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.

Product | JT Expands Vote-Winning EVO Cacao Mint Crystal to Nationwide Retail in Japan, Adds 22-Stick Limited Pack at Same Price
Product | JT Expands Vote-Winning EVO Cacao Mint Crystal to Nationwide Retail in Japan, Adds 22-Stick Limited Pack at Same Price
Japan Tobacco (JT) will expand EVO Cacao Mint Crystal from limited channels to nationwide retail in Japan from October 6, 2026. The Ploom tobacco stick ranked first in the brand's first consumer voting campaign for new tobacco-stick SKUs held earlier this year. JT will also introduce a limited 22-stick pack at the same JPY 620 price as the standard 20-stick pack. The capsule-format product combines menthol with sweet, bittersweet cacao notes and adds a berry nuance when the capsule is crushed.
Sep.09
Product | JTI Launches Ploom AURA Teal Electric Pop in South Korea, Its First Dual-Color Edition
Product | JTI Launches Ploom AURA Teal Electric Pop in South Korea, Its First Dual-Color Edition
JTI Korea launched the Ploom AURA Teal Electric Pop limited edition in South Korea on September 1, 2026, marking the first dual-color design in the Ploom AURA range. The device combines a dark green body with teal accents and is accompanied by matching Front Panel, Back Cover and Pocket Bag accessories. The standalone device is priced at KRW 29,000, with three additional device-and-accessory bundles available. The release continues JTI Korea's use of limited colorways and interchangeable accessories to expand the Ploom AURA portfolio without introducing a new hardware platform.
Sep.03
Special Report | How Capital Is Reassessing the Global Tobacco and Modern Nicotine Industry: Lessons from a New York Forum
Special Report | How Capital Is Reassessing the Global Tobacco and Modern Nicotine Industry: Lessons from a New York Forum
Capital is reassessing the global tobacco and modern nicotine industry as heated tobacco, vaping and nicotine pouches reshape demand, profitability and regulation. At the 2026 New Approaches Summit in New York, investors and analysts examined whether smoke-free growth can sustain earnings, how regulation shapes startup value, and whether shareholder engagement can be more effective than divestment. The debate points to a broader shift: tobacco transition is increasingly becoming a capital-allocation, governance and valuation question.
Capital Markets
Oct.05
JUUL Purchasers Ask Ninth Circuit to Preserve Antitrust Classes in Case Over Altria’s $12.8 Billion Investment
JUUL Purchasers Ask Ninth Circuit to Preserve Antitrust Classes in Case Over Altria’s $12.8 Billion Investment
Private antitrust litigation stemming from Altria's 2018 $12.8 billion investment for a 35% economic interest in JUUL is advancing before the U.S. Court of Appeals for the Ninth Circuit. Direct purchasers, indirect purchasers and indirect resellers of JUUL products filed answering briefs this week seeking to preserve class certifications granted by a California federal court in February. Altria and JUUL argue that individual consumers and large distributors differ too much in purchasing terms to remain in a single direct-purchaser class, while a separate dispute concerns whether California antitrust law can apply to indirect purchasers across 27 jurisdictions. A September trial has been put on hold during the appeal.
Sep.23
PMI Expands U.S. ZYN Portfolio With New 1.5 mg and 8 mg Strengths, Moves Toward a Unified 20-Pouch-Per-Can Format
PMI Expands U.S. ZYN Portfolio With New 1.5 mg and 8 mg Strengths, Moves Toward a Unified 20-Pouch-Per-Can Format
Philip Morris International is expanding its U.S. ZYN nicotine pouch portfolio with new 1.5 mg and 8 mg strengths and plans to move its core 3 mg and 6 mg dry-pouch products from 15 to 20 pouches per can in the fourth quarter of 2026. ZYN ULTRA is also commercially available, with FDA authorization covering 10 products at 9 mg and one 11 mg Smooth product. PMI U.S. lists the new 1.5 mg and 8 mg strengths as commercially available, but as of September 10 they do not appear on the FDA’s public authorization list. Public materials do not identify which PMTA submissions cover the two new strengths or their current review status.
Sep.11
HG Innovation, linked to IMiracle and ELFBAR, wins China patent for 6-methylnicotine salts covering vaping and oral products
HG Innovation, linked to IMiracle and ELFBAR, wins China patent for 6-methylnicotine salts covering vaping and oral products
HG Innovation Limited has been granted a Chinese invention patent covering 6-methylnicotine salt formulations and their use in oral and vaping products. The technology forms salts between 6-methylnicotine and alicyclic carboxylic acids, with granted claims extending to oral products, atomization substrates and electronic atomization devices. Applicant-generated tests reported differences in oxidation stability, in-vitro cytotoxicity and aerosol heavy-metal performance compared with selected benzoate or lactate controls. HG Innovation is directly linked to the broader IMiracle and ELFBAR business network.
Sep.04