Overview

In Vietnam some major local governments like Hanoi, HCMC, and Danang have been expanding the networks of automatic vending machines for the recent 5 years. Originally, the spread of vending machines had been delayed in Vietnam . It is said that the first installment of an automatic vending machine is in September 2016. The purpose to set it up was mainly for overseas tourists who had to pay too much money to the local vendors, not for more convenience for the people. As for the locations of automatic vending machines, it has been mainly in industrial parks where security measures and maintenance systems are easier than on-street installations and in residential areas developed by major real estate developers, therefore there are less opportunity to be recognized in daily life. By 2018, the number of automatic vending machines installed in Hanoi was about 160, which were treated as a test operation.

The size of Vietnam’s e-commerce sector in 2018 was estimated at $8.06 billion, up 30% from the previous year, according to a white paper published by the Department of E-Commerce and Digital Economy of the Ministry of Industry and Trade. The growth rate has been rising dramatically in the past three years, compared to 23% and 24% respectively in 2016 and 2017 (Nhandan, 2019). White Book stated that nearly 39.9 million Vietnamese consumers purchased consumer products online in 2018, contributing $1.2 million of sales of products.

Chain business is a fairly fast-growing model in Vietnam in recent years and many players across different industries have chosen this method to expand their market share. From food and beverages to technology, we have seen lots of giants doing well with this model. As a huge potential market that always has tough competition, pharmaceutical industry cannot stay out of this trend.

Read More “Time for modern pharmaceutical retail chain in Vietnam”

Food Delivery Service has been in business since the 20th century, especially for Chinese cuisine. Since Pizza Hut launched their delivery service in 1994, this market has become a billion-dollar business. However, as in many other sectors, the rise of digital technology is reshaping the market. Food Delivery now can be applied to any kinds of food and the emergence of 3rd party companies providing platform-to-consumer delivery services have made the market even hotter.

Vietnam is not an exception. Vietnam’s revenue in the food delivery market reached USD 146 million in 2018, according to Statista. In particular, the restaurant-to-consumer delivery reached USD 117 million, while platform-to-consumer delivery accounted for USD 32 million, and grew 46% in a year from 2017 to 2018. As a forecast for the future, the overall CAGR in the Vietnamese market from 2017 to 2023 is 28.5%. In comparison, 3rd party services are expected to be 41.6%, and further growth is predicted in the future.

Read More “Third-party delivery service is emerging in food delivery market”

Vietnam is gaining popularity as a travel destination. According to TripAdvisor, Hanoi ranked 15th in the world’s 25 top tourist destination ranking in 2019. As stated in Japan Association of Travel Agents survey, Vietnam is ranked 5th among overseas travel destinations in the summer vacation selected by the Japanese.

On the back of the recent tourism boom, Vietnam’s aviation market has been growing rapidly. According to the Airport Council International (ACI), a non-profit organization representing the world’s airports, Vietnam is expected to be the fastest emerging aviation market in the world in 2017-2040 period. The rest of top 10 include India, Saudi Arabia, the United Arab Emirates, the Philippines, Indonesia, Colombia, Mexico, and Malaysia. Comparing to 2017, the number of passengers in 2018 is estimated at 106 million, increased by 12.9%. ACI also estimated passenger transport would grow by 7.8% annually until 2022.

Read More “The development of airports and airlines to catch Vietnam’s aviation market”

“180 Billion USD Market in 2020”
According to a forecast by the Trade Research Institute (Ministry of Industry and Trade), the retail trade average annual growth rate of Vietnam would reach 11.9% in 2016-2020 period reaching a market size of nearly 180 billion USD in 2020. In particular, the convenience store model is in fierce competition as domestic and foreign investors race to open chains, invest in technology, enhance services to find a firm foothold in the market.

Read More “Explosion of Competition in Vietnam Convenience Store Market 2018”

Read More “Demand for coffee increasing with the expansion of coffee chains”

Read More “What will happen to the fast food market when occupied by two major chains?”

08-11-2014

General Department of Vietnam Customs announced that Vietnamese textile export turnover of 2014 increased by 23.9% compared to the previous year, reaching 24.89 billion USD, prospected to be ranked as the world’s third largest textile exporter. Read More “Developing textile & supporting industries to reach TPP agreement”

06-10-2014

In 2013, 80% of the total consumption was generated from traditional sales channels such as markets and grocery stores. On the other hand, demand for modern sales channels is on the rise, as foreign investment in the market is increasing, the use of convenience stores and mini supermarkets has gradulally become popular. Read More “Promote the competition in convenience store market (Oct 2014)”