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. There were 65.00 million social media users in Vietnam in January 2020. Vietnam Freight And Logistics Market | 2021 - 26 ... Travel is the most popular merchant segment, accounting for 44 percent of sales in 2019. Vietnam"s potential convenience store chain, Which has the ... 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 . Mobile connections in Vietnam. 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.. High economic growth, increasing domestic manufacturing, the rise in consumption, and booming e-commerce are some of the key drivers of the Vietnamese freight and logistics market. 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 . Lazada puts pedal to the metal in e-commerce revolution. Internet Economy Market Size, in USD billion, by Categories, incl. Besides difficulties and challenges, Vietnam's logistics industry is facing many opportunities from free trade agreements and the strong development of e-commerce. the World Bank expects their economy to continue to grow in 2021 by 6.6%, however, the number of households reporting a drop . This has translated into a strong market for private institutions and vocational schools and services. 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+% 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. Vietnam's retail market has grown with a CAGR of 12.73% over the past decade, driven by an increasing wealth and disposable income, as well as a growing population. With such strong business background, Uniqlo is going to penetrate Vietnam's retail market by 2019. However, a great e-commerce strategy does not guarantee success. 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. behaviours. Cosmetics Design Asia. • 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. 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. 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. Vietnam was one of the very few countries with an economy that grew in 2020 - by 2.9%. With fierce competition between local and foreign companies, both in traditional retail and e-commerce, here is some information to navigate the market and understand fashion buyers' consumer behaviors. According to a recent report published by Allied Market Research, titled, "Vietnam Mobile Payment Market by Type, Mode of Transaction, End User, Application, and Type of Purchase: Opportunity Analysis and Industry Forecast, 2020-2027," the Vietnam mobile payment market size was valued at $250 billion in 2019, and projected to reach $2,732 billion by 2027, growing at a CAGR of 30.2% from . Data was collected in July 2019. 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. According to the Department of E-Commerce and Digital Economy under the Ministry of Industry and Trade, Vietnam's e-commerce in 2020 increased by 18% - the highest level in the region. Looking ahead, this growth is expected to continue at a compound annual growth rate (CAGR) of 15.1 percent to 2023. Detailed segmentation of international and local products. In 2019, the number of convenience stores in the country reached 1,289, this was an increase of 101 shops compared to 2018. • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and . Vietnam's evolution as an attractive destination for foreign investors 2. 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 . 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. The industry is growing at a CAGR of 16.5%, much lower when compared to neighbors like Indonesia (20.6%), India (24.8%) and the Philippines (21%). E-Commerce, Online Media, Online Travel, Transport & Food, 2015, 2019, 2020e & 2025f E-Commerce Gross Merchandise Value, in USD . 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. 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. 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 . Up to 91 percent of the new users in Vietnam said they would continue using e-commerce platforms, even after the pandemic. Shopee has become the leading Vietnam e-commerce market player, followed by Lazada and Tiki. Social and M-Commerce contribute to B2C E-Commerce growth. Consumer electronics is the largest product category in e-commerce by value sales, supported by young . 2018.3 By 2025, e-commerce is predicted to be worth US$102 billion - making up more than 40 per cent of the total value of the region's internet economy. 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. Express delivery service is a quick parcel delivery service for which the customer pays a considerable amount. E-Commerce, Online Media, Online Travel, Transport & Food, 2015, 2019, 2020e & 2025f . Detailed information about political and social topics . 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 . Q&Me is online market research provided by Asia Plus Inc. Vietnam EC market 2020 Asia Plus Inc. 2. COVID-19 has resulted in social distancing across Vietnam, isolating people in . Internet Economy Market Size, in USD billion, by Categories, incl. 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. 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 . Market size reached $11.8 billion, accounting for about 5.5% of total retail sales of consumer goods and services nationwide. E-Commerce, Online Media, Online Travel, Transport & Food, 2015, 2019, 2020e & 2025f E-Commerce Gross Merchandise Value, in USD . Reference from: mail.agvatechnologies.com,Reference from: getsmartup.com,Reference from: albertkornblitfoundation.com,Reference from: videochannelservices.co,
Bitcoin Near Singapore,
Baumann Auto Group Genoa,
V8 Supercars Calendar 2021,
Whindersson Nunes Tatuagem,
Michael Chiesa Vs Sean Brady,
Isco Arsenal Transfer News,