Vietnam Retail Forum reviews 10-year retail market growth

The Vietnam Retail Forum, themed “10 years of retail market and challenges in the future”, was held in Hanoi on December 12.
Vietnam Retail Forum reviews 10-year retail market growth ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The VietnamRetail Forum, themed “10 years of retail market and challenges in the future”, washeld in Hanoi on December 12. 

Speaking at the event, Chairwoman of theAssociation of Vietnam Retailers (AVR) Dinh Thi My Loan said 2017 marks the 10th founding anniversary of the AVR and 10 years since Vietnam entered the WorldTrade Organisation.

Over the past decade, the AVR has strived todevelop a modern and consumer-oriented retail industry, served as a bridgebetween manufacturers and consumers and spread the campaign “Vietnameseprioritise Vietnamese goods”.

Hoang Anh Tuan, deputy head of the Ministryof Industry and Trade’s Domestic Market Department, said the AVR now has 216members compared to 100 at its establishment.

He lauded the AVR for connecting its memberswith State management agencies, giving feedback on retail-related laws andpolicies and refining policies on managing foreign retailers.

As a member of the domestic market monitoringgroup, the AVR has directed member firms to deal with fluctuations in marketsand held seminars discussing Vietnamese goods in the modern retail system.

In 2017, Vietnam jumped five spots to sixthplace in the 2017 Global Retail Development Index (GRDI) released by the US’smanagement consulting firm A.T. Kearney. The country was also among the top 30developing countries for retail investment worldwide.

With favourable government policies,urbanisation, a growing middle class and a relatively young population, foreignretailers are positive about the country, according to A.T. Kearney.-VNA
VNA

See more

Illustrative image (Photo: VNA)

Ministry responds to escalating global trade tensions

Amidst the complicated developments in the global market, the MoIT has directed foreign market departments and Vietnam’s trade offices abroad to closely monitor market trends, as well as economic, political, and policy changes in the region and the world that could impact trade with Vietnam.

The Vietnamese online shopping and food delivery sector used about 160,000 cardboard boxes and 171,000 tonnes of plastic, mainly single-use plastic, in 2024. (Photo: vneconomy.vn)

Ministry proposes developing green e-commerce law

The MoIT's draft proposal to develop the Law on E-commerce will be included in the National Assembly's law and ordinance development programme in 2025 and will be presented to the NA for consideration and comments in October 2025, before being approved at a NA meeting in May 2026.

In 2025, Goertek will invest in a new project and bring more experts and new technology equipment to Vietnam. (Photo: Goertek)

Vietnam expects big FDI wave in 2025

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.

The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)

Nearly 200 projects registered in Quang Tri's IPs

Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.