With the rapidly growing rate of the internet economy, the internet penetration in Vietnam (66% in 2019), and the tremendous support from the Vietnamese government, the tech startup landscape in Vietnam is now bustling than ever. Concurrently, there is a surging inflow of foreign investment more than US$30 Billion. Vietnam has seen the numerous tech startups growing like mushrooms after the rain.
After a decade of focusing on the IT sector, Vietnam has developed a decent IT infrastructure, a substantial ecosystem, and young tech-savvy workforces. The IT industry in Vietnam is now ready to shake up the whole startup landscape.
One of the most lucrative sectors of startups in Vietnam in 2020:
E-commerce
According to Digital Market Outlook (DMO), almost 50 million Vietnamese has purchased consumer goods online with total spending up to US$2.2 Billion in different e-commerce platforms. Vietnam’s e-commerce market size is expected to be US$3,385 Million in 2020.
Shopee (Tencent backed), Lazada (with 83% shares belongs to Alibaba Group), Tiki, and Sendo are the most popular e-commerce platforms in Vietnam. Shopee has the highest ranking in both mobile shopping apps and transactional websites.
Furthermore, the living standards of Vietnamese have increased significantly in recent years, driving the demand for traveling higher, especially in the youth. It has indeed set a new consumer behavior trend in the tech startup scene in Vietnam for the last couple of years. The online purchases made for travel (including accommodation) dominates this sector with almost US$3.5 Billion.
The competition in the e-travel sector is extremely fierce now. Besides the world’s most well-known platforms such as Agoda, Bookings.com, Airbnb, Traveloka, and many more. The local e-travel players have joined such as ivivu.com, Triip.me, and Luxstay continue to compete directly with the market share.
Regardless of robust development, certain barriers might slow the growth rate down.
Only one-third of the 100-million population is living in urban areas (Hanoi, Ho Chi Minh City, Da Nang are the largest cities), while the rest still dispersed across rural areas. The low level of urbanization in Vietnam might be one of the most significant barriers to scale up online retailer platforms in terms of infrastructure and cost.
Cash is still king in Vietnam. The majority of the e-commerce platforms still apply the cash-on-delivery method. Vietnam still experiences a low rate of credit card penetration (1 in 25 adults owns a credit card!).
However, Vietnamese people are the fast adopters of digital payments, such as mobile payment and e-wallets. The year 2019, Vietnam has witnessed a dramatic rise in the fintech industry in Vietnam with about 164 startups, including global players and domestic ones.
About the Fintech industry, we will drill deeper in another post later.
(Source: December 5th, 2019, from Indochina Research)
The below pic shows the e-commerce spend by category
…To be continued
171 Responses
what To say on tinder bio
Vietnam's Startup Landscape in 2020 – ShineBridge
free dating websites for 50
free ladyboy dating
best free russian dating site
free dating sites for adult
free dating sites list
best 100 percent free online dating sites
100 free internet dating
free russian dating sites in the uk
free nerd dating
free pinay dating online
free houston dating site
free affair dating sites
p o f free online dating
keto bars
can you drink wine on a keto diet
keto diet and acne
thai gay dating https://freegaychatnew.com/
anchorage gay dating https://gaychatrooms.org/
first date gay dating tips https://gaychatus.com/
gay dating in high school https://gaychatgay.com/
gay men dating websites https://gayedating.com/
free gay black dating https://dating-gaym.com/
gay leather dating https://gaydatingcanada.com/
gay sex dating https://gayonlinedating.net/
cuba gay dating https://datinggayservices.com/
gay dating sites chicago https://gay-singles-dating.com/
write a persuasive essay https://essayghostwriter.com/
writing essays for college applications https://essaywritercentral.com/
writing an evaluation essay https://essaysnet.com/
write my essay 4 me https://essaytag.com/
writing a essay https://online2casino.com/
write a college essay https://onlinecasinos4me.com/
best online casino to win money https://onlinecasinoad.com/
real cash online casino https://casinosonlinex.com/
bonus casino https://casinoonlinek.com/
essay paper writing services https://student-essay.com/
write an essay about yourself https://dollaressays.com/
writing a literature essay https://multiessay.com/
writing the essay nyu https://essaytodo.com/
writing a reflection essay https://buy1essay.com/
sex games gif https://sexgameszone.com/
hentai sex games
quest sex games https://sexygamess.com/
my little pony games sex https://cybersexgames.net/
online michigan casino https://casinogamesmachines.com/
real casino games online https://conline-casinos-hub.com/
keto reboot https://ketogenicdiets.net/
keto swedish meatballs https://ketogendiet.net/
keto soup recipes https://ketogenicdietinfo.com/
can you drink alcohol on keto https://ketogendiets.com/
writing college essays https://anenglishessay.com/
analytical essay writing https://topessayswriter.com/
writing a narrative essay about yourself https://yoursuperessay.com/
australia essay writing service https://howtowriteessaytips.com/
write a comparison essay https://checkyouressay.com/
bear gay dating sites https://gayprideusa.com/
gay italian dating site https://gayfade.com/
gay dating site adam and adam https://gaysugardaddydatingsites.com/
critical thinking exercise for adults https://criticalthinkingbasics.com/
teaching critical thinking https://criticalthinkinginstitute.com/
importance of critical thinking in nursing https://criticalthinking2020.net/
critical thinking assessment https://uncriticalthinking.com/
