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From time to time, technology comes up with something new to remind us of how convenient our lives have become. The birth of Uber, a social sharing platform that connects passengers and drivers, is a worthy example of such reminder. Cut out all the details, Uber allows people to travel around in cars not theirs with only smartphones as companions. The idea alone sounds so fantastic that Uber’s dazzling development seems virtually inevitable. The same goes for Grab and DiDi Chuxing – Uber’s greatest followers and also competitors. Uber is operating in 488 cities in the world, Grab is becoming a major force in 650-million-people South East Asia, and DiDi Chuxing has just acquired the very Uber’s China in a $35 billion deal in 2016. Read More “Who will be the final champion? Battle between Taxi companies and Car sharing apps”
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?”
Vietnam is the second largest coffee-exporting country (following Brazil) with its export value reached 1.65 million tons in 2014 (accounting for 14% of world’s coffee export value).
Despite facing with various challenges, the demand for pay TV services in Vietnam continues to grow steadily under the context of rising population and income levels. Read More “PayTV market growth under intensive price competition and copyright infringement issues”
As reported by GfK, Vietnamese sales revenue of smart phones in 2014 reached 6 million units, bringing Vietnam to the third largest market among 7 Southeast Asian countries. Following the rapid spread of smart phones, online activities accordingly have witnessed many changes. According to the survey conducted by the Vietnam E-Commerce and Information Technology Agency (VECITA), in 2014, web traffic from desktop PCs fell from 84% (2010) to 33%, while traffic from mobile devices sharply increased from 27% up to 65%. In addition, 58% of the respondents say they have ever made online purchases, of which 13% purchases are made through mobile applications, doubling when compared to the previous year.
According to Ministry of Industry and Trade’ report, annual food expense by Vietnamese has increased by 5.1% on average and is expected to reach 29.5 billion dollars (300 dollars per capita) in 2016. A survey by Canvassco on how often Vietnamese dine out in 2014 demonstrated 40% saying that they dine out everyday, 37% once a week and 13% once a month. The food service industry has become more and more competitive as Vietnamese consumption keeps increasing. Above all, fast food market draw more attention as it earned up to 1.35 trillion VND in 2014 and its CAGR is reaching 15~20% per year.
According to Vietnam Association of Functional Food (VAFF), Vietnam functional food market reached 650 million USD, ranked 3rd in the ASEAN market. The y-o-y average growth rate of the market is expected to be 20% in the next 10 years. Due to the easy procedures for registration and import, in 2013, the market has nearly 7,000 types of products doubling from 2011, the number of players in the industry also doubled from 2012 to 3,500 companies.
Vietnam Government has announced a master plan on taking the global trend – transitioning to use renewable energy sources.With a hope that as a long-term strategy, this plan will increase the proportion of renewable energy in the total power generation. In 2013, the capacity of wind energy, solar energy, biomass energy are 55MW, 4 MW, and 150 MW respectively; all adding small scale hydropower account for only 3% of the total national electricity generation, however, the plan sets quite high goal targeting to reach 5.6% in 2020 and 9.1% in 2030.
It is more and more popular to have canned food on the dining table. Though the market size of canned food in 2014 remained small with only 670 billion VND (equivalent to 32 million USD), but the growth rate increased by 12.2% compared to the previous year and even higher than the 7.3% growth rate of the entire food industry. Read More “Number of canned food factories with foreign investment on the rise (March 2015)”
In Vietnam, there are about 600 coating manufacturers, among which, there are a total of 30 foreign-invested companies accounting for 65% of the market share, such as Akzo Nobel (Dutch company with biggest share in the global market), PPG Coatings (US corporate with second biggest global market share), Kansai Paint and Nippon Paint (Japanese companies with 9th and 12th global market share), Jotun (Norwich), Hempel (Danish). Read More “Coating market – demand for industrial coating on the rise”