: Analysis of key supply-side and demand trends, Detailed segmentation of international and local products, Historic volume and value sizes, company and brand market shares, Five year forecasts of market trends and market growth, Robust and transparent research methodology, conducted in-country, First; Previous; 1; Next; Last; SEARCH. Leading e-commerce platforms in Vietnam saw bigger demand for groceries, including fresh foodstuffs and beverages, in the second quarter of this year, a market research firm says. The strong growth has created high demand for e-commerce logistics projected to grow at 42 percent every year until 2022. Read more: Vietnam eCommerce is heading for the period 2021 - 2025, Vietnam E-Commerce and Digital Economy Agency, Vietnam E-Commerce Association The value of Vietnam's internet economy is also the highest of the major regional economies, with a gross merchandise . According to a report by Vietnam e-Commerce and Digital Economy Agency (governed by Ministry of Industry and Trade), with 53% of the population shopping online, the e-commerce market in Vietnam grew by 18% in 2020, reaching 11.8 billion USD, which accounted for 5.5% of total retail sales of consumer goods and services. In Vietnam, the internet economy value was as follows: 3 billion U.S. dollars in 2015, 12 billion U.S. dollars in 2019, 14 billion U.S. dollars in 2020, and predicted to gain 52 billion U.S. dollars in 2025. The recent expansion of online retail in Vietnam attracts the attention of merchants prepared to capture a share of the market. 2019 with 33,9 million people which increased by 11,8% compared to 2018 and tripled after three years. Due to national lockdown and ongoing social distancing, many more consumers were doing their shopping online. In Vietnam, e-commerce is on the rise, increasing from roughly 28% in 2017 to nearly half of the population by 2020. A report by the Vit Nam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade showed that with 53 per cent of the population participating in online shopping, the e-commerce market in Vit Nam grew 18 per cent, reaching $11.8 . On June 25, 2007 the Ministry of Home Affairs issued a Decision to establish Vietnam E-commerce Association. Jan 09, 2020, 15:30 ET. You can find the live report in English here. With a score of 61.6 points on a scale of 100, Vietnam did much better than Indonesia (83rd), the Philippines (96th), Laos (101st), Cambodia (117th) and Myanmar (130th), according to the B2C (business-to-consumer) E-commerce Index report . 1. The e-commerce Country Report" eCommerce in Vietnam 2020" forecasts that Vietnam's e-commerce will reach about $8.5 billion in 2024 with a growth of 41.6% compared to 2020. They spend 27-29% of their income on fresh food and fast moving consumer goods (FMCG). MAJOR E-COMMERCE PLATFORMS IN VIETNAM, Starting as an online website for selling books and stationery, Tiki has now become one of the leading e-commerce sites in Vietnam. Lazada.vn - No.1 ecommerce site in Vietnam. 16 However, it is still dwarfed by bricks-and-mortar retail in Vietnam, with e-commerce accounting for just five percent of total retail. The report also covers the overall. A recent report by Vietnam Ministry of Industry and Trade's E-Commerce and Digital Economy Department shows that Vietnam's e-commerce market recorded an estimated value of USD 11.8 billion in 2020, accounting for approximately 5.5 percent of total retail revenue. In the report below you can gain additional insights into the Vietnam Ecommerce and how the Vietnamese shop online. Vietnam is one of the Asia's unexplored markets in terms of the compelling potential in E-Commerce. According to Facebook and Bain & Company's annual Southeast Asia report, Vietnam's e-commerce sales is expected to increase from an estimated $12 billion in . E-Commerce in Vietnam. E-commerce Market, by Business Model Horizontal e-commerce; Vertical e-commerce; E-commerce Market, by Browsing Medium. The arrival of COVID-19 caused Vietnamese e-commerce to accelerate in 2020. According to a report by the Ministry of Industry and Trade's Department of E-commerce and Digital Economy, 53 per cent of the population has joined the online retail market, boosting the growth of Vietnam's e-commerce sector by 18 per cent to $11.8 billion, accounting for 5.5 per cent of the total retail sales. The figures were released on April 20 by the Vietnam E-Commerce Association (VECOM) at