According to the e-Commerce White Book 2019 by the Việt Nam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, e-commerce revenue jumped 30 per cent from $6.2 billion in 2017 to $8.06 billion in 2018. E-commerce a fierce competition. According to iPrice’s Map of e-commerce Vietnam for Q3, the largest platform in terms of web traffic is still Shopee. 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.. Malaysia eCommerce: 2020's COVID-19 Economic Overview and ... Ecommerce Vietnam: market share leading e-commerce segments 2020 ... According to the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT), despite negative impacts of COVID-19 in 2020, Vietnam still saw strong growth in e … With numerous government-led initiatives to boost electronic payments, cash transactions in Thailand are expected to fall from the current 90 percent to 50 percent by mid-2020, according to the US Department of Commerce’s International Trade Administration4 (ITA). Thailand Business News5also reported that mobile and internet b… Vietnam is a nation of many mobile users, which has very clear implications for e-commerce businesses. Mobile Money Gains Momentum In Vietnam's Fertile Market Shopee E-commerce in Vietnam 2020 : Viet Nam 21 Sep, 2021. e-commerce market: Benchmark for global retailing Last year, amid the first wave of pandemic lockdowns, every country in the region saw acceleration in ecommerce growth compared with 2019. Vietnam’s e-commerce market is expected to reach 20 per cent growth in the last quarter of this year, according to the Ministry of Industry and Trade (MoIT). The plan aims to get half of the country’s population buying online within five years, which would be a boon for its economy. Altogether, the top three stores account for 10% of online revenue in in Sweden. Vietnam Consumer Retail 2020 - Deloitte As Vietnamese consumers become accustomed to these habits, many of them are likely to become permanent changes in the post-COVID world. Vietnam EC potentiality * Source: e-commerce in SEA / Google, Temasek, Bain and company 0.4 5 23 2015 2019 2025 E-commerce 2.3 4 9 2015 2019 2025 Online travel 0.6 3 7 2015 2019 2025 Online media 0.2 1 4 2015 2019 2025 Ride hauling Billion USD This survey was conducted in Oct 2020 amongst nearly 700 customers those who are shopping online to have an up-to-date understanding on Ecommerce market in Vietnam. According to the Vietnam E-commerce White Book, in 2020, the growth rate of e-commerce reached 18%, the scale reached 11.8 billion USD. Shopee and Vietnamese e-commerce platform Sendo emerged as Vietnam’s top two largest e-commerce platforms by web traffic in the third quarter (Q3) of this year, according to market research company iPrice.. Ikea.com and Amazon.de are in ranks 2 and 3, respectively, with 2020 net sales amounts of €646 million and €555 million. e commerce Top Furniture retailers in Germany’s online market - E ... Although the Covid-19 pandemic has caused serial adverse effects, Vietnamese E-commerce still has vital acceleration steps, becoming one of the fastest-growing e-commerce markets in Southeast Asia. Korea is a connected country; almost 99.5 percent of Korean households have internet access via PC, mobile, or another device. Southeast Asia B2C E-Commerce Market Report 2021: Market ... Although neighboring countries like Indonesia, Singapore, Malaysia, and Thailand are leading the regional e-commerce market, Vietnam has proven to be a rising force to be reckoned with. The top four players on the e-commerce scene are Shopee, Tiki, Lazada, and Sendo. It is followed by netonnet.se with US$366 million revenue and elgiganten.se with US$335 million revenue. Vietnam is also taking initiatives to boost e-commerce sales in the country. In 2020, modern grocery saw a boost of online sales due to the COVID-19 pandemic. In addition, leading e-commerce providers in Vietnam, including Tiki, Shopee, Lazada, Sendo, Foody, etc. 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 … The Philippines and Vietnam will produce somewhat higher growth this year thanks to their smaller bases, but all six countries will decelerate considerably from their 2020 highs. Vietnam Collagen Supplements was valued at USD 116.74 million in 2020 and is projected to witness a CAGR of 6.20 % during the forecast period (2021 - 2026). (Photo: VNA) E-commerce enjoys strong growth. $ 3250 - $ 2600 - Get 20% off now! The ministry estimates that Vietnam’s e-commerce market will generate US$12 billion during the three months to December, providing the presence of Covid-19 remains under control. Domestic online purchases reached $136.5 billion in 2020 up from $116.0 billion in 2019. behaviours. In May 2020, it approved five-year National ECommerce Development Plan for 2021–25. This growth will be higher than the goal stated in the 2016-2020 plan for e-commerce development. Overall, e-commerce will take up 8.1 percent of total retail sales in Vietnam. The forecasted market size of e-commerce logistics for 2020 was at 268.8 million euros. 