Despite the impact of the COVID-19 pandemic, the retail market in Vietnam in the first quarter of this year still recorded positive results from e-commerce, online shopping and delivery services.
Vietnam’s retail sector has actively adapted to better serve the rising number of customers now shopping online more often due to the COVID-19 pandemic.
VOV.VN - Domestic businesses have invested approximately US$431.7 million abroad during the first nine months of the year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Under the influence of the fourth industrial revolution, the local retail sector is changing quickly and following four main trends, heard attendees at a recent seminar in Hanoi.
Vietnam’s retail market, one of the three most dynamic in Asia-Pacific, grows 12 percent annually, making it a new rich land for franchisers.
The retail sector plays a core role in Ho Chi Minh City’s economic growth, heard a workshop held recently by the municipal Department of Industry and Trade to discuss building a list of key trade and service products.
Capital contribution and share purchases by foreign investors via mergers and acquisitions (M&As) in HCMC amounted to some US$2.5 billion during the year up to late May, 3.6 times higher than the value of foreign direct investments, according to the HCMC Department of Planning and Investment.
VOV.VN - Ho Chi Minh City will become a centre of trade in Southeast Asia by 2030, according to the city’s authorities.
Parkson’s demise in Vietnam marks an important transition in the retail sector due to changing shopping behaviours and the rise of shopping malls invested by competitors like Lotte, AEON Mall, and Vincom.
Against global recession and financial crisis, Vietnam’s retail industry has cemented its position in the economy as an effective bridge between producers and consumers, actively orienting buyers towards domestic products.
The upward trend of investment into the Vietnamese retail sector is raising the number of retail stores in the country’s big cities, which results in higher demand for prime locations in attractive real estate projects.
A large number of foreign investors are expressing their keen interest in Vietnam’s retail market, according to a report of The Economist Intelligence Unit (EIU) issued on February 27.
Mekong Capital's fourth fund Mekong Enterprise Fund III Limited Partnership (MEF III) plans to invest 112 million USD in Vietnam.
The future of the Vietnamese retail sector was extensively discussed at a seminar held in Hanoi on May 18, in the context of serial acquisitions by foreign retailers.
Vietnam’s retail sector offers great potential for investors in the context of various free trade agreements and the Trans-Pacific Partnership the country has signed, which are expected to boost investment flows, heard at a recent conference.
Vietnam's retail sector is witnessing an unprecedented, intense race that will potentially shake up the whole market and reveal where local companies may stand amid a strong invasion of foreign investors.
The Vietnamese retail market has seen some mergers and acquisitions (M&A) between foreign and Vietnamese enterprises, thanks to the huge development potential of the retail sector.
The domestic retail sector is expected to be the largest creator of jobs this year, according to a job survey conducted by Navigos Search, a leading provider of executive search and management consultancy services in Vietnam.
Vietnam boasts a huge potential for the development of convenience shopping outlets, market research company Nielsen Vietnam said in its report released during a roundtable in Hanoi on May 29.
The considerable potential of Vietnam's domestic retail market is being actively promoted by large retailers looking to expand their businesses at a faster pace.