1. Vietnam Retail Market Blooming In 2011
After being affected by the global crisis in 2007, Vietnam economy has gradually marked
its recovery. Though these other business still have not turned back to the usual growth,
retail market is claiming itself a promising opportunity for investors.
Ministry of Industry and Trade said that in 2010 the retail market in goods and
services has grown up to 24.5%, with revenue of 1561 trillion VND. This is a
high growth rate than expectation, affirming the importance and potential of the domestic
market.
Moreover, modern delivery channels in Vietnam still do not develop as much as the
neighborhood, so there are many potential opportunities for local and foreign investment.
Recently, Big C, Lotte Mart, Metro, Parkson, Saigon Cooperation are four big retail
brand in Vietnam. But with the quick growth of customers’ demands, these companies
have not satisfied them yet, especially demand from rural places - “a large and
undiscovered land”, where living standard is being improved greatly.
Retailers from Japan and Korea are quickly establishing their business with shopping
centers and hypermarket, for example Family Mart of Itochu company from Japan.
Another module is department store with a complex of shopping, food court,
entertainment zone.
The development of information technology provides a modern channel for trading. E-
commerce makes trading on the internet quicker and more convenient, which adapts to
requirement of urban people.
On January 15th in Hanoi, at conference “Overview of vietnam distribution and retail in
2011”, Dr. Dinh Thi My Loan- vice president of the Association of Vietnam Retailers
(AVR) stated “ Modern retail market will continue to grow strongly preferred by
consumers . In 2011, we will have some significant changes. Specifically,
large supermarket will develop dramatically in the years of 2011 - 2012 and start to slow
down in big cities. Small supermarkets will become more and more popular. In
particular, the shopping centers, department stores with average and high standards
products will meet the diverse needs of consumers.
VIPC Capital Management prides itself to be a reliable partner with entrepreneurs in
local and foreign as well. Cooperation not only benefits the two sides but also make a
push to Vietnam retail market.
For more information please contact ngan.nguyen@vietpartnersplus.com