Keyword: "retail sector"

Vietnam’s growing retail sector is creating opportunities for the domestic real estate market, experts say.

Positive factors seen in Vietnam’s retail sector would bring opportunities for the domestic real estate market. The Ministry of Industry and Trade forecasts that in 2025, the retail market is projected to reach 350 billion USD, contributing 59% of the total state budget.

Nearly 90% of retail associates believe they can provide better customer experience when they have mobile technology tools to help simplify real-time communication and prioritise tasks as well as check prices and inventory.

Established in Vancouver recently, Renso Foods has risen to be a popular supplier of Vietnamese products in Canada, a market with high demand for processed food and a stable retail sector.

The ASEAN digital economy market reached 194 billion USD in 2022 and Indonesia contributed up to 40%, said Rizal Edwin, expert staff for Digital Transformation, Creativity, and Human Resources at the Coordinating Ministry for Economic Affairs of Indonesia.

Although 2023 is forecast to see many difficulties, experts expect this is a recovery year of the retail sector after COVID-19 pandemic as there are many signs showing the return of investors and higher demands.

Large Vietnamese retailers are trying to expand their scale, exerting competitive pressure on foreign competitors to find opportunities in the retail sector.

WinCommerce, the retail arm of Masan Group, which operates WinMart/WinMart+ supermarkets and minimarts, has planned to open over 700 new WinMart+ stores and more than 20 WinMart supermarkets and hypermarkets in the remaining months of 2022.

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.

Many businesses have been forced to implement social distancing rules due to the COVID-19 pandemic, and the retail sector has been hit hard.

Following its success in previous years, the Vietnam International Retail Tech and Franchise Show will see its 11th edition organised in Ho Chi Minh City this week.

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.

Maximising the shopping experience with the help of digital in-store solutions is key for future success in the consumer goods sector, delegates said at a seminar held in HCM City on June 27.

Vietnam’s retail sector earned about 129.6 billion USD in 2017, a rise of 10.6 percent from the previous year, according to a report on global retail market trends of Savills Vietnam retail consultancy.

HCM City’s retail sector has been growing steadily, achieving an 11.3 percent increase by the end of 2017 compared to 2016, according to the city’s Department of Industry and Trade.

The retail sector faces a high rate of employee turnover, hampering firms’ long-term development, argues a recent report by Navigos Group, the country’s leading human resources recruiter.

The fast-moving consumer goods (FMCG) market is expected to see good expansion towards the end of this year thanks to stronger purchasing power in both urban and rural areas, experts said.

The year-end peak season has been an excellent one for the retail sector in Ho Chi Minh City.

Vietnam’s potential for e-commerce development in the retail sector could achieve 10 billion USD in revenue by 2020, accounting for half the country’s total retail sales.

Vietnam’s potential for e-commerce development in the retail sector could achieve a 10-billion USD revenue by 2020, accounting for half the country’s total retail sales.