Vietnam is a far more advanced and more digitally connected linked today. 78 million people are online (79% of the country), while 168 million people have cell phone connections (169% of the population). Due to consumers’ increased reliance on the Internet for purchasing goods, Vietnam has been able to lead Southeast Asia (SEA) in the expansion of its digital economy. Last year, the country saw the greatest growth rate in digital payments in SEA.
Currently, there are over 3,000 innovative and disruptive startups in Vietnam, including the emerging startup VietWheels, a leading online car marketplace in Vietnam. VietWheels’ online platform offers car buyers better choices, convenience, and cost savings. Sellers also benefit from increased sales, revenue, and cost-effectiveness when selling their inventory.
Trương Hải, co-founder and CEO of Vietwheels, said: “Compared to Western countries, many consumers in Vietnam typically do not research and compare prices of their dream car online before visiting a dealership. However, with Vietwheels, they now have the opportunity to research and compare various car models and prices from a large stock of quality inventory.”
Vince Lương, a co-founder of VietWheels, recently managed a local sales team in Ho Chi Minh City. He said: “The lack of variety and the inability to compare prices and quality across car dealerships creates a gap in Vietnam’s genuine car market.” Vietwheels solves this problem by providing a smooth online platform that connects buyers and vendors.
The Vietnamese automobile sector is booming and putting the nation on the international scene. Vietnam’s rapidly developing middle class and economy have made it a desirable market for manufacturers looking to enter Southeast Asia. This article from Vietwheels examines the
variables that have contributed to the success of the rapidly expanding four-wheel vehicle market in Vietnam.
The growing need for personal transportation is one of the main factors behind the Vietnamese automobile industry’s expansion. The demand for personal transportation options has increased along with the number of Vietnamese customers who have more disposable income. Car sales have consequently surged, opening up a very promising market for both domestic and foreign automakers.
One of the prime examples of Vietnam’s expanding start-up tech industry is Vietwheels. Vietwheels.com, one of the up-and-coming companies in Vietnam’s profitable online auto sector, has a lot of promise and is still growing in the country. Recently, beststartup.asia ranked vietwheels.com was ranked as one of the top online marketplaces in Vietnam, which can be found on this link.
We hope you enjoyed reading this guest article by VietWheels. For more trends and insights about Vietnam’s tech and auto sector, as well as about car sales in Vietnam, please visit our News and Articles page.