the Vietnam Online Business Forum (VOBF) 2021 taking place in Hanoi. The Future of E-Commerce In Vietnam Looks Bright, Vietnam's e-commerce sales reached USD 11.8 billion in 2020, up 18% from the previous year. From 2014 to 2017, the eCommerce market revenue in Vietnam has a steady growth of around 1 billion U.S. dollars. The online shopping categories: Find out if Vietnamese shoppers choose to buy your products online. United Nations claims Vietnam is going to be a huge e-commerce transaction by 2025. Let's take a look at our comprehensive report on Vietnam e-commerce market 2017 to find out the market characteristics, consumer behaviors and challenges as well as opportunities in this industry. According to the IDEA, Vietnam has continuously recorded the strong growth in terms of the rate of internet users and the number of online shopping users and purchase value. March 4, 2022. According to the government's e-commerce development strategy, it expects more than half of Vietnam's population of 96 million people will be shopping online by 2025. New report from this publisher suggests continued. The top ecommerce site in Vietnam has been aggressively promoting in Vietnam since 2010. However, consumer goods generated 38 percent of the country's ecommerce value, with 2018 sales of products like electronics, fashion, toys, and groceries totalling more than US$2.2 billion . The Vietnam E-commerce Report 2019 showed that up to 50 per cent of respondents were dissatisfied with online transactions,34 while another report by the Department of E- commerce and Information . All the data, charts, and insights you need to understand internet, social media, mobile, and e-commerce use in Vietnam in October 2012. Read More Date: 26/04/2021 + Detail . the report titled "vietnam e-commerce market outlook to 2019 - driven by internet penetration and smartphone usage" provides a comprehensive analysis of e-commerce market in vietnam and covers. 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. Hence, many experts assert that the Vietnamese e-commerce market has grown quickly in Southeast Asia presenting new and exciting investment opportunities. Value of online shopping per capita reached 202 USD, up 8.6%. Vietnam's e-commerce market is forecast to reach US$15 billion by 2025. Vietnam's ecommerce market recorded a value of $5 billion in 2019, rising by 81% against 2015, and is forecast to reach a value of $23 billion in 2025. Some key findings include: E-commerce and its growth trajectory during Covid-19. Vietnamese shoppers are familiar with mobile e-commerce. as well as the complete Digital 2011 country reports for Vietnam, Cambodia, and Laos. The Vietnam E Pharmacy Market was valued at USD72.06 million in the year 2021, that may register its growth at a CAGR of 22.85% during the forecast period, 2023-2027, to achieve a market value of . According to a government-approved plan on the development of e-commerce by 2025 released on May 18, revenue from online sales of business-to-consumer e-commerce, known as B2C e-commerce, is set to grow by 25% per year to US$35 billion, accounting for 10% of total goods retail sales and service revenues. However, it boasts one of the higher growth predictions in our study, as a nation of young consumers increasingly turn to digital methods to shop. GuidanceCircular No. Rely on our Market Intelligence platform to get the latest trends on the E-Commerce Industry and anticipate the future of the sector. In the annual SYNC Southeast Asia report which looks at the digital economy in the region, the two big market observers said located . While the industry has its challenges, its growth is promising, with the government keen to remove regulatory hurdles faced by the industry. The penetration of online shopping is higher and tends to increase in years to come. The market size of Vietnam's B2C E-commerce was US$6.2 billion in 2017 and is forecast to continue rising rapidly in the upcoming years. How COVID-19 has changed e-commerce in Vietnam In 2015, an average monthly income of consumers in Hanoi and Ho Chi Minh City was USD700 - 720. This represents a growth of 18 percent against 2019. Vietnam top 10 Ecommerce iPrice have just released their Q4 2019 Ecommerce Report in Vietnamese. Electronics & Media and Fashion are the most significant categories in Vietnamese eCommerce, 29/08/2022, Businesses in Southeast Asia are increasing their stakes in cloud