Exploring Vietnam's Electronic Cigarette Market

May.11.2023
Exploring Vietnam's Electronic Cigarette Market
2FIRSTS explores Vietnam's e-cigarette market, lacking dominant global brands and unclear regulations. Increasing usage, but still a grey market.

Special Statement:


This article is only intended for internal industry research and exchange, and does not make any brand or product recommendations. Minors are prohibited from accessing it.


Vietnam, with a population of over 99.5 million people, ranks 15th in the world and has the second largest population in Southeast Asia, after Indonesia and the Philippines. According to statistics from the Vietnamese Ministry of Health in 2022, the usage of e-cigarettes in 34 provinces and cities in Vietnam was only 0.2% in 2015. However, by 2022, this figure had increased 18-fold to reach 3.6%.


Vietnam's regulations for electronic cigarettes are unclear, leading many in the industry to refer to it as a "grey market". The current state of the electronic cigarette market in Vietnam is unfamiliar to outsiders, prompting 2FIRSTS to conduct field research by visiting over ten e-cigarette shops in Ho Chi Minh City. The findings revealed that global brands are already present in the Vietnamese market, but there is a lack of dominant brands.


There is currently no dominant brand in the market.


Walking into an electronic cigarette store in Ho Chi Minh City, shelves are lined with boxes of electronic cigarette products - many of which are vastly different from those found in Western markets, featuring several unfamiliar brands, alongside popular European and American brands such as ELFBAR and LOST MARY.


When requesting physical samples of brands such as ELFBAR and LOST MARY from the store clerk, they indicated that only the packaging boxes on the shelves were available.


The fourth floor features ELFBAR and LOST MARY products. Image source: 2FIRSTS.


At another electronic cigarette store, shelves displayed a wide variety of electronic cigarette products, including the Aspire brand, which were arranged by brand on different levels of the shelves.


The second row of Aspire packages in black | Image source: 2FIRSTS.


A characteristic of Vietnam's e-cigarette stores is the absence of a dominant global brand. In contrast to the saturated e-cigarette market in Russia, Vietnam lags behind both in product quantity and dominant brand presence.


Russian electronic cigarette store | Image source: 2FIRSTS


The sources of some products are a mystery.


At an electronic cigarette shop, promotional materials for the brand ZOVOO are displayed on the store counter, with a focus on their disposable electronic cigarette product, VINCIBAR.


In the promotional materials provided, three QR codes and a website were presented for scanning. After testing by 2FIRSTS, it was confirmed that the displayed QR codes and website were indeed ZOVOO's official account and website.


Shop promotional materials | Image source: 2FIRSTS


Main product | Image source: 2FIRSTS


Product promotional materials from RELX have been spotted in multiple e-cigarette stores, featuring discount promotions, and displayed in prominent locations.


RELX offers promotional deals. Image source: 2FIRSTS.


Promotional information from RELX | Image Source: 2FIRSTS


It is currently unclear whether domestic brand electronic cigarettes appearing in the Vietnamese market are genuine products from the original manufacturer, and whether the propaganda material suppliers for electronic cigarette shops are directly associated with the manufacturers. However, based on the degree of professionalism in the material production, it is unlikely that Vietnamese electronic cigarette shops are producing the materials in-house.


It is reported that the Vietnamese government does not allow the marketing and circulation of electronic cigarettes, and related legislation is still pending submission for discussion by the Ministry of Industry and Trade.


It is noteworthy that according to information obtained from product packaging by 2FIRSTS, some products sold in electronic cigarette stores are marked as designated for sale in the United States only (Sale only allowed in United States).


The image source, 2FIRSTS, has a notice indicating that the sale of the product is solely allowed in the United States.


2FIRSTS purchased an electronic cigarette brand called Dragbar, packaged under the name ZOVOO, from a vaping store. The product features a production date and batch information on its side.


Product Batch: Image sourced from 2FIRSTS.


Stay tuned for more updates on the electronic cigarette market in Vietnam from 2FIRSTS.


Cover image source: Unsplash library.


References:


Vietnam's Population


The use of electronic cigarettes has increased by 18 times after 5 years, causing numerous unpredictable health consequences.



Disclaimer

This article is provided solely for professional research, industry discussion, and informational purposes. Any references to brands, companies, products, technologies, or policies are made for factual reporting and analytical purposes only, and do not constitute endorsement, recommendation, promotion, or advertising by 2Firsts.

Nicotine-containing products, including but not limited to cigarettes, e-cigarettes, heated tobacco products, and nicotine pouches, carry significant health risks. Readers are responsible for complying with all applicable laws and regulations in their respective jurisdictions, including age restrictions and access limitations.

The information contained in this article should not be regarded as investment, legal, medical, regulatory, or commercial advice. While 2Firsts strives to ensure the accuracy and reliability of its content, it does not assume liability for any direct or indirect loss arising from errors, omissions, inaccuracies, or reliance on the information contained herein.

This article is not intended for individuals below the legal age for accessing tobacco or nicotine-related information in their jurisdiction.

 

Copyright Notice

This article is either original content produced by 2Firsts or content reproduced, translated, summarized, or adapted from third-party sources with attribution where applicable. The intellectual property rights of the original content remain with 2Firsts or the respective original rights holders.

No individual or organization may copy, reproduce, distribute, republish, modify, translate, or otherwise use this content without prior authorization. Any unauthorized use may result in legal action.

For copyright-related inquiries, corrections, or removal requests, please contact: info@2firsts.com.

 

AI-Assisted Translation and Editing Notice

Portions of this article may have been translated, edited, or reviewed with the assistance of artificial intelligence tools to improve efficiency and readability. Due to the limitations of AI-assisted translation and editing, discrepancies, omissions, or inaccuracies may exist when compared with the original source.

