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Rising Food Retail Sales Propelling Vietnam Retail Market

01-24-2013 01:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: RNCOS E-Services Pvt. Ltd.

/ PR Agency: RNCOS E-Services Pvt. Ltd.
Food retail sales are projected to grow at a CAGR of 25.7% during 2012-2015, says RNCOS in its latest research report.

Food retail sales are projected to grow at a CAGR of 25.7% during 2012-2015, says RNCOS in its latest research report.

Food retail sales have been increasing continuously in the country from the past few years. The market is witnessing tremendous growth on the back of rising demand for western foods, dried processed food, and packaged convenience foods. In addition, the rising purchasing power and infrastructure developments are also helping food retail sales to grow. The modern retail formats, such as hypermarkets, air conditioned minimarts, supermarkets, and small shopping complexes are also changing consumption patterns and attracting many consumers in this regard. Further, growing middle class and changing lifestyle will propel its demand in the country. Therefore, considering all the factors, it is anticipated that the food retail sales will grow at a CAGR of 25.7% during 2012-2015.

According to our research report, “Vietnam Retail Market Forecast to 2014”, retail sector in Vietnam is showing dynamic growth since the past few years due to increasing modernization, rising number of global giants, and mounting disposable income. Further, as per our findings, the number of modern retail stores is increasing in the country, which is attracting a number of foreign investors and international brands. Moreover, the changing government regulations and consumer increasing attention towards modern retail concepts are also favoring the growth of the Industry.

Our report also covers an in-depth analysis of the market performance by non food retailing sector including clothing, footwear, cosmetics and furniture. It also covers the consumer electronics market along with TV sets, mobiles, computers and washing machines. It provides the study on performance of the industry by province and by ownership along with their segments and also covers a detailed analysis of the consumer behavior including their lifestyles, shopping habits, and purchasing behavior.

Our report, “Vietnam Retail Market Forecast to 2014”, elaborates the industry’s current and past performance, and presents forecasts to depict a clear and balanced picture of the Vietnamese retail market. It covers the emerging trends of the industry along with its roadblocks. Moreover, it also provides the comprehensive analysis of the retail formats including traditional and modern stores. Therefore, our research report presents the most unbiased market picture that will prove decisive for our clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM337.htm

Some of our Related Reports are:

- UAE Retail Industry Forecast to 2015 (http://www.rncos.com/Report/IM458.htm)
- Indian Online Retail Market Analysis (http://www.rncos.com/Report/IM421.htm)
- Global Cosmeceuticals Market Analysis (http://www.rncos.com/Report/IM366.htm)
- Middle East Retail Sector Forecast to 2013 (http://www.rncos.com/Report/IM196.htm)
- South African Retail Industry Forecast to 2013 (http://www.rncos.com/Report/IM275.htm)

Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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