Vietnam’s retail sector is on track for strong growth, presenting compelling investment opportunities as domestic consumption continues to rise.

Saigon Co.op has stockpiled more than 12,000 tonnes of essential goods traditionally consumed for the upcoming Lunar New Year (Tet) holiday in late January, or 30-50% higher than normal.

As there are only few days left before the Lunar New Year (Tet) holidays, purchasing power is rising sharply and retailers are ready to serve.

Vietnam, with a population of nearly 100 million people, is considered a potential investment market for famous retailers around the world; therefore, many foreign retailers have enhanced their investments.

VOV.VN - Shopping activities are in full swing at commercial centres and supermarkets nationwide, with a diverse, rich, and abundant range of items on offer for the Lunar New Year, known locally as Tet.

With the Lunar New Year (Tet) around the corner, retailers are scrambling to stockpile goods to meet the imminent surge in demand.

WinCommerce, a member of Masan Group, on January 15 held a ceremony to announce its change of the brand name of VinMart retail system into WinMart.

Vietnam’s Masan Group has rebranded VinMart and VinMart+ as WinMart and WinMart+ after it acquired the retail brands from Vingroup over a year ago.