2019 was a year of many surprises for the Vietnamese e-commerce sector: new ambitious players joining the heated competition, previously formidable companies abruptly leaving the market, and strong positive movements from the big brands. 8 Travel is the most popular merchant segment, accounting for 44 percent of … As we are welcoming a new decade in the 21st century, we can also look forward to a new era for e-commerce in Vietnam. Collectively, these six e-commerce companies accounted for 58 percent of the global e-commerce market. Statista puts the number of Vietnamese ecommerce shoppers even higher. It is Southeast Asia’s third-largest e-commerce market, following Indonesia … The domestic e-commerce market expanded 18% last year to $ 11.8 billion. Frávega. Among them, the top four were Shopee, Lazada, Tiki, and Sendo. iPrice’s report also ranked the most used e-commerce apps in Vietnam in 2019. It is Southeast Asia’s third-largest e-commerce … VIETNAM is one of Asia’s most promising e-commerce markets with profits from e-commerce set to reach US$15 billion this year. e-commerce. DUBLIN, Jan. 9, 2020 /PRNewswire/ -- The " Vietnam B2C E-Commerce Market 2019" report has been added to ResearchAndMarkets.com's offering.. Otto.de is also among the top players when it comes to growth. According to the report e-Conomy SEA … Asia-Pacific's Share of Global Retail E-Commerce Sales, in %, 2020e. 17 March 2020. Source: Digital Report Vietnam 2020 Founded in 2015 by SEA Group and despite having only entered the Vietnamese market in mid-2016, latecomer Shopee has completely taken the lead in the e-commerce race in Vietnam as well as the region. eCommerce Export Education Finding Foreign Markets Legal Considerations Logistics Financial Considerations Product Preparation Trade Agreement Guides Customized Services Services for U.S. Vietnam is laying out a plan to get its citizens purchasing online. Vietnam is one of fastest growth market in E-commerce industry due to the fact that this industry has been improve our daily life … ), and by 2020 the market is expected to be larger than the USA, Japan, the UK, Germany and France combined. Vietnam is regarded as one of the fastest growing e-commerce markets in the world at a rate of 35 percent per year, 2.5 times higher than Japan's. The promising e-commerce market in Vietnam is driven by its young population and high internet/mobile penetration. Vietnam's e-com market expanded by 18% to $11.8 bn in 2020. Shopee came to Vietnam in Q2 2017, but has been rising fast and strong ever since. 5 Quick Stats: Ecommerce in Vietnam. eCommerce Export Education Finding Foreign Markets Legal Considerations Logistics Financial Considerations Product Preparation Trade Agreement Guides Customized Services Services for U.S. With an increase of 51%, the Vietnamese eCommerce market contributed to the worldwide growth rate of 29% in 2020. Vietnamese E-Commerce Market Poised For Strong Growth Selected APAC Markets - E-Commerce Forecasts, USDmn (2020-2025) 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. Vietnam’s e-commerce is drawing near to its ASEAN rivals, with the country ranked 86th in the United Nations E-Government Survey for 2020. Mobile commerce is expected to grow faster than overall e-commerce, at a compound annual growth rate of 18.6 percent to 2023, by which point it will represent a VND235,895.1 billion (US$10.2 billion) market in sales. 12 Vietnam's E-commerce Market To Reach $13.1 Bn In 2020: Study COVID-19 triggered the fear of contamination and has resulted in change in consumer buying behavior By Prabhjeet Bhatla December 10, 2020 Despite the impact of COVID-19 in 2020, Vietnam has achieved strong growth in e-commerce, making it one of the fastest growing e-commerce markets in Southeast Asia. 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. The negative compound annual growth rate (CAGR) of -8.59% is largely due to the coronavirus pandemic. It expects its adjusted revenue in 2020 to be USD 1.7–1.8 billion. Our forecasts indicate that Vietnam’s e-commerce market will grow at a CAGR of 13% between 2020 and 2025, one of the faster-growing markets in APAC that we assess. Looking ahead, this growth is expected to continue at a compound annual growth rate (CAGR) of 15.1 percent to 2023.
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