Despite low growth in 2021, the local retail industry is still considered full of potential and will continue to explore areas for new growth.

VOV.VN - Retail petrol prices increased by approximately VND1,000 per litre as of 3 p.m. on February 11 following the latest price adjustments made by the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - Popular Japanese fashion retailer Uniqlo have recently announced plans to open its first Hai Phong store this summer, taking their total number of stores to 11 in Vietnam.

VOV.VN - Retail prices of petrol and oil continued to witness an increase as of 3 p.m. on January 21 following the latest price review jointly conducted by the Ministry of Industry and Trade and the Ministry of Finance.

VOV.VN - The travel event Routes Asia 2022 is set to be held in the central city of Da Nang in June and is expected to welcome 500 participants from 110 international airlines and 30 travel agencies.

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.

The increasing presence of foreign giants has put great pressure on domestic retailers.

The COVID-19 pandemic, with its complicated developments, has given a boost to e-commerce, with non-cash payments accounting for 70% of total retail transactions in Vietnam last year.

Large retail firms are to gain even more market share this year as smaller competitors have been forced to exit the game after prolonged lockdowns and mobility restrictions during recent years, said industry experts.

Foreign investors poured US$9 billion into Vietnamese retail and wholesale markets between January and November, accounting for 2.2% of the country’s total capital, the Ministry of Planning and Investment said.