Hong Kong healthcare and beauty retailer Watsons will open its first outlet in Ho Chi Minh City on January 17.
With 12 percent of families having children aged below one and 20 percent of families having one- or two-year olds, the highest proportion in South East Asia, Vietnam is a promising US$7 billion market for companies which provide goods and services for mothers and children.
Pharmaceutical companies are hiring retail chains to distribute their products, rather than develop distribution networks of their own.
Vietnam, a promising retail market for retailers thanks to its young population and economic growth, faces a lack of qualified workers for the sector.
Analysts believe that modern drug retail chains will replace traditional drugstores in the near future, following the trend of modern supermarkets.
The phrase ‘Thai wave’ has been used recently as a series of Thai billionaires have announced the acquisition of retail chains in Vietnam.
There is a growing tendency of seek investment opportunities in the field of service among Japanese companies, heard a workshop in Ho Chi Minh City on December 18.