Vietnam - Digital River - EN

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Vietnam *

Accelerate your revenue with a new audience of customers throughout Vietnam - without friction or complexity.

*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.

Why Sell into Vietnam?

Vietnam’s ecommerce market was worth $5 billion in 2019, rising by 81% in 2015, and is predicted to reach $23 billion in 2025. Driving Vietnam’s ecommerce growth are progressive government policies, increased middle-income, tech-savvy consumers, and fast-growing internet usage. Online merchants would be wise to consider Vietnam for revenue growth as there is still room for internet access and online shopping to grow.

Revenue in the ecommerce market is projected to reach $6 million in 2020 and expected to show an annual growth rate of 7.7%, resulting in a projected market volume of $8.7 million by 2025. The market’s largest segment is electronics and media with a projected market volume of $1.6 million in 2020.

Processing Currency
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.

VND

Available Product Categories
Digital River can support the sales of these types of products for this specific market.

Digital


Where can companies sell into Vietnam from?


Popular payment types in Vietnam

Cards are the most popular payment method in Vietnam, used for 34% of transactions. Digital wallets like Apple Pay and Google Pay are predicted to be the faster-growing payment method, increasing by 28% by 2021.

Southeast Asia was already a fintech and an ecommerce hub, but 2020 has seen a resounding increase in the speed with which the region accelerated toward online payments in ecommerce, riding the trend created by the Covid-19 pandemic swiftly into establishing a cashless society as the new norm.


Available payment types for Vietnam
The list below represents the current categories of payment options Digital River supports for this market.


Payment methods for Vietnam


Fulfillment details for Vietnam

Cross-Border Fulfillment: Landed Cost is Available.

Calculation of duties and fees incurred when goods are shipped cross border.


In-Country Fulfillment: Not available

eCommerce facts and figures
$261.9B GDP 96M Total Population 70% Internet Usage

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