Looking for new business opportunities on shopping online in Asia? Get a chance on Vietnam

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There is a real Vietnam’s booming for new perspectives on business development’ opportunities.  It’s time to consider that if relocation of production and supply chain is already growing a lot,  on doing that we are introducing society and workers into new era of consumptions:  the on line sales. Even if we cannot compare the consumers from Vietnam to chinese users for that it could concern skills and experience about do shopping online or access to credi card’s payment methods   (about 35% of population now got complete access to the web and approximately 32 millions of people represent potential market for online sales) we have to admit that the potential of this growing market is really big; in fact big operators from Asia like Rakuten is already investing on promoting their online selling platforms on vietnamese web scenario.

According with Dezan Shira’s research, VECITA ( Vietnam’s E-commerce and Information Technology Agency ) affirms that by 2015, 40-50 percent of the country’s population will be online and will spend around US$150 per capita on e-commerce purchases.

Cause the 73% of users are under 35 years old marketing online is basically focused on specific communication’s strategy that  involves and make young users really interested on promotional campaigns and brand-stories introduced on social networks.

Clothes, shoes and cosmetics represents more than 60 % as most popular categories bought online, followed by technology and electronic products that represent 30% of the whole online sales. About business opportunities for operators on this field for sure we should consider IT companies specialized on online secure – payment’s methods as web developers with particular skills and experiences about creation and management of online stores.

Cause the country seems to lack of skilled labors with experience on such contents the government is investing on internship programs to introduce students in international projects developed in cooperation with big private groups (like Intel for example) with specific purpose to create skilled environment to start boosting these resources in behalf of the e-commerce.

As advisor for business development’s opportunities on eastern asia markets i firmly suggest to operators and investors related with this field to consider approaching Vietnam like market should be discovered as soon as possible to get into fundamentals positions for that will be in the near future new important market for online sales.

That’s why we are intensifying our network of professional cooperations in Vietnam with consulting companies and business mediators that can assist our clients and direct investments during entry market’s crucial step.I think that we should consider that population is already over 90 millions and there’s fast growing middle class there that makes Vietnam an attractive location for businesses.  As we can see in the following graph (cfr research published on Dezan Shira & Associates newsletter about Vietnam) the payment’s method commonly used is still cash after delivery! That really helps us to understand that also the bank system will have crucial role in this revolution for  “modernization of the country” about online shopping and the most important thing is the society is just still starting to think about new perspectives to save money and then to use them for expenditures. Most of the people never thought about the meaning of bank accounts, credit card etc.

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It’s time for operators involved on these key sectors (online marketing, social media communication and strategy, online payments, web developers) to consider Vietnam as new frontier to introduce services for local investors and distributors; the awareness of the importance to build network of cooperation to build up new structure of business is going to become deeper day by day. In Italy i followed personally some training programs for start up companies focused on IT and online sales that were approaching chinese market.

In China as well the revolution has been already boosted from several different frontiers of operative businesses and european’s Know how still represents very important resource for chinese investors, but i think that normative conditions that vietnames government is offering to develop some key sectors are really attractive and should get considered as parallel opportunity beyond chinese dream.

For further info or to introduce your business proposal contact me, we’ll be glad to support you with our partnered team of professionals in Hanoi

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