Dong Nai retail sector maintains strong growth

Illustrative image (Source: internet)

The retail sector of the southeast province of Dong Nai has grown at an increasingly rapid pace in the past five years, fuelled by the availability and convenience of shopping facilities.

According to Dong Nai’s Department of Industry and Trade, the province’s retail sector increased by an average 17 percent per year from 2011-2015, during which 166 markets were newly built or upgraded and many modern shopping malls were opened.

Dong Nai’s retail sales in September alone are estimated to reach 10.4 trillion VND (473 million USD), up 0.75 percent from August and bringing the retail sales for the first nine months of this year to 91 trillion VND (4.14 billion USD), up 11.38 percent.

The total retail sales for 2015 are estimated to reach 122 trillion VND (5.55 billion USD), up 12.05 percent from last year.

The network of current shopping facilities – which includes big names such as Big C, Co.op Mart, Lotte Mart, Vincom and Metro – investors from the US, Japan, Singapore, Thailand and Italy have plans to open business in Dong Nai.-VNA