HCMC's retail market increases strongly

HCMC's retail market increases strongly

According to the Department of Industry and Trade of Ho Chi Minh City, since the beginning of this year, total goods retail sales and service revenues were estimated at nearly VND600 trillion, an increase of 12.2 percent over the same period last year while it was 12.5 percent last year.
Retail sector adviced to focus on digital marketing, online selling app

Retail sector adviced to focus on digital marketing, online selling app

According to Savills Vietnam’s latest report on trend of retail sector, retail market in Vietnam will grow at 25- 30 percent yearly and has great potential; however, retail firms should focus on digital marketing and online selling apps to survive and develop.
Vietnam’s retail market is estimated to have large potential

Vietnam’s retail revenue nears $129 billion

Retail revenue in Vietnam approximated US$129 billion in 2017, a year on year increase of 11 percent and a quite high ratio compared to the Southeast Asia region, according to a report by Savills Vietnam Company yesterday.

Consumers at a domestic supermarket (Photo: SGGP)

Domestic supermarkets gradually losing competitive ability

Vietnam is estimated to be one of the most attracting retail markets in the world, however modern distribution channels such as supermarkets, convenience stores and commerce centers have gradually fallen into foreign firms who have held up to 53 percent revenue.