Miniso has been mentioned repeatedly in local newspapers. The retailer has announced its official presence in Vietnam through a franchise contract signed with Le Bao Minh Group.
he departure of the former owners of Big C and Metro Cash & Carry supermarkets is expected to intensify competition in the retail field.
VOV.VN - An international expo – IFLE Vietnam 2016 – showcasing all different kinds of footwear, handbags, leather goods, brand name products and trendy fashion accessories for the retail market has gotten underway in Ho Chi Minh City.
Vietnam’s retail sector posted an average growth rate of 7.3% per year during the 2010-2015 period with sales last year up 10% to reach US$112 billion, of which modern retail channels accounted for about one fourth of distribution.
Vietnam has continuously been listed among the world’s top 30 attractive emerging retail markets since 2008, according to the ranking in the Global Retail Development Index of the US’s AT Kearney Company.
Working on regulations to oversee the competitive power wholesale market are to be completed by June 2017.
VOV.VN - Aeon Mall now owns four shopping malls and nearly 50 shops in Vietnam after two years joining the country’s retail market.
Vietnam is showing huge potential for franchising, with dozens of franchises having been established and more new brands expected to enter the market in the next five to 10 years, according to analysts.
Vietnam’s consumption of electronic and electrical appliances is expected to rise from 7.3% to 11.9% by 2020, thanks to a new focus on its youthful consumers.
Analysts said that Japanese FDI (foreign direct investment) had decreased in industrial sector but was showing growth in the service sector.
VOV.VN - Imported meats from India, Australia, the US and the Republic of Korea (RoK) are flooding the domestic retail market and can be found in barbeques and kitchens across the nation, reports the Vietnam Husbandry Association (VHA).
French company Groupe Auchan has stepped into Vietnam’s growing competitive retailing market through its arm AuchanSuper.
Research conducted by Germany's Statista Market Research Company showed that the scale of Vietnam's retail market could reach US$100 billion in 2016.
The Saigon Asset Management Corporation (SAM), a Cayman Islands exempted company, signed a deal on January 5 that will enable it to become a strategic partner of My Chau Investment Corporation, owner of the My Chau drug store chain.
Gone is the time when big fish swallow smaller fish. It is now the time when faster fish will eat slower ones, according to Nielsen.
The online food ordering group Food Panda has ended its operation in Vietnam, citing financial difficulties though it still describes the country as a potential market.
Mergers and acquisitions are churning the Vietnamese retail market, with large domestic players buying out rivals and massive investment by foreign retailers.
The retail market is seeing an invasion by foreign retailers, which has brought pressure on local businesses who lack financial capacity or experience.
Vietnamese consumers are making their way from traditional markets into air-conditioned, brightly-lit convenience stores.
Vietnam’s retail market is set to grow by 8.4 per cent by 2020, making it one of the fastest-growing markets in Southeast Asia, according to InsideRetail.asia, Asia’s leading authority on retail industry news and trends.