Domestic retail market ample room for development

In addition to improving service quality and restructuring models, retail systems have continuously increased the number of their stores and supermarkets in Vietnam, showing that the domestic retail market still has an ample room for development.

With various advantages and favourable conditions, the domestic retail market is forecast to continue to be a bright spot of growth in the coming time.

According to the General Statistics Office, Vietnam’s total retail sales of consumer goods and services during January-May increased 8.7% year-on-year to top 101 billion USD.

The office said the domestic retail market still has a lot of room for retailers to develop both in width and depth, as the average income of people is increasing.

Experts commented that retail businesses, including big foreign retailers, see the trend of the Vietnamese retail market with great potential. This will be the driving force for domestic retail to aim for higher standards, and protect and develop brands./.