Vietnam Digital Advertising and AdTech Market
Description
Vietnam Digital Advertising and AdTech Market Overview
The Vietnam Digital Advertising and AdTech Market is valued at USD 1.3 billion, based on a five-year historical analysis. This growth is primarily driven by the rapid increase in internet penetration, widespread smartphone adoption, and the continued shift of traditional advertising budgets to digital platforms. The surge in e-commerce and social media engagement, coupled with the popularity of video content and live-streaming, has further fueled demand for digital advertising solutions, making it a central component of marketing strategies for businesses across sectors .
Key cities such as Ho Chi Minh City and Hanoi continue to dominate the market due to their high population density, advanced urbanization, and robust economic activity. These cities serve as primary hubs for technology and innovation, attracting both local and international companies to invest in digital advertising and AdTech solutions. The concentration of businesses and digitally active consumers in these urban centers creates a vibrant ecosystem for digital marketing initiatives .
In 2023, the Vietnamese government issued Decree No. 13/2023/ND-CP on Personal Data Protection, enforced by the Ministry of Public Security. This regulation requires digital advertising platforms to ensure transparency in the collection, processing, and disclosure of advertising metrics and performance data, and mandates compliance with user data protection standards. The decree aims to foster trust among advertisers and consumers, strengthen fair competition, and support the sustainable growth of the digital advertising sector by establishing clear compliance requirements for data handling and reporting .
Vietnam Digital Advertising and AdTech Market Segmentation
By Type:
The digital advertising market in Vietnam is segmented into Display Advertising, Search Advertising, Social Media Advertising, Video Advertising, Mobile Advertising, Affiliate Marketing, Native Advertising, Influencer Marketing, and Others. Social Media Advertising has become the dominant segment, driven by the widespread use of platforms such as Facebook, TikTok, and Instagram. The increasing engagement of Vietnamese users with short-form video, influencer content, and interactive campaigns has led to a significant allocation of advertising budgets toward social media, making it the preferred channel for brands seeking effective audience targeting and engagement .
By End-User:
The end-user segmentation of the digital advertising market includes Retail, Automotive, Travel and Tourism, Financial Services, Consumer Electronics, Healthcare, Education, Technology, and Others. The Retail sector leads digital ad spending, as businesses leverage digital advertising to drive online sales, enhance customer engagement, and support omnichannel strategies. The rapid expansion of e-commerce, coupled with high mobile and social media usage among Vietnamese consumers, has prompted retailers to invest heavily in digital marketing, making it a critical growth area within the advertising landscape .
Vietnam Digital Advertising and AdTech Market Competitive Landscape
The Vietnam Digital Advertising and AdTech Market is characterized by a dynamic mix of regional and international players. Leading participants such as VNG Corporation, MoMo (M_Service JSC), Adtima, Yeah1 Network, Tiki Corporation, Foody.vn, ZaloPay, VietnamNet Media Group, C?c C?c, VCCorp (Vietnam Communications Corporation), VTV Digital, FPT Corporation, Novaon Group, Th? Gi?i Di ??ng (Mobile World Investment Corporation), Admicro (a division of VCCorp), MobiFone, Viettel Media, Shopee Vietnam, Lazada Vietnam, Appota Group, PMAX Corp., Golden Communication Group, Webrand Company Limited, Mindshare Vietnam, Dentsu Creative Vietnam, GroupM Vietnam, MullenLowe Group Vietnam, Feedforce Vietnam contribute to innovation, geographic expansion, and service delivery in this space .
VNG Corporation
2004
Ho Chi Minh City, Vietnam
MoMo (M_Service JSC)
2013
Ho Chi Minh City, Vietnam
Adtima
2012
Ho Chi Minh City, Vietnam
Yeah1 Network
2006
Ho Chi Minh City, Vietnam
Tiki Corporation
2010
Ho Chi Minh City, Vietnam
Company
Establishment Year
Headquarters
Company Size (Large, Medium, Small)
Annual Revenue (USD)
Revenue Growth Rate (%)
Digital Ad Spend (USD)
Market Share (%)
Customer Acquisition Cost (CAC)
Vietnam Digital Advertising and AdTech Market Industry Analysis
Growth Drivers
Increasing Internet Penetration:
Vietnam's internet penetration rate reached 73% in the future, with approximately 68 million users accessing online content. This growth is driven by affordable mobile data plans and expanding infrastructure, particularly in rural areas. The World Bank reports that Vietnam's internet economy is projected to reach $57 billion in the future, indicating a robust digital landscape that supports increased digital advertising investments and engagement across various platforms.
