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By 20th April 2020, more than 200 countries have been fighting against COVID-19 outbreak, with most countries applied nationwide closures (Source: WHO). This incident has heavily impacted more than one billion students, or over 90% of the world’s student population according to UNESCO’s estimation. Facing this unprecedented event, governments, schools, teachers and students have found ways to stay positive for education and keep learning. The most widely used alternative form of on campus study during this time of uncertainty is online learning.
The development of Vietnam non-public higher education sector has been performing well in the recent years. With appealing revenue and profit, there are both increased numbers in students and schools. Despite all the growth in the market, there are still targets set by government that have not been met, indicating the potential is still high for the years to come.
According to GSO, their GDP per capita was increased to USD 2,587 in 2018, raised 8.3% over 2017. Along with that, Vietnam healthcare expenditure per capita has increased over the years, in 2016 it reached around USD 123, increased 5% comparing to 2015 and 38% compared to 2011. This expenditure also accounted for 5.66% of the GDP. Besides, up to May 2019, the number of people participating in public health insurance has reached a rate of 89% of the population, exceeding 2.2% over the Government’s goal. Those indexes may indicate that the citizens’ awareness of health has increased.
“50 Million USD Market”
E-Learning had arrived late, but is blooming fast in Vietnam. In 2015, the country’s E-learning market size was estimated at 50 million USD, quite modest for a country of over 90 million people.
However, its annual growth rate is believed to be around 40% for the period between 2013 and 2018, which is simply enormous and indicating how huge E-learning in Vietnam can become.
Upto August 2017, there are a total of 150 start-ups in the field, notably 80% of which were established after January 2016. Contents offered by E-learning sites are various, but there emerge three major groups:
“Foreign language is the most popular subject”
Read More “E-learning in Vietnam”
Vietnamese Lifestyle Survey Report 2016
Research Description: We conducted survey by using our consumer panel (Bean Survey) to find out Vietnamese consumers lifestyle
|Topic||Vietnamese lifestyle in general|
|Objective||Understand general activities of Vietnamese people and differences in behavior based on factors of location, gender, age and household income|
|Research methodology||Online survey|
|Timeline||September 11th, 2015 to October 30th, 2015|
|Questionnaires||15 questions, in which|
•6 main questions related to the topic to understand about:
– Activities participation
– The most attractive promotions
– Product or service advertisement
– Evaluation on advertising channels
•9 questions related to respondents information
Key Findings of this survey:
|1||Activities participation||•Most participated activities were going to a coffee shop or a shopping mall|
|2||The most attractive promotions||•Price off / cash discounts is always the most attractive promotional activities, regardless of gender, location or age|
|3||Product or service advertisement||•Almost all people want to receive useful messages about products or service or don’t mind. Among them, In-store promotion/product demonstrations is the most preferred choice|
|4||Advertising channels evaluation||•「Television」 is considered as trustworthy and carries helpful advertising channel, 「Internet」 is the most enjoyable/ entertaining/ pleasing channel while 「SMS messaging」 is the most intrusive channel|
Internal report for Vietnamese Lifestyle Survey Report 2016 is available from here
“6.15 Million 0-3 years old babies”
Asia-Pacific has been a major market for baby care products. In 2015, the region accounted for 49% value sales of baby food globally ($14.7bn/$30bn), and 23% value sales of diapers globally ($6.7bn/$29bn).
Read More “Baby care product in Vietnam”
The demand among Vietnamese medical service market is increasing in the context of a developing economy and an aging society. Read More “Will the expansion of medical service market result in the development of private sector?”
1. Project Overview
The cross-regional “Brand Asia 2014” project is led by Nikkei BP Consulting aiming to evaluate among different region, major brands’ overall strengths, measure image trends, analyze customers’ perceptions and other factors that has influence on brands’ performances. It was conducted in 27 large cities of 12 Asia countries from December 2013 to January 2014 by 3 data collection methods: Internet survey, Street catch and Telephone. Within 100 researched brands, 60 global brands are commonly selected for 12 countries and divided into 10 industries: 1)IT/Electronic (IT/Electronic), 2) Food/Drink, 3) Internet-related, 4) Sporting good (Sporting), 5) Automaker, 6) fast-moving consumer goods (FMCG), 7) Restaurant, 8) Finance, 9) Clothing/Fashion items (Clothing) and 10) Diversified. The rest 40 local brands are differently selected by particular country (some of them may be international brands).
