Vietnam Retail Market Blooming In 2011
Ministry of Industry and Trade said that in 2010 the retail market in goods and services has grown up to 24.5%, with revenue of 1561 trillion VND. This is a high growth rate than expectation, affirming the importance and potential of the domestic market.
Moreover, modern delivery channels in Vietnam still do not develop as much as the neighborhood, so there are many potential opportunities for local and foreign investment.
Retailers from Japan and Korea are quickly establishing their business with shopping centers and hypermarket, for example Family Mart of Itochu company from Japan. Another module is department store with a complex of shopping, food court, entertainment zone.
The development of information technology provides a modern channel for trading. E-commerce makes trading on the internet quicker and more convenient, which adapts to requirement of urban people.
On January 15th in Hanoi, at conference “Overview of vietnam distribution and retail in 2011”, Dr. Dinh Thi My Loan- vice president of the Association of Vietnam Retailers (AVR) stated “ Modern retail market will continue to grow strongly preferred by consumers . In 2011, we will have some significant changes. Specifically, large supermarket will develop dramatically in the years of 2011 - 2012 and start to slow down in big cities. Small supermarkets will become more and more popular. In particular, the shopping centers, department stores with average and high standards products will meet the diverse needs of consumers.
VIPC Capital Management prides itself to be a reliable partner with entrepreneurs in local and foreign as well. Cooperation not only benefits the two sides but also make a push to Vietnam retail market.
For more information please contact ngan.nguyen at vietpartnersplus dot com
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