Where applicable, readers are advised to refer to the original source for the most complete and accurate information. If you identify any errors or believe that any content infringes upon your rights, please contact us at info@2firsts.com, and we will review and address the matter promptly.

North Carolina Tightens Vape Product Directory Enforcement, Expands State and Local Powers as Violators Face Fines, Product Seizures and License Suspension or Revocation
North Carolina Tightens Vape Product Directory Enforcement, Expands State and Local Powers as Violators Face Fines, Product Seizures and License Suspension or Revocation
North Carolina has expanded enforcement of its vapor product directory rules, authorizing more state and local law enforcement participation and establishing a task force led by the State Bureau of Investigation. The legislation requires at least one unannounced compliance inspection annually for retailers, distributors and wholesalers handling covered products. Penalties effective October 1, 2026, include civil fines of $500–$750 for a first violation and $1,000–$1,500 for repeated violations within 12 months, along with potential license suspension or revocation. Manufacturers may face penalties of $10,000 per unlisted product. The measures strengthen the product directory system established in 2024.
Regulations
Oct.28
Germany Probes 7.6 Million Illegal Vape Case With Estimated €33.3 Million Tax Loss; Four Chinese Manufacturer Employees Under Investigation, Some Packaging in Enforcement Images Resembles FUMOT Products
Germany Probes 7.6 Million Illegal Vape Case With Estimated €33.3 Million Tax Loss; Four Chinese Manufacturer Employees Under Investigation, Some Packaging in Enforcement Images Resembles FUMOT Products
German prosecutors and customs authorities are conducting a criminal investigation into an alleged cross-border organised vape network. Authorities say that between January 2024 and March 2025, four employees of an unnamed Chinese e-cigarette manufacturer allegedly built a network of sales agents and wholesalers that brought more than 7.6 million nicotine disposable vapes into Germany, causing an estimated €33.3 million in excise-tax losses. The manufacturer has not been named. Some products visible in enforcement images have packaging resembling products from FUMOT’s portfolio. European regulatory records from 2024, FUMOT’s public overseas-sales materials and records involving German vape importer and distribution company Zamu-Pro GmbH also show FUMOT/RandM products and German distribution activity during the period covered by the investigation.
Sep.21
Huabao International Buys Indonesian HNB Manufacturer for RMB 90 Million, Adding OEM/ODM Capacity
Huabao International Buys Indonesian HNB Manufacturer for RMB 90 Million, Adding OEM/ODM Capacity
Huabao International Holdings Limited will acquire 100% of PT Broad Far Indonesia through two wholly owned subsidiaries for approximately RMB 90 million. The Indonesian company manufactures and sells heat-not-burn tobacco sticks and provides OEM/ODM services. The sellers are part of a related-party group controlled by Huabao International Chair and controlling shareholder Zhu Linyao. PT Broad Far Indonesia generated $4.37 million in revenue and $177,000 in profit after tax in the first half of 2026, while net assets stood at about $326,000 at June-end. An independent valuer assessed the company’s equity at approximately RMB 93.06 million. Following completion, the HNB manufacturing operation will be consolidated into Huabao International.
News
Sep.29 by 2Firsts Perspectives
JTI Proposes 25-Cent Irish Cigarette Tax Increase, Says It Could Raise €45 Million
JTI Proposes 25-Cent Irish Cigarette Tax Increase, Says It Could Raise €45 Million
Japan Tobacco International's Irish business has proposed a €0.25 tax increase on a pack of 20 cigarettes in its pre-Budget 2027 submission, below the €0.50-or-more increases typically imposed in recent Irish budgets. JTI says the proposal could generate around €45 million in additional Exchequer revenue while limiting further movement toward illicit and non-Irish-tax-paid tobacco. Revenue's existing estimate for a comparable €0.25 increase, including pro-rata rises on other tobacco products, is about €18 million for a full year.
JTI
Sep.18 by 2Firsts Perspectives
Product | PIXL Adds 6ml PIXL 5K in UK Alongside 12ml PIXL 8000 as Vape Duty Takes Effect
Product | PIXL Adds 6ml PIXL 5K in UK Alongside 12ml PIXL 8000 as Vape Duty Takes Effect
Vaping brand PIXL has introduced the PIXL 5K reusable prefilled pod device in the UK, featuring a 2ml prefilled pod and a 4ml refill container with a combined e-liquid capacity of 6ml. The device uses 20mg/ml nicotine salt e-liquid and is advertised to deliver up to approximately 5,000 puffs. Available through UK retailers by August 2026, the PIXL 5K sits alongside the existing 12ml PIXL 8000. The UK's Vaping Products Duty took effect on October 1 at £0.22 per millilitre, producing theoretical duty amounts of £1.32 and £2.64 for the two products' respective full refill sets.
product
Oct.10
UK Extends Age-18 Rules to Zero-Nicotine Vapes and Nicotine Pouches From Oct. 29, Bans Vending Machines and Promotional Giveaways
UK Extends Age-18 Rules to Zero-Nicotine Vapes and Nicotine Pouches From Oct. 29, Bans Vending Machines and Promotional Giveaways
Key provisions of the UK's Tobacco and Vapes Act 2026 will take effect on Oct. 29, extending an age-18 sales restriction to all vaping and non-medicinal nicotine products. In England, Wales and Northern Ireland, the change brings zero-nicotine vapes within statutory age-of-sale rules and also covers products including nicotine pouches, strips and pearls. The law will also prohibit proxy purchasing for under-18s, consumer-facing vending machines, promotional giveaways and substantial discounts intended to promote vaping and nicotine products.
Regulations
Oct.10