free essay writer program https://choosevpn.net/
rhetorical essay https://topvpndeals.net/
cause and effect examples essay https://tjvpn.net/
what is an analytical essay https://thebestvpnpro.com/
essay shark https://vpn4home.com/
abortion argumentative essay https://vpnshroud.com/
personal narrative essay examples https://vpnsrank.com/
this i believe essay https://vpn4torrents.com/
essay editing https://windowsvpns.com/
3putrefaction
2differentiate
westchester gay chat rooms https://bjsgaychatroom.info
curious gay dating https://gaypridee.com
gay dating app for over 50 https://gay-buddies.com
gay dating site out personal custormer service https://gayprideusa.com
gay dating army scam https://speedgaydate.com
what’s the best site for finding a gay dating site for women https://gaysugardaddydatingsites.com
gay phone chat manhole https://bjsgaychatroom.info/
popular gay dating apps https://gaypridee.com/
free gay chat rooms https://gaytgpost.com/
gay massachusetts chat no sign up https://gay-buddies.com/
how to delete surge gay dating profile https://speedgaydate.com/
deal no deal slots https://2-free-slots.com/
lincoln slots https://freeonlneslotmachine.com/
free poker slots https://candylandslotmachine.com/
ruby slots https://pennyslotmachines.org/
hot shot free slots https://slotmachinesworld.com/
luckyland slots https://slotmachinesforum.net/
free slots instant play https://slot-machine-sale.com/
free vegas slots https://beat-slot-machines.com/
igt slots https://download-slot-machines.com/
central vally slots https://411slotmachine.com/
luckyland slots https://www-slotmachines.com/
download scatter slots https://slotmachinegameinfo.com/
liberty university dissertation https://buydissertationhelp.com/
doctoral dissertation writing https://dissertationwriting-service.com/
master’s degree dissertation https://help-with-dissertations.com/
sample dissertation prospectus https://mydissertationwritinghelp.com/
guidelines for dissertation writing https://dissertations-writing.org/
a dissertation https://helpon-doctoral-dissertations.net/
3lunatic
2leeward
paper help https://professionaldissertationwriting.org/
doctoral dissertation help thesis https://professionaldissertationwriting.com/
help with dissertation proposal https://helpwithdissertationwritinglondon.com/
dissertation writing services in usa https://dissertationwritingcenter.com/
dissertation crossword clue https://dissertationhelpexpert.com/
writing help https://accountingdissertationhelp.com/
phd dissertation writing help https://examplesofdissertation.com/
phd thesis vs dissertation https://writing-a-dissertation.net/
phd dissertation https://bestdissertationwritingservice.net/
dissertation vs thesis https://businessdissertationhelp.com/
whats a dissertation https://customdissertationwritinghelp.com/
best dissertation writing https://writingadissertationproposal.com/
paper help https://dissertationhelpspecialist.com/
dissertation proposal example https://dissertationhelperhub.com/
dissertation structure https://customthesiswritingservices.com/
sicheres online casino https://download-casino-slots.com/
mobile online casino https://firstonlinecasino.org/
online casino live https://onlinecasinofortunes.com/
golden nugget casino online https://newlasvegascasinos.com/
best casino online https://trust-online-casino.com/
zone online casino msn https://onlinecasinosdirectory.org/
free bonus without deposit online casino https://9lineslotscasino.com/
firekeepers online casino https://free-online-casinos.net/
pa online casino real money no deposit bonus https://internet-casinos-online.net/
casino online uk https://cybertimeonlinecasino.com/
lucky7 online casino https://1freeslotscasino.com/
online casino sweepstakes https://vrgamescasino.com/
caesar casino online https://casino-online-roulette.com/
best paying online casino https://casino-online-jackpot.com/
nj online casino list https://onlineplayerscasino.com/
most trusted online casino https://ownonlinecasino.com/
stake online casino https://all-online-casino-games.com/
vegas casino online real money https://casino8online.com/
best rated vpn https://freevpnconnection.com/
vpn configuration windows free https://shiva-vpn.com/
vpn service https://freehostingvpn.com/
free vpn app windows https://ippowervpn.net/
small business vpn client https://imfreevpn.net/
best free windows 10 vpn https://superfreevpn.net/
open source vpn https://free-vpn-proxy.com/
best vpn for the money https://rsvpnorthvalley.com/
online dating single https://freephotodating.com/
dating sites without email https://adult-singles-online-dating.com/
online dating sites https://adult-classifieds-online-dating.com/
dating direct https://online-internet-dating.net/
japanese singles dating sites https://speedatingwebsites.com/
personals dating https://datingpersonalsonline.com/
local singles https://wowdatingsites.com/
free single dating service https://lavaonlinedating.com/
top dating websites https://freeadultdatingpasses.com/
senior bi log in https://virtual-online-dating-service.com/
skip the game dating site free search https://zonlinedating.com/
free single dating sites https://onlinedatingservicesecrets.com/
online casino xb777 https://onlinecasinos4me.com/
10 dollar minimum deposit usa online casino https://online2casino.com/
el royale online casino reviews https://casinosonlinex.com/
chat gay chat https://newgaychat.com/
free gay phone chat line https://gaychatcams.net/
dubuque gay chat https://gaychatspots.com/
gay priest chat https://gay-live-chat.net/
gay college chat rooms no cam needed https://chatcongays.com/
top gay chat rooms https://gayphillychat.com/
gay videeo chat https://gaychatnorules.com/
anonymous gay cam chat https://gaymusclechatrooms.com/
gay chat text https://free-gay-sex-chat.com/
cleveland gay chat line numbers https://gayinteracialchat.com/
Comments are closed.