Newspaper Advertising - Vietnam

Vietnam

Highlights

Ad spending in the Newspaper Advertising market in Vietnam is forecasted to reach US$119.20m in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of -0.48%, leading to a projected market volume of US$115.80m by 2030.
With a projected market volume of US$5.03bn in 2024, the majority of revenue will be generated the United States.
In the Newspaper Advertising market in Vietnam, the number of readers is expected to reach 0.0users by 2030.
The average ad spending per reader in the Newspaper Advertising market in Vietnam is projected to be US$7.38 in 2024.
Vietnam's newspaper advertising market is seeing a shift towards digital platforms as more consumers turn to online news sources.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Newspaper Advertising market in Vietnam has been experiencing significant growth in recent years.

Customer preferences: Vietnamese consumers have shown a strong preference for traditional media, including newspapers, when it comes to advertising. This is partly due to the fact that newspapers are widely accessible and have a long-standing presence in the country. Many Vietnamese people still rely on newspapers as a primary source of news and information, making them an attractive platform for advertisers.

Trends in the market: One of the key trends in the Newspaper Advertising market in Vietnam is the shift towards digital advertising. While traditional print advertising still dominates the market, there has been a noticeable increase in digital advertising in recent years. This can be attributed to the growing internet penetration in the country and the increasing popularity of online news platforms. Advertisers are recognizing the potential of reaching a larger and more diverse audience through digital channels. Another trend in the market is the rise of niche newspapers. In addition to mainstream newspapers, there has been a proliferation of niche publications targeting specific demographics or industries. These niche newspapers offer advertisers the opportunity to reach a more targeted audience, which can be particularly appealing for businesses looking to promote niche products or services.

Local special circumstances: Vietnam is a rapidly developing country with a young and dynamic population. This presents unique opportunities for advertisers in the Newspaper Advertising market. As the middle class continues to grow and disposable income increases, there is a greater demand for products and services. Advertisers can leverage this by targeting specific consumer segments through newspaper advertising. Furthermore, Vietnam has a diverse media landscape with a wide range of newspapers catering to different regions and demographics. This allows advertisers to tailor their messaging and reach specific target markets. The availability of multiple newspapers also creates a competitive environment, driving innovation and creativity in advertising strategies.

Underlying macroeconomic factors: The strong economic growth in Vietnam has had a positive impact on the Newspaper Advertising market. As the economy expands, businesses are investing more in advertising to capture the attention of consumers. Additionally, the government's efforts to attract foreign investment and promote tourism have also contributed to the growth of the advertising industry. In conclusion, the Newspaper Advertising market in Vietnam is experiencing growth due to customer preferences for traditional media, the rise of digital advertising, the emergence of niche newspapers, the unique local circumstances, and the underlying macroeconomic factors. Advertisers in Vietnam have a range of opportunities to effectively reach their target audience through newspaper advertising, and the market is expected to continue to evolve as consumer behavior and technology advance.

Data coverage:

Data encompasses enterprises (B2B). Figures are based on newspaper advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in printed newspapers.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.