The food processing and drinks industry has seen growth of 7 per cent in recent years, with more and more foreign investors deciding to pour money into the sector.
The Vietnamese market has seen an increasing amount of Japanese goods winning locals’ predilection.
VOV.VN - Japanese and Thai shops and supermarkets are dominating Vietnam’s retail market by offering competitive prices on a wide range of goods from food and household utensils to electronic products.
The trillion-dong street food market will sooner or later belong to foreign businesses if domestic firms do not make proper and professional investment, industry insiders have said.
Convenience stores and mini supermarkets have been witnessing a growth rate of 200% in the last three years.
VOV.VN - The number of convenience stores and minimarts in Ho Chi Minh City has increased 200% over the past 3 years. Economists say Ho Chi Minh City is a lucrative retail market and this trend will dominate the market in the future.
7-Eleven has announced it will open its first shop in Vietnam on June 15. Aeon, MiniStop and FamilyMart have already joined one of the fastest growing retail markets in the world.
In the first four months of the year, the trade deficit was at quite high at around US$2.8 billion.
Japanese commodities and food have become increasingly popular among Vietnamese consumers, creating opportunities for firms from both countries.
VOV.VN -Japanese convenience store chains are rapidly expanding across Vietnam, where demand is strong for the service culture of the East Asian island nation.
Foreign retailers are showing huge appetite for a slice of the convenience store business pie in Vietnam as their investment spree will not be over anytime soon.
Four companies that run the biggest chains of convenience stores in Japan are considering plans to either expand or start their business in Vietnam, local media have reported, citing a Japanese business group.
(VOV) - More than 170 exhibitors from 12 countries attended the November 5 kick-off of the annual Vietnam International Retail and Franchise Exhibition (VIETRF) in Ho Chi Minh City.
7-Eleven might have its own reasons to decide to enter the Vietnamese market in 2017. However, analysts warn it is not as easy to develop convenience store chains in Vietnam as many foreign investors think.
Aeon, the leading Japanese retail and financial services corporation, has announced its US$1.5 billion investment plan to build 20 shopping malls across Vietnam by 2020.