Vietnam is a still young retail market and has lots of development potential.
Auchan Retail Vietnam would have to face great challenges in an increasingly competitive market if it wants to reach the target of expansion.
The local pharmaceutical retail market is proving a turning point to change its outlook together with an approach of giants of mobile devices and electronics distribution.
Thanks to the ecosystem combined among HDBank, PGBank, Petrolimex and Vietjet, HDBank expects to have around 40 million customers in the future.
In the retail market with fierce competition and numerous retailers, whether the decision to open supermarket chain including Qmart and Qmart+ is the "gamble" of Do Quang Hien, Chairman of T&T Group.
The Division of Competition and Consumer Protection (under Ministry of Industry and Trade) has just announced its approval of Mobile World JSC (Mobile World)’s acquisition of Tran Anh Digital World JSC (Tran Anh) despite some concerns it would reduce the number of competitors in the retail market for IT products.
According to Cushman & Wakefield, one of leading global real estate services firms, retail locations that allow credit cards should be more prevalent as tourists long for fast shopping experience.
With 21 global economies participating in the APEC 2017 Economic Leaders' Week, Danang’s tourism and retail market will be benefited enormously.
It is expected that in 2020, Vietnam retail market will gain US$11 billion from online retail, compared to US$4 billion in 2015, according to predictions just announced by Savills Vietnam, one of leading real estate consultancy firms.
According to a quarterly report just launched by the leading US real estate consultancy firm CBRE, in the first eight months of 2017, Vietnam received a total of US$23.4 billion from 1,624 newly licensed projects which witnessed an increase of capital and activation of stakeholders’ purchase, a 45.1 per cent year-on-year increase.
With different strategies, numerous large retail brands in the world continue to set foot in Vietnam and intensify the competition for market share.
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Vincom Retail, the largest shopping mall operator in Vietnam, is planning an initial public offering (IPO) worth about US$600 million, a move considered as a retail market provocation and the second largest share sale since 2007 in Vietnam.
Recently, “giant retailer" 7-Eleven officially opened its first store in Ho Chi Minh City, forecasting that the Vietnamese retail market will continue to have fierce competition in the future.