adoption, with Vietnam leading the way with a CAGR of 32% between 2018 to 2023. Moreover, in . The 2016 to 2019 period witnessed strong development of the local e-commerce market, obtaining an annual growth rate of approximately 30%, according to a report compiled by Google, Temasek . Average order value on e-commerce sites rose by 31 percent year-on-year to VND344,000 ($14.83) in the first half of this year, a report said. Vietnamese E-Commerce Industry 2022-2026 View Trends, Analysis and Statistics. As cited in this report, the most popular E-Commerce websites in the . Logo. 10/11/2021 10:08 E-commerce has managed to gain some attention in Vietnam only after 2011. Vietnamese version, English version, The 2021 eCommerce index clearly reflects the distance between localities. Travel purchases made up the majority of total spend (59 percent), with Vietnam's e-travel sector worth close to US$3.5 billion in 2018. Vietnam has jumped three places to 63rd in the latest global e-commerce readiness ranking, faring better than several regional peers, a UN report says. DUBLIN, Jan. 9, 2020 /PRNewswire/ -- The "Vietnam B2C E . One such demand for DX efforts came in the form of the COVID-19 crisis, which brought about a significant change in the way companies function. For the first time ever, Shopee has successfully claimed the title of being the most visited e-commerce marketplace in Vietnam on web, according to iPrice Group's latest report. Photo: Vingroup View > Vietnamese E-Commerce Industry 20222026 193 reports E-Commerce Revenue, E-Commerce Market Share You may also be interested in: B2C E-Commerce in Vietnam: Market Analysis 2012-2019 and Forecasts to 2023. Vietnam's e-commerce market, valued at VND208,962 billion (US$9 billion) in 2019, 1 is dwarfed by the more developed markets included in our report. Vietnam Express and E-Commerce Logistics Market Outlook to 2022 provides a comprehensive analysis of express and e-commerce logistics services in Vietnam. Identify key e-commerce models, segments and key participants Navigate regulatory framework and avoid barriers Vietnam's exceptional e-commerce growth is expected to generate USD 39 billion by 2025, ranking second in the region only after Indonesia, and signifying a threefold growth compared with 2020. News provided by. Dublin, Dec. 09, 2019 (GLOBE NEWSWIRE) -- The "Vietnam B2C E-Commerce Market 2019" report has been added to ResearchAndMarkets.com's offering. One point to mention that the product and technical team of Lazada Southeast Asia are also based in Vietnam due to the relevant talents here. Includes additional context and insights into digital behaviours in Vietnam in late 2012. . Vietnam E-Commerce Association (VECOM) reported that Vietnam's ecommerce market grew at an average annual rate of 30% from 2015 to 2019. Related Current value sales in the year rose by a third in the channel, boosted by the convenience factor as well as lower viral transmission . By then, Vietnam predicts that its e-commerce could be worth US$35bn. Reasons to Invest in Vietnam's E-Commerce Industry . 2. The importance of brand building in sustaining long-term growth. According to a recent report, the Vietnamese e-commerce industry recorded a total value of approximately 11.8 billion USD in 2020, while also registering 18% growth when compared to the same period in 2019. Vietnam E-Business Index 2021 Report . Vietnam E-Business Index 2019 Report . DUBLIN, May 04, 2022--The "Vietnam Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product . This report prepared by YouGov shows a major shift in consumer behaviour, specifically the increase in online purchasing habits and the significant rise of e-wallet users amid the global pandemic. With a meticulous product inspection process and a professional logistics system, Tiki has become Vietnamese consumers' most reliable brand. Vietnam's mobile e-commerce is rapidly growing with an estimated value of US$10.2 billion by 2023, according to 2021 Vietnam Mobile Application Report, conducted by the market research company Appota. Digital Transformation (DX) has been the buzzword around and is now coming to the forefront. More, PUBLICATION, + Detail, Vietnam E-Business Index 2021 Report, Date: 26/04/2021, + Detail, The report titled "Vietnam Express and E-Commerce Logistics Market Outlook to 2022 - By Air and Ground Express, By Channel (3PL and E-Commerce Merchants), By Intercity and Intracity Orders and By Payment Method (Cash on Delivery and Others)" provides a comprehensive analysis of express and e-commerce logistics services in Vietnam. Ratio of online shopping is higher with 17% of frequent buyers. Date: 29/03/2019. The report dives into trends across five leading sectors e-commerce, online media, transport & food, online travel and digital financial services and two nascent sectors . 