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Nielsen: Vietnam’s E-Commerce May Reach 10 Billion USD

December 24, 2018 by ANT Consulting Co.

According to the forecast of Nielsen Vietnam, with the growth of up to 22% per year, the scale of Vietnam’s e-commerce market can reach 10 billion USD by the end of 2020.

According to research of Nielsen Vietnam, 60% of online shoppers are women and 40% are men. Age of online shoppers from 25 – 29 years old accounts for 55%. Most online shoppers are single people, 55% of online shoppers are office workers using online shopping services. Currently, 35.8 million people use internet connection, the annual increase is 11%.

The Government is supporting a lot to develop e-commerce in Vietnam. Specifically, the Government want to improve logistics and transportation services better by 2025. With the growth of up to 22% per year, the scale of Vietnam’s e-commerce market can reach 10 billion USD by the end of 2020.

However, consumers are still psychologically afraid to buy products online because of fears that products are not as they want when they receive the goods, or they want to touch and test the products… These are the barriers of e-commerce in Vietnam. The future of e-commerce in Vietnam is still available but not growing steadily. Therefore, enterprises need to know whether consumers are willing to buy more or not to have an appropriate investment strategy.

Moreover, very few people buy goods without cash. Specifically, up to 76% of consumers who buy products online when receiving goods are paid in cash. However, this number is expected to decrease from 76% to 66% in the future. So which method will increase? That is the use of debit or credit card payments increased from 29% to 36%; using money transfer to purchase goods also increased from 30% – 33%.

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How ANT Consulting Could Help Your Business?

Please click here to learn more about ANT Consulting or contact our lawyers and consultants in Vietnam for advice via email ant@ slots online www.apartmani-katica.com or call our office at +84 28 730 86 529

Summary
Nielsen: Vietnam's E-Commerce May Reach 10 Billion USD
Article Name
Nielsen: Vietnam's E-Commerce May Reach 10 Billion USD
Description
According to the forecast of Nielsen Vietnam, with the growth of up to 22% per year, the scale of e-commerce in Vietnam can reach 10 billion USD by the end of 2020

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How We Could Help Your Business?

ANT Consulting is here to assist you from the outset; providing intelligence, information, advisory, management or support services that assist market entrance, and ensure efficient business operation.

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows. ?We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.

ANT Consulting’s team comprises of professionals with experience and qualifications in MBA, CPA, ACCA, and lawyer practising certificates.

We are committed to what we do to assist clients achieving their results efficiently and profitably leveraging on skills and expertise of internationally trained consultants and lawyers with both corporate office and on-the-field experience from multinational and local companies, and an understanding of processes and procedures of local government bodies.

Update

  • Da Nang Calls for Investment in 60 Projects in 2019 February 12, 2019
  • US and North Korea Leaders Will Meet in Hanoi, Vietnam February 11, 2019
  • FDI into Vietnam Increased Sharply in January 2019 February 11, 2019
  • Vietnam – Singapore Industrial Park Company Limited (VSIP) Surveyed Investment in Quang Tri January 23, 2019
  • KMH Group – Korea Proposed to Invest in Developing High-Tech Industrial Cluster in Thua Thien Hue January 21, 2019
  • Solar Power Projects Appear More and More in The Central Region: Foreign Contractors Take Advantage January 18, 2019
  • KABUL Group (Korea) Wants to Invest in Building International Hospital in Bac Ninh January 17, 2019
  • Quang Tri: Revenue of FDI Projects Reaches More Than 42 Million USD January 8, 2019

Overview

ANT Consulting was founded by experienced and internationally trained professionals.

We offer a unique service; combining the strength of business acumen with legal experience and the comprehensive understanding of local cultures as we assist clients to achieve the best results.

The services could be tailored to meet sophisticated clients’ requirements. We strive for integrity, professionalism, accountability and long-term relationship.

Let ANT Consulting help your business in Vietnam

Contact Us

We are centrally located in Ho Chi Minh City, Hanoi and Da Nang.

ANT Consulting HCMC

7th Floor, Me Linh Point Tower,
2 Ngo Duc Ke Str., Dist. 1, HCMC

ANT Consulting Ha Noi

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