Vietnam to have 12 ecosystems with revenue of 100 billion USD: McKinsey
09:46 | 10/12/2020
Illustrative image (Photo: ndh.vn)
Hanoi - Twelve large ecosystems will be established across retail and institutional services in Vietnam by 2025, constituting a revenue pool of about 2.4 trillion VND (100 billion USD).
The information was released in a recently published economic research paper by McKinsey and Company. It points out how an ecosystem economy will transform Vietnamâs economy in the years to come.
Ecosystem growth will be essentially driven by a significant decrease in the cost of customer acquisitions (CAC).
Ecosystems enable automation on a large scale and integrate purchasing pathways, giving customers access to a variety of products and services within a single platform. This consolidation of channels has the potential to reduce CAC. For example, in the banking industry, ecosystems can generate (CAC) savings of 10 to 20 percent.