Rise of Mobile Advertising:
Mobile advertising in Vietnam is expected to generate $1.5 billion in revenue in the future, reflecting a significant shift towards mobile-first strategies. With over 90% of internet users accessing the web via smartphones, advertisers are increasingly allocating budgets to mobile platforms. The rapid adoption of mobile payment solutions further enhances the effectiveness of mobile ads, driving higher engagement rates and conversion opportunities for brands targeting Vietnamese consumers.
Growth of E-commerce:
Vietnam's e-commerce market is projected to reach $23 billion in the future, fueled by a growing middle class and increased online shopping habits. The rise of platforms like Shopee and Tiki has created a competitive environment for digital advertising, as brands seek to capture consumer attention. According to the Vietnam E-commerce Association, 53% of online shoppers are influenced by digital ads, highlighting the critical role of advertising in driving e-commerce growth and brand visibility.
Market Challenges
Regulatory Compliance Issues:
The digital advertising landscape in Vietnam faces significant regulatory challenges, particularly concerning data protection and privacy laws. The introduction of the Personal Data Protection Law in the future mandates strict compliance for advertisers, which can lead to increased operational costs. Companies must invest in legal expertise and technology to ensure adherence, potentially limiting their advertising budgets and impacting overall market growth.
Ad Fraud Concerns:
Ad fraud remains a pressing issue in Vietnam's digital advertising sector, with losses estimated at $200 million in the future. Fraudulent activities, such as click fraud and bot traffic, undermine the effectiveness of advertising campaigns and erode trust among advertisers. The lack of robust verification tools and industry standards exacerbates this challenge, prompting companies to allocate resources towards fraud detection and prevention measures, which can strain budgets.
Vietnam Digital Advertising and AdTech Market Future Outlook
The Vietnam digital advertising and AdTech market is poised for significant evolution, driven by technological advancements and changing consumer behaviors. As programmatic advertising gains traction, advertisers will increasingly leverage data analytics to optimize campaigns. Additionally, the integration of artificial intelligence will enhance targeting capabilities, allowing for more personalized marketing strategies. The rise of influencer marketing will further shape the landscape, as brands seek authentic connections with consumers through trusted voices in the digital space.
Market Opportunities
Expansion of Social Media Platforms:
With over 76 million social media users in Vietnam in the future, platforms like Facebook and TikTok present lucrative advertising opportunities. Brands can leverage these platforms to engage with younger demographics, driving brand awareness and customer loyalty through targeted campaigns and interactive content.
Growth in Video Advertising:
Video advertising is expected to reach $800 million in the future, reflecting a growing preference for video content among consumers. Advertisers can capitalize on this trend by creating engaging video ads that resonate with audiences, particularly on mobile devices, enhancing brand visibility and driving conversions in a competitive market.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Vietnam Digital Advertising and AdTech Market is valued at USD 1.3 billion, based on a five-year historical analysis. This growth is primarily driven by the rapid increase in internet penetration, widespread smartphone adoption, and the continued shift of traditional advertising budgets to digital platforms. The surge in e-commerce and social media engagement, coupled with the popularity of video content and live-streaming, has further fueled demand for digital advertising solutions, making it a central component of marketing strategies for businesses across sectors .
Key cities such as Ho Chi Minh City and Hanoi continue to dominate the market due to their high population density, advanced urbanization, and robust economic activity. These cities serve as primary hubs for technology and innovation, attracting both local and international companies to invest in digital advertising and AdTech solutions. The concentration of businesses and digitally active consumers in these urban centers creates a vibrant ecosystem for digital marketing initiatives .
In 2023, the Vietnamese government issued Decree No. 13/2023/ND-CP on Personal Data Protection, enforced by the Ministry of Public Security. This regulation requires digital advertising platforms to ensure transparency in the collection, processing, and disclosure of advertising metrics and performance data, and mandates compliance with user data protection standards. The decree aims to foster trust among advertisers and consumers, strengthen fair competition, and support the sustainable growth of the digital advertising sector by establishing clear compliance requirements for data handling and reporting .
Vietnam Digital Advertising and AdTech Market Segmentation
By Type:
The digital advertising market in Vietnam is segmented into Display Advertising, Search Advertising, Social Media Advertising, Video Advertising, Mobile Advertising, Affiliate Marketing, Native Advertising, Influencer Marketing, and Others. Social Media Advertising has become the dominant segment, driven by the widespread use of platforms such as Facebook, TikTok, and Instagram. The increasing engagement of Vietnamese users with short-form video, influencer content, and interactive campaigns has led to a significant allocation of advertising budgets toward social media, making it the preferred channel for brands seeking effective audience targeting and engagement .
