Around 44.8 million people, or nearly 50% of Vietnam's population, shopped online last year, according to the latest e-commerce report conducted by the Vietnam ecommerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade (MoIT).
iDEA also pointed out that 77% of Internet users, mostly between 18 and 25 years old, shopped online at least once in 2019, most of whom accessed online shops through mobile devices.
Online sales platforms reported a 57% year-on-year rise in sales in 2019 compared to 36% in 2018
The Vietnamese e-commerce industry is expected to continue to grow by 25% per year to US$35 billion in 2025 with more than half of the population shopping online.
Average spending for online shopping would be about US$600 per person a year.
Vietnam is one of Asia’s fastest growing ecommerce markets, however most international retailers are finding it difficult to break into because of high international shipping costs to Vietnam from their respective countries.
International ecommerce Retailers need to identify a local Vietnamese Warehouse & Fulfilment Partner which will bring down their freight costs, and receive and warehouse their shipped goods.
If International Displayers at one of Vietmarkets Expos also desire to increase their ecommerce sales to Vietnam, our team will identify on your behalf a number of Low Cost Warehousing & Fulfilment options for your consideration.
Last mile or to-door delivery costs are very cheap in Vietnam, starting at about US$1 for 200grams nation wide. This price includes the courier collecting the money at the door upon delivery, and depositing it into your account.
Furthermore, local ecommerce sites such as Lazada and Shopee are very easy ways for international ecommerce companies to promote their product ranges across Vietnam.
Hence after establishing a relationship with a low cost warehouse & fulfilment center and deciding on the best vehicle to promote your product ranges in Vietnam, any international ecommerce sales company, could quite easily grow their ecommerce business in Vietnam dramatically, and take advantage of this very fast growing industry sector.