01/2022/TT-BCTimplements measures regarding the governance and management of e-commerce websites and e-commerce activities accessed by means of mobile applications used in cellphone devices. Thegioididong.com. What is the profile of a typical 'e' commerce shopper? Retail and E-commerce, and Others) The Vietnam express delivery services market is expected to grow from US$ 700.40 million in 2020 to US$ 1,655.96 million by 2028; it is estimated to grow at a CAGR . The company had recently published its latest report on e-commerce in Vietnam, ranking the country's top 50 online shopping platforms. A report by the Vietnam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade showed that with 53 per cent of the population participating in online shopping, the e-commerce market in Vietnam grew 18 per cent, reaching $11.8 billion last year, accounting for 5.5 per cent of total retail sales of consumer goods and. According to recent industry reports, Vietnam's online economy will continue to grow strongly, and be worth US$10 . Behind Shopee were Thegioididong (Vietnam's major mobile phone retail chain), Sendo, Tiki, and Lazada. The COVID-19 pandemic and the subsequent social distancing measures have further accelerated the e-commerce growth. From the goal of developing sustainable e-commerce towards 2025 e-commerce develops evenly and closes the gap between the two central cities, Hanoi and Ho Chi Minh City with the rest of the provinces. eCommerce in Vietnam 2021 Country Report, ecommerceDB Country Report, The eCommerce net sales of the top 100 Vietnamese online stores accounted for about US$2 billion in 2020. VIETNAM E-COMMERCE AND DIGITAL ECONOMY AGENCY . MINISTRY OF INDUSTRY AND TRADE. Scope of the report . The COVID-19 pandemic has given e-commerce a significant boost, pushing numerous firms to go online and luring first-time online buyers. The Map of E-Commerce from iPrice ranks Vietnam 's top 50 e-commerce players based on their average quarterly traffic, mobile application ranking, social media followers and number of staff. Date: 26/04/2020 + Detail . Table 143 Vietnam: E-Commerce Market Size, by Browsing Medium, 2019-2027, (USD Billion) Table 144 Vietnam: Mobile/Tablet E-Commerce Market Size, by Type, 2019-2027 . Vietnam's business to consumer e-commerce market is worth $6.2 billion, 15 and it has been expanding rapidly, growing by 36.6 percent in 2017 alone. In this context, the Vietnam E-Business Index (EBI) 2020 Report not only aims to introduce the result of enterprises survey in 2019 but also to mirror the development of e-commerce from the past to the present as well as to anticipate its status in upcoming trends from now on up to 2025. Vietnam E-commerce Association (VECOM) is a non-governmental organization whose members are businesses, organizations and individuals who directly conduct business by e-commerce; or e-commerce applications in service of production and business activities; or research or provide e . Among one of the fastest-growing internet economies within the Southeast Asian region, Vietnam's e-commerce market value was forecast to reach 39 billion U.S. dollars by 2025, ranking second only. Vietnam E-Commerce Market Future Growth is Expected to be Led by Online Retail market followed by Demand for Travel and Entertainment Services Online: Ken Research. Vietnam: Guidance concerning e-commerce websites and activities; amendments regarding investment, enterprises. Shopee continued to lead as Vietnam's most popular e-commerce platform in the fourth quarter of 2019, with 33.6 million monthly web visits, according to a recent report published by e-commerce aggregator iPrice along with market searchers SimilarWeb and App Annie.. Vietnam's e-commerce sector continued to grow during COVID-19 but there was significant variation in consumer behaviour, with notable differences in spending across platforms and categories, according to Vietnam's State of E-commerce report by YouGov Vietnam. E-COMMERCE WEBSITE SEARCH .
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