Vietnam among top five Asian retail markets

Vietnam’s final consumption expenditure per gross domestic product has reached 70 percent, of these 90 percent is private consumption, making the country one of the top five development retail markets in Asia, said chairwoman of the Vietnam Retailers Association Dinh Thi My Loan.
However, foreign firms have strongly invested in Vietnam, putting local retailers in many challenges.
Many of local companies have showed weakness in long term development strategies, financial potential and logistics. Their warehouse system has been slim and delivery network unprofessional.

By T. Mai – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market