2. Key report issues
“Brand Asia Vietnam 2014” report analyzes data collected from “Brand Asia 2014” project serving 2 main objectives:
– To analyze, evaluates and compares average industry strength and brand strength of major industries and brands in Vietnam and different country groups on various factors including performance, brand awareness, image, quality and most popular media channels.
– To present the results and analysis in the manner which support and facilitate marketing, investment as well as other insight research activities about brand strengths and characteristics.
3. Key findings
a. Industry awareness highly differentiates between developed group (Group A) and developing group (Group B)
Country group is classified based on national economic indicator GDP per capita. Group A includes Taiwan, Korea, Japan and Singapore. Group B incudes Myanmar, India, Vietnam, Indonesia, Thailand, China, Malaysia and Turkey. From the result, brands in Group A generally have far better brand awareness then they do in Group B especially in Restaurant and Clothing industries. Brand awareness in Vietnam is significantly lower than other countries in Group B in which Finance and Clothing are two industries showing widest gaps.
b. TV is the most popular channel to advertise products in researched countries
TV continues to be the most important advertising and media source providing customers with information about most of researched brands and industries in not only Vietnam but also other researched countries. While website is a second popular advertising channel in half number of researched countries, it ranks third in Vietnam. However, this channel as well as SNS (Social Network Service) is increasing its importance to brands’ marketing strategies due to rapid growth in access rate of young users thus promising a new customer approaching method.
c. Foreign brands seem to continue their dominance in Vietnam
Foreign brands continue to dominate the market with 8 brands in top 10 while there are only 2 representatives from the local group. Despite score loss, Honda increases 1 position from 2013 and become leading brand with highest overall score. Apple and Microsoft have made giant step to position in top ten overall score list in 2014. The two local brands suffered serious ranking declined when Vinamilk fails to maintain its presence in top three and Trung Nguyen decrease its position to bottom stage
4. Table content
|1.||About The Project and Report|
|2.1.||Difference by country groups|
|2.2.||Difference between Vietnam & Other developing countries|
|2.3.||Industry in Vietnam|
|3.||Brands in Vietnam|
4. Further Information
This report is completed on March, 2015 that covers information of the previous year. As the first Japanese market research firm in Vietnam, we understand business context and win customers’ trust by providing:
To purchase the full report, please register and specify your requirements at here, or contact us via (84) 4 3978 5165 or (84) 8 3910 391
B&Company’s pleased to be consultant and bridge for the success of cooperation between Vietnamese and Japanese in an establishment of Automatic Parking PNT enterprise.
The word“PNT” is a combined abbreviation of 3 first characters of the 3 parties’ name in the joint venture including Petrolimex Construction JSC No.1, Nissei Build Asia Pte. Ltd and Tamada Industries, Inc. The signing ceremony happened on Dec 20 2014 at PCC-1 conventional center with witnesses of Mr. Trinh Tran – Representative of Board director – President of Petrolimex Corp and other departmental leaders of Petrolimex and PCC-1.
Representatives of 3 parties in PNT Autxo Parking JSC Join Venture
Apart from above participants, B&Company Vietnam also has North office representative giving speeches during the ceremony. B&Company has been providing consulting service for founders in regard of policy, legislative procedures advice and other related issues.
B&Company Vietnam gives speech at the signing ceremony
At the ceremony, Nissei Inc also brings and introduces some of successful samples of auto parking solutions in Japan with more than 1,400 lots capable of up to 50,000 vehicles. Manufacturing plants are expected to locate at PCC1 factories in Hung Yen and HCM city, meeting increasingly high parking demands in Vietnam’s two largest cities as well as supplying for other needed provinces.
Although the auto parking technology has become popular in some Southeast Asia countries, it is still quite new to such country like Vietnam. This is seen a critically huge project with advanced equipment from Japan and is expected to solve the issues of parking lot shortage in large cities in near future when the demand for vehicle is keeping increased.
For details on the survey and report, please contact B&Company Vietnam.