The Ministry of Industry and Trade (MoIT) has held a consultation workshop on a draft plan to develop outlet and duty-free store models in Vietnam through 2030, with a vision to 2045, as the country’s fast-growing retail market still lacks modern, market-leading formats.

VOV.VN - Thai conglomerate Berli Jucker Pcl (BJC) plans to spend about THB22.5 billion (more than US$700 million) on a deal to acquire full ownership of MM Mega Market Vietnam, strengthening its presence in one of Southeast Asia’s fastest-growing consumer markets.

Vietnam’s retail market is at a turning point, shifting from traditional models to modern ones, and from mass consumption to smart and sustainable consumption. Therefore, retail enterprises are advised to move toward modern, digitalised, and sustainable management and business practices.

International specialty products are making significant inroads into Vietnam's domestic retail channels, offering consumers an expanding array of culinary and cultural experiences through strategic marketing and distribution networks.

A delegation from the US Department of Agriculture led by Undersecretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor is in Vietnam from September 9 to 13 to promote trade.

“Taste of Australia”, a promotion event to introduce Australian food and beverage products, opened at MM Mega Market An Phu in Ho Chi Minh City on December 7.

A visiting delegation from the US state of Nebraska led by its Governor Jim Pillen visited MM Mega Market in Ho Chi Minh City’s Thu Duc city on July 11 to learn about what Vietnamese customers look for at the grocery store and distribution networks in Vietnam.

A food tasting programme, Taste France 2023, has been launched recently at MM Mega Market Thang Long as part of celebrations to mark the 50th anniversary of France-Vietnam diplomatic relations and 10 years of strategic partnership between two countries.

The presence of foreign-invested enterprises in Vietnam's retail sector has increased competition among businesses, jointly regulating supply and demand in the domestic market.

VOV.VN - Foreign retail giants such as Central Retail, AEON, and MM Mega Market have set their sights on capturing a larger share of the Vietnamese market, according to industry insiders.