The Vietnam e commerce market has enhanced at a tremendous growth rate, yet the size of online gaming market is still minute owing to the fact that a large part of population does not have access to the speedy Internet service. During 2011-2014, the market for online gaming has inclined at a CAGR of ~% and reached USD ~ million in 2014. During the years, the industry has attained a significant share and brand value among the customers, with the companies coming out with different business models to built a trust among the customers, one such way adopted was purchase of online gaming vouchers at various local grocery and hyper mart stores. In coming years, the youth of the country will be well endowed in the future given the higher employment levels which will increase their spending on the online and smartphone gaming. It is expected that by 2019 the total revenue of online gaming industry in Vietnam will reach USD ~ million, registering a CAGR of ~% during 2015-2019.
The online payment gateway market has increased at an annual rate of ~% during 2013-2014. The market has grown on account of the increase in the number of online users and consumer confidence in making online payment because of the secure safety measures offered by the online payment gateways and the augmented use of credit/ debit cards and internet banking for making online payments.
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