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This growth insight is part of an ongoing quarterly tracker that monitors the trends and the developments in the Vietnamese automotive market. It uses multi-level secondary as well as primary sources for data collation. This includes country-level official associations/federations, government authorities, country subject experts, and third-party sources (international/regional organizations). As imports resumed, the automotive market in Vietnam recorded moderate sales growth in Q3 2018 when compared to Q2 2018 as well as 2017.
This insight offers an overview of the Vietnamese automotive market and discusses total industry volume, segment volume and share, passenger vehicles’ sub-segment volume share, passenger vehicle market share by brand, commercial vehicles’ sub-segment volume share, and commercial vehicle market share by brand.
It also examines the market scenario in Q3 2018 and offers information about YoY segment volume, passenger vehicles’ sub-segment volume share, passenger vehicle market share by brand, commercial vehicles’ sub-segment volume share, commercial vehicle market share by brand, market participant activities, the launch of new models, and key regulatory developments.
Market outlook, including drivers and restraints, market canvas up to 2025, 2018 market specifics, and assessment of 2018 market specifics as of Q3 2018 are also analyzed.
Laura Wood, Senior Press Manager
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Related Topics: Automotive
Mobile payment refers to payment services remotely performed through messages or mobile apps. Various mobile payment media, such as near-field communication (NFC), have been introduced to facilitate rapid money transfer. E-payment methods have been widely used in Vietnam, owing to change in customer preference from cash to digital payments and technological developments. In addition, rise in adoption of smartphones and increase in internet penetration have fostered several banks in the country to implement immediate payment services.
Surge in need for immediate transactions in Vietnam is anticipated to be one of the major drivers of the Vietnam mobile payment market. In December 2017, Vietnam’s e-payment pioneer, MoMo, signed an agreement with a U.S.-based ride-hailing company, Uber Technologies, to enable passengers to pay for rides along with utility bills, airline tickets, and online purchases using the MoMo app. Moreover, banks in Vietnams have been focusing on e-payment; for instance, Sacombank and Maritime Bank have launched their own QR code-based online payment services, which are used at stores and restaurants. Thus, growth of the e-commerce industry, increased penetration of smartphones, improvement in standard of living, and need for quick & hassle-free transactions drive the growth of the mobile payment market in Vietnam. However, data breaches & security concerns are expected to impede the market growth. Conversely, rise in awareness about mobile payment, exposure to social media, and increase in popularity of cashless payments in Vietnam are expected to present major opportunities for market expansion during the forecast period.
The Vietnam mobile payment market is categorized based on type, mode of transaction, type of purchase, application, and end user. Depending on type, the market is bifurcated into proximity payment and remote payment. By mode of transaction, it comprises short message service (SMS), near-field communication (NFC), and wireless application protocol (WAP). On the basis of type of purchase, it is segmented into airtime transfer & top-ups, money transfers & payments, merchandise & coupons, travel & ticketing, and others. The applications covered in the study include hospitality & tourism, media & entertainment, retail, healthcare, energy & utilities, IT & telecommunication, and others. According to end user, the market is classified into personal and business.
The key players profiled in the report include Mobivi, NganLuong, OnePay, Smartlink, Orange S.A., PayPal Holdings, Inc., Payoo, MOMO, 123Pay, and SohaPay.
Key Benefits for Stakeholders
This study includes the analytical depiction of the Vietnam mobile payment market along with current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities.
The current market is quantitatively analyzed from 2016 to 2025 to highlight the financial competency of the industry.
Porter’s Five Forces analysis illustrates the potency of buyers & suppliers in the Vietnam mobile payment industry.
VIETNAM MOBILE PAYMENT MARKET KEY SEGMENTS:
By Mode Of Transaction
Short message service (SMS)
Near-field communication (NFC)
Wireless application protocol (WAP)
By End User
By Type Of Purchase
Airtime transfer & top-up
Money transfer & payment
Merchandise & coupon
Travel & ticketing
Hospitality & tourism
Media & entertainment
Energy & utilities
IT & telecommunication
Key Market Players
PayPal Holdings, Inc.
Table of contents
1. Executive Summary
2. Research Methodology
Research Data Collection and Analysis Methodology
3. Vietnam – Overview
Total Industry Volume (TIV)
Segment Volume and Share
PVs’ Sub-Segment Volume Share
PVs’ Market Share by Brand
CVs’ Sub-Segment Volume Share
CVs’ Market Share by Brand
4. Vietnam – Q3 2018
YoY Segment Volume as of Q3 2018
PVs’ Sub-Segment Volume Share as of Q3 2018
PVs’ Market Share by Brand as of Q3 2018
CVs’ Sub-Segment Volume Share as of Q3 2018
CVs’ Market Share by Brand as of Q3 2018
Market Participant Activities
New Models Launched
Key Regulatory Developments – July 2018
Key Regulatory Developments – August 2018
Key Regulatory Developments – September 2018
5. Vietnam – 2018 Outlook
Market Canvas and 2018 Market Specifics
Market Canvas Up to 2025
2018 Market Specifics
Assessment of 2018 Market Specifics
2018 Market Outlook
6. Conclusions and Key Takeaways
Conclusions and Key Takeaways
Acronyms and Abbreviations
List of Exhibits
Note: We are not responsible for typo error, price change, substitute item, or available of item from online ads.
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