By End-User:
The end-user segmentation of the digital advertising market includes Retail, Automotive, Travel and Tourism, Financial Services, Consumer Electronics, Healthcare, Education, Technology, and Others. The Retail sector leads digital ad spending, as businesses leverage digital advertising to drive online sales, enhance customer engagement, and support omnichannel strategies. The rapid expansion of e-commerce, coupled with high mobile and social media usage among Vietnamese consumers, has prompted retailers to invest heavily in digital marketing, making it a critical growth area within the advertising landscape .
Vietnam Digital Advertising and AdTech Market Competitive Landscape
The Vietnam Digital Advertising and AdTech Market is characterized by a dynamic mix of regional and international players. Leading participants such as VNG Corporation, MoMo (M_Service JSC), Adtima, Yeah1 Network, Tiki Corporation, Foody.vn, ZaloPay, VietnamNet Media Group, C?c C?c, VCCorp (Vietnam Communications Corporation), VTV Digital, FPT Corporation, Novaon Group, Th? Gi?i Di ??ng (Mobile World Investment Corporation), Admicro (a division of VCCorp), MobiFone, Viettel Media, Shopee Vietnam, Lazada Vietnam, Appota Group, PMAX Corp., Golden Communication Group, Webrand Company Limited, Mindshare Vietnam, Dentsu Creative Vietnam, GroupM Vietnam, MullenLowe Group Vietnam, Feedforce Vietnam contribute to innovation, geographic expansion, and service delivery in this space .
VNG Corporation
2004
Ho Chi Minh City, Vietnam
MoMo (M_Service JSC)
2013
Ho Chi Minh City, Vietnam
Adtima
2012
Ho Chi Minh City, Vietnam
Yeah1 Network
2006
Ho Chi Minh City, Vietnam
Tiki Corporation
2010
Ho Chi Minh City, Vietnam
Company
Establishment Year
Headquarters
Company Size (Large, Medium, Small)
Annual Revenue (USD)
Revenue Growth Rate (%)
Digital Ad Spend (USD)
Market Share (%)
Customer Acquisition Cost (CAC)
Vietnam Digital Advertising and AdTech Market Industry Analysis
Growth Drivers
Increasing Internet Penetration:
Vietnam's internet penetration rate reached 73% in the future, with approximately 68 million users accessing online content. This growth is driven by affordable mobile data plans and expanding infrastructure, particularly in rural areas. The World Bank reports that Vietnam's internet economy is projected to reach $57 billion in the future, indicating a robust digital landscape that supports increased digital advertising investments and engagement across various platforms.
Rise of Mobile Advertising:
Mobile advertising in Vietnam is expected to generate $1.5 billion in revenue in the future, reflecting a significant shift towards mobile-first strategies. With over 90% of internet users accessing the web via smartphones, advertisers are increasingly allocating budgets to mobile platforms. The rapid adoption of mobile payment solutions further enhances the effectiveness of mobile ads, driving higher engagement rates and conversion opportunities for brands targeting Vietnamese consumers.
Growth of E-commerce:
Vietnam's e-commerce market is projected to reach $23 billion in the future, fueled by a growing middle class and increased online shopping habits. The rise of platforms like Shopee and Tiki has created a competitive environment for digital advertising, as brands seek to capture consumer attention. According to the Vietnam E-commerce Association, 53% of online shoppers are influenced by digital ads, highlighting the critical role of advertising in driving e-commerce growth and brand visibility.
Market Challenges
Regulatory Compliance Issues:
The digital advertising landscape in Vietnam faces significant regulatory challenges, particularly concerning data protection and privacy laws. The introduction of the Personal Data Protection Law in the future mandates strict compliance for advertisers, which can lead to increased operational costs. Companies must invest in legal expertise and technology to ensure adherence, potentially limiting their advertising budgets and impacting overall market growth.
Ad Fraud Concerns:
Ad fraud remains a pressing issue in Vietnam's digital advertising sector, with losses estimated at $200 million in the future. Fraudulent activities, such as click fraud and bot traffic, undermine the effectiveness of advertising campaigns and erode trust among advertisers. The lack of robust verification tools and industry standards exacerbates this challenge, prompting companies to allocate resources towards fraud detection and prevention measures, which can strain budgets.
