As many as 40,000 mom-and-pop stores nationwide have been digitalised thanks to the VinShop mobile app developed by Vietnam’s biggest conglomerate Vingroup.

Vietnam’s total revenue from retail trade and services reached over VND5 quadrillion (US$219.5 billion) in 2020, representing a modest yearly rise of 2.6%, according to the General Statistics Office (GSO).

The COVID-19 pandemic caused retail revenue to drop sharply in 2020, impacting the domestic retail property market, according to Savills Vietnam.

Ho Chi Minh City’s gross regional domestic product (GRDP) hit VND1.37 quadrillion (US$59.4 billion at current exchange rate) in 2020, a year-on-year increase of 1.39%.

Retailers in HCM City are focusing on stimulating demand for the Lunar New Year (Tet) holiday in February and ensuring that supply is adequate and food safety standards are met.

The Vietnam Electricity (EVN) is eyeing the operation of a competitive retail electricity market in 2021 following its official run of a competitive wholesale market since 2019.

The export of Vietnamese goods via the distribution networks of foreign retailers has proven to be an effective and sustainable channel, Deputy Minister of Industry and Trade Do Thang Hai told a conference in Hanoi on December 17.

VOV.VN - Coffee chain Cafe Amazon, which has over 3,500 branches throughout Thailand, is scheduled to open its second store on Phan Xich Long street in Phu Nhuan district of Ho Chi Minh City.

Landlords need to be more open to different kinds of tenants to meet the actual requirements.

The race for domestic retail market share was heating up as local and foreign firms looked to expand their networks, experts said.