Vietnam E-Commerce Market to Grow at a CAGR of 28% during 2025-2033

E-Commerce Market in Vietnam 2025:

How Big is the Vietnam E-Commerce Industry?

The Vietnam e-commerce market size is projected to exhibit a growth rate (CAGR) of 28% during 2025-2033. The market is rapidly growing, driven by increased internet penetration, rising disposable incomes, strong digital innovation, and global demand.

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Growth Rate (CAGR) 2025-2033: 28%

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Vietnam E-Commerce Market Trends and Drivers:

Vietnam e-commerce market is witnessing strong growth powered by a combination of drivers such as growing internet penetration, greater smartphone penetration, and accelerating urbanization, which are changing consumption patterns and boosting digital trade. In essence, the high penetration of cheap mobile devices and enhanced broadband coverage have provided fertile ground for internet shopping, whereas growing disposable incomes and an expanding middle class have raised purchasing power, leading to consumers turning from physical stores to the internet.

Apart from that, government programs of digital transformation, logistics modernization, and support to small and medium-sized businesses have further spurred the industry's development by creating supportive regulatory environments and infrastructural support. Further, the swift development of social media and digital marketing channels is redefining consumer discovery, comparison, and buying of products online, with influencer marketing and targeted advertising significantly raising brand visibility and consumer engagement.

Also, the introduction of new payment tools like mobile wallets, digital banks, and inclusive fintech platforms has facilitated easier purchase processes with secure and timely transactions that are confident in attracting customers. In addition, progress in logistics and last-mile delivery services, initiated through partnerships among local couriers and international logistics companies, has cut down delivery time and service unreliability, thus strengthening consumers' trust in online purchases. In the same manner, the convergence of more sophisticated technologies such as artificial intelligence, big data analysis, and machine learning is empowering e-commerce sites to provide targeted suggestions, streamline inventory management, and improve overall customer experiences.

Moreover, the growing trend towards cross-border e-commerce is unlocking new market prospects for both domestic and global brands, further diversifying Vietnamese consumers' available product offerings. In addition, increased demand for environmentally friendly and sustainable products is driving product innovation and supply chain practice in the industry. In aggregate, the convergence of digitalisation, government encouragement, technology improvement, and shifting consumer attitudes is setting Vietnam e-commerce market up for sustained long-term expansion, ranking as one of the most vibrant and competitive segments of the region's digital economy.

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Some of the key players are:

• Bach Hoa Xanh Trading Joint Stock Company
• Cellphone S
• FPT Digital Retail Joint Stock Company
• Hoang Ha Construction and Investment Trading Joint Stock Company
• MEDIAMART Vietnam Joint Stock Company
• Sen Do Technology Joint Stock Company

Vietnam E-Commerce Industry Segmentation:

The report has segmented the market into the following categories:

A) Application Insights:

1. B2C E-Commerce

a) Beauty and Personal Care
b) Consumer Electronics
c) Fashion and Apparel
d) Food and Beverage
e) Furniture and Home
f) Others

2. B2B E-Commerce

B) Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

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Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.