Vietnamese landlords should consider shifting from their traditional fixed-rent model to base rents and revenue sharing like in many other countries to spread the risk, experts have suggested.
The growth and openness of the economy have made Vietnam an attractive retail market for both domestic and foreign retailers.
Foreign retailers started coming to Vietnam 20 years ago but many of them have had to leave.
VOV.VN - Domestic retailers have gained advantages in the retail market in recent times as a number of well-known foreign retail brands have retreated from the sector.
Rice, one of the seven goods categories foreign retailers are not allowed to distribute without permission in Vietnam, is still on the shelves of Lotte Mart and MM Mega Market.
For a long time, Vietnam has been considered as a potential retail market thanks to crowded population and strong purchasing power but not every retailer is able to succeed in doing business here.
VOV.VN - Retail giant AEON has committed to raising Vietnam’s export turnover through its system to US$500 million by 2020 and US$1 billion by 2025, according to a memorandum of understanding signed between the Japanese firm and the Ministry of Industry and Trade.
Mergers and acquisitions are on the upswing in the crowded Vietnamese retail market, bolstered by local retailers expanding their presence amid fierce competition.
Vietnam’s retail market has developed strongly in recent years, with a large amount of foreign investment poured into the market.
Convenience stores with many advantages are expected to dominate the local retail market, according to experts.
VOV.VN - Local retailing, which has often been considered as a lucrative business, becomes an uninspiring market with many retailers vying to maintain their existing operations and market share, experts have said.
100 selected Vietnamese businesses will participate in a support program to help them reach more customers on Amazon.
Vietnam’s retail market is one of the top five competitive compared to others in the world, heard a seminar held in Ho Chi Minh City on November 7.
In 2014, the retail market witnessed the historic US$879 million transfer of Metro Cash & Carry Vietnam from German Metro Group to the Thai Berli Jucker's (BJC) Group.
Domestic retailers must work to outline rational business strategies to gain a competitive edge over their foreign rivals, especially as the local retail market has become more attractive than ever to foreign investors.
Shopping malls are mushrooming outside Ho Chi Minh City’s central business district, a new report by Jones Lang LaSalle Vietnam says.
In Vietnam, more men buy beauty products, clothes, footwear and phones online than women, a new survey has found.
Many people believe that Parkson will continue contracting after four retail stores have already closed due to massive operating losses.
Ho Chi Minh City’s total retail and service revenue in the first six months of 2018 is estimated at VND502.55 trillion (US$22.11 billion), up 11.7% over the same period last year.
Along with ensuring quality and safety, Vietnamese firms should make their products’ price suitable and meet customers’ demands to sell in foreign distribution channels, said Naohisa Saeki, AEON Vietnam’s Deputy General Manager.