Vietnam Digital Advertising and AdTech Market Future Outlook
The Vietnam digital advertising and AdTech market is poised for significant evolution, driven by technological advancements and changing consumer behaviors. As programmatic advertising gains traction, advertisers will increasingly leverage data analytics to optimize campaigns. Additionally, the integration of artificial intelligence will enhance targeting capabilities, allowing for more personalized marketing strategies. The rise of influencer marketing will further shape the landscape, as brands seek authentic connections with consumers through trusted voices in the digital space.
Market Opportunities
Expansion of Social Media Platforms:
With over 76 million social media users in Vietnam in the future, platforms like Facebook and TikTok present lucrative advertising opportunities. Brands can leverage these platforms to engage with younger demographics, driving brand awareness and customer loyalty through targeted campaigns and interactive content.
Growth in Video Advertising:
Video advertising is expected to reach $800 million in the future, reflecting a growing preference for video content among consumers. Advertisers can capitalize on this trend by creating engaging video ads that resonate with audiences, particularly on mobile devices, enhancing brand visibility and driving conversions in a competitive market.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
85 Pages
- 1. Vietnam Digital Advertising and AdTech Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Vietnam Digital Advertising and AdTech Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Vietnam Digital Advertising and AdTech Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing Internet Penetration
- 3.1.2. Rise of Mobile Advertising
- 3.1.3. Growth of E-commerce
- 3.1.4. Demand for Data-Driven Marketing
- 3.2. Restraints
- 3.2.1. Regulatory Compliance Issues
- 3.2.2. High Competition
- 3.2.3. Limited Digital Literacy
- 3.2.4. Ad Fraud Concerns
- 3.3. Opportunities
- 3.3.1. Expansion of Social Media Platforms
- 3.3.2. Growth in Video Advertising
- 3.3.3. Increased Investment in AdTech Solutions
- 3.3.4. Development of Localized Content
- 3.4. Trends
- 3.4.1. Shift Towards Programmatic Advertising
- 3.4.2. Emphasis on Personalization
- 3.4.3. Integration of AI in Advertising
- 3.4.4. Rise of Influencer Marketing
- 3.5. Government Regulation
- 3.5.1. Data Protection Laws
- 3.5.2. Advertising Standards Regulations
- 3.5.3. Taxation Policies on Digital Ads
- 3.5.4. E-commerce Regulations
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Vietnam Digital Advertising and AdTech Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Display Advertising
- 4.1.2. Search Advertising
- 4.1.3. Social Media Advertising
- 4.1.4. Video Advertising
- 4.1.5. Others
- 4.2. By End-User (in Value %)
- 4.2.1. Retail
- 4.2.2. Automotive
- 4.2.3. Travel and Tourism
- 4.2.4. Financial Services
- 4.2.5. Others
- 4.3. By Industry Vertical (in Value %)
- 4.3.1. E-commerce
- 4.3.2. Entertainment
- 4.3.3. Education
- 4.3.4. Real Estate
- 4.3.5. Others
- 4.4. By Sales Channel (in Value %)
- 4.4.1. Direct Sales
- 4.4.2. Online Platforms
- 4.4.3. Agencies
- 4.4.4. Resellers
- 4.4.5. Others
- 4.5. By Advertising Format (in Value %)
- 4.5.1. Native Advertising
- 4.5.2. Sponsored Content
- 4.5.3. Programmatic Ads
- 4.5.4. Influencer Collaborations
- 4.5.5. Others
- 4.6. By Geographic Focus (in Value %)
- 4.6.1. Urban Areas
- 4.6.2. Rural Areas
- 4.6.3. Regional Markets
- 4.6.4. National Campaigns
- 4.6.5. Others
- 5. Vietnam Digital Advertising and AdTech Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. VNG Corporation
- 5.1.2. MoMo (M_Service JSC)
- 5.1.3. Adtima
- 5.1.4. Yeah1 Network
- 5.1.5. Tiki Corporation
- 5.2. Cross Comparison Parameters
- 5.2.1. Annual Revenue (USD)
- 5.2.2. Market Share (%)
- 5.2.3. Customer Acquisition Cost (CAC)
- 5.2.4. Digital Ad Spend (USD)
- 5.2.5. Number of Active Advertisers
- 6. Vietnam Digital Advertising and AdTech Market Regulatory Framework
- 6.1. Compliance Requirements and Audits
- 6.2. Certification Processes
- 7. Vietnam Digital Advertising and AdTech Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Vietnam Digital Advertising and AdTech Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By End-User (in Value %)
- 8.3. By Industry Vertical (in Value %)
- 8.4. By Sales Channel (in Value %)
- 8.5. By Advertising Format (in Value %)
- 8.6. By Geographic Focus (in Value %)
- Disclaimer
- Contact Us
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
