Many giant international retail groups such as Auchan, Robinson and
Walmart are likely to set up more convenience stores, supermarkets and
big commercial centres in Vietnam when the country completely opens
its retail market next year, said the Vietnam Business Forum Magazine
(VBF).
Foreign business associations have urged the Government to loosen and
make more transparent the economic needs test (ENT) that foreign
retailers have to pass to establish their second and subsequent outlets.
Retail sales value of goods and
services in July surged 0.12 percent to 189.18 trillion VND (9.10
billion USD), according to the General Statistics Office (GSO).
Vietnam is less attractive to global retailers, failing to make the
list of top 30 developing countries for retail investment in the 2012
Global Retail Development Index, published by US-based consulting from
A.T. Kearney on June 12.
Total retail sales of commodities and services surged by 24.5 percent
year on year to 1,561 trillion VND (roughly 78 billion USD) in 2010, or
1,100 trillion VND higher than the set target.
Vietnam ’s retail market weathered the global financial crisis to reach a year
on year sales growth rate of 18.6 percent in 2009, although the market was
opened just over a year ago.
Vietnam ’s retail market is still attractive to domestic and
foreign investors despite its fall from the top five to the sixth
position in the latest survey of 30 emerging markets conducted by the
consulting firm A.T.Kearney.
