E- and M-Commerce and Payment Sector Development in Vietnam

This study investigates the state of the electronic (e) and mobile (m)-commerce sector in Vietnam and its impact on the development of cashless payments and online financial services. The e- and m-commerce sector in Vietnam is growing organically....

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Main Author: International Finance Corporation
Format: Report
Language:English
en_US
Published: International Finance Corporation, Washington, DC 2017
Subjects:
Online Access:http://hdl.handle.net/10986/26113
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spelling bancomundial10986-261132017-12-13T12:22:16Z E- and M-Commerce and Payment Sector Development in Vietnam International Finance Corporation FINANCE REGULATION e-commerce mobile money digital finance online transactions industry outlook This study investigates the state of the electronic (e) and mobile (m)-commerce sector in Vietnam and its impact on the development of cashless payments and online financial services. The e- and m-commerce sector in Vietnam is growing organically. Although still immature and small in volume, advances in the region suggest that the sector will continue to expand and that investment is increasing in startups involved in payments, FinTech, third party logistics, and software aiming to support development. Vietnam has one of the fastest growing economies globally and the World Bank estimates that its GDP per capital will double in the next decade. It is one of the most populous countries in South East Asia with a majority of its inhabitants under 30. The rest of this document is structured as follows: Section two provides a short overview of the research conducted with end users and clients of e- and m-commerce firms; Section three describes the company survey methodology and the survey population of e-and m-commerce and support service firms; Section four presents the results from the survey including findings about payment acceptance and usage by e-and m-commerce firms and their clients as well as the business of payments and related services and logistics providers supporting the industry in Vietnam; and Section five provides key conclusions. The Annex to this report contains information about the surveyed companies, questionnaires and a snap shot of the front running firms and investors that are active in this market segment. 2017-02-22T15:41:56Z 2017-02-22T15:41:56Z 2014-12 Report http://hdl.handle.net/10986/26113 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank International Finance Corporation, Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work East Asia and Pacific Vietnam
institution Banco Mundial
collection DSpace
language English
en_US
topic FINANCE
REGULATION
e-commerce
mobile money
digital finance
online transactions
industry outlook
spellingShingle FINANCE
REGULATION
e-commerce
mobile money
digital finance
online transactions
industry outlook
International Finance Corporation
E- and M-Commerce and Payment Sector Development in Vietnam
description This study investigates the state of the electronic (e) and mobile (m)-commerce sector in Vietnam and its impact on the development of cashless payments and online financial services. The e- and m-commerce sector in Vietnam is growing organically. Although still immature and small in volume, advances in the region suggest that the sector will continue to expand and that investment is increasing in startups involved in payments, FinTech, third party logistics, and software aiming to support development. Vietnam has one of the fastest growing economies globally and the World Bank estimates that its GDP per capital will double in the next decade. It is one of the most populous countries in South East Asia with a majority of its inhabitants under 30. The rest of this document is structured as follows: Section two provides a short overview of the research conducted with end users and clients of e- and m-commerce firms; Section three describes the company survey methodology and the survey population of e-and m-commerce and support service firms; Section four presents the results from the survey including findings about payment acceptance and usage by e-and m-commerce firms and their clients as well as the business of payments and related services and logistics providers supporting the industry in Vietnam; and Section five provides key conclusions. The Annex to this report contains information about the surveyed companies, questionnaires and a snap shot of the front running firms and investors that are active in this market segment.
format Report
author International Finance Corporation
author_facet International Finance Corporation
author_sort International Finance Corporation
title E- and M-Commerce and Payment Sector Development in Vietnam
title_short E- and M-Commerce and Payment Sector Development in Vietnam
title_full E- and M-Commerce and Payment Sector Development in Vietnam
title_fullStr E- and M-Commerce and Payment Sector Development in Vietnam
title_full_unstemmed E- and M-Commerce and Payment Sector Development in Vietnam
title_sort e- and m-commerce and payment sector development in vietnam
publisher International Finance Corporation, Washington, DC
publishDate 2017
url http://hdl.handle.net/10986/26113
_version_ 1656357642889592832
score 14.09242

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