Vietnam consumer marketing science seminar

Cimigo
Apr 23, 2019

On April 19th, Cimigo hosted a consumer marketing science seminar on Vietnam Consumer Trends 2019 at the Dreamplex Ampitheater in HCMC. The event connected marketing professionals to keep them abreast of the constraints and opportunities in 2019. The seminar attracted 120 professionals to hear Cimigo’s top market researchers share the major trends of Vietnamese consumers.

5 minute read

The first session of the Vietnam Consumer Marketing Science Seminar began with Mr. Richard Burrage, Managing Director of Cimigo addressing the constraints on the growth of consumer packaged goods (CPG) in Vietnam.

He addressed reasons related to key constraints of the decelerating birth rate, smarter consumers challenging lacklustre brand innovations, food safety challenging customer’s trust, the overwhelming choice paradox and consumers valuing experiences over tangible goods. Each constraint is inferred from Cimigo’s market research, highlighting not only the gaps that the business can address, but also the potential for future growth and additional revenue.

The next Vietnam Consumer Marketing Science Seminar session illustrated the online shopping boom in Vietnam associated with changing consumer behaviour. Cimigo focused on 7 aspects from current the e-commerce situation and how online shoppers made their final buying decision.

Ms. Thuong La, Director and Ms. Giang Dao, Brand Consultant at Cimigo concluded that consumer  “trust has been built”, with Vietnamese consumers now much more confident to shop online and the next stage would be a dramatic rise in transaction values (basket size).

Cimigo marketing science seminar April 2019 TL

E-payment, e-wallet and the future scenarios of payment was presented by Mr. Binh Dong, Director.

Bank mobile applications have followed the leading-edge e-wallets, becoming direct competitors.  E-wallets deliver a better net promoter score and customer experience including promotions.

The strategic scenarios are many, with the audience overwhelming believing that e-wallets will become a marketing and distribution channel for banks .

Cimigo marketing science seminar April 2019 BD

Richard Burrage concluded the opportunities presents by Vietnam consumer trends, highlighting the opportunities in rapid urbanization, global trade network, increasing intra Asia trade and investment to Vietnam, the diversity and productivity of working population, the tipping point in middle class acceleration, Vietnamese booming internet economy and forecasting that online shopping will surpass modern trade and the extraordinary rise in consumer finance.

Cimigo marketing science seminar April 2019 RB

It was an excellent opportunity to garner insights into consumer trends and look at the implications to future proof business strategies.

There surely be more Vietnam Consumer Marketing Science Seminars  in the future. If you’re interested in more insights, please ask@cimigo.com.

Vietnam uninterrupted: a twenty-year journey

Mar 18, 2024

Vietnam uninterrupted: a twenty-year journey Review Vietnam’s long-term trends and how consumer

Vietnam PMI March 2024 – manufacturing purchasing managers index

Apr 02, 2024

Production dips for the first time in three months Subdued demand leads to falls in output and new

Listen to me! Consumer immersion meets innovation

Dec 14, 2023

In the fast-paced world of innovation, the race to create the next groundbreaking product is