• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Talk Vietnam

All About Vietnam

  • Home
  • About Us
  • Contact Us
  • Disclaimers
  • DMCA
  • Privacy Policy
  • Submit your story

Vietnam listed among top six most-attractive retail markets

December 14, 2017 by ven.vn

Tuan made the remarks at the Vietnam Retail Forum 2017 which was held by the Association of Vietnam Retailers (AVR) in Hanoi on December 12.

Tuan said that according to the Global Retail Development Index (GRDI), released by the US-based A.T. Kearney in June this year, Vietnam’s retail market has increased significantly in recent years and attracted a large number of foreign merchants.

A series of giant retailers from Japan, Thailand, the Republic of Korea, and France have boosted their investments in Vietnam, showing the allure of Vietnam’s retail market with a large and youthful population of more than 90 million.

However, Tuan stated that Vietnam’s retail market has become more competitive, creating huge opportunities and challenges for domestic enterprises.

He added that the forum is an opportunity for Vietnamese retailers and members of the AVR to put forth appropriate strategies for meeting market demand and increasing their market share.

Dinh Thi My Loan, chairwoman of the AVR said that over the past ten years, the Vietnamese retailer community have managed to stand firm in the face of difficulties and the wave of foreign investment in the retail sector, noting that they have gradually adapted to the new situation and improved their competitiveness.

Ten years after joining the World Trade Organisation (WTO), Vietnam’s retail market has seen increasing prosperity, becoming one of the most attractive potential markets for foreign investors.

The wholesale and retail sector now accounts for 14% of the national GDP. In addition, sales revenue in retail has expanded strongly from US$88 billion in 2010 to US$158 billion in 2016, surpassing the statistics forecast by many foreign market research services.

Loan said that Vietnam’s retail sector should promote its growth through innovation and the application of technology in retail distribution while assisting domestic retailers in bringing Vietnamese goods to regional markets.

Theo NDO

  • Experts optimistic on Vietnam’s M&A scene
  • PVN, PV Gas top Profit500 list
  • India surpasses US as most attractive investment destination: Survey
  • 'India surpasses US, China as most attractive investment destination'
  • Korean M&A wind blows into finance
  • Guiding light for next-gen FDI strategy
  • BUSINESS NEWS HEADLINES DEC. 4
  • BUSINESS NEWS HEADLINES DECEMBER 6
Vietnam listed among top six most-attractive retail markets have 352 words, post on ven.vn at December 14, 2017. This is cached page on Talk Vietnam. If you want remove this page, please contact us.

Filed Under: Society Society, lacklustre retail market, vietnam tourism attractions, retail marketing campaigns, retail market definition, retail market growth, retail market canada, retail market analysis example, european retail market, food retail market, fashion retail market, grocery retail market, retail market in india, retail market in china, retail market in canada, retail market information, retail market news, retail market overview, retail market of india, retail market research companies, retail market research reports

Primary Sidebar

RSS Recent Stories

  • Deputy PM works with WTO deputy director-general in Geneva
  • Huge haul in new markets for Vietnam’s tra fish exports
  • President Ho Chi Minh’s thought remains alive: Korean professor
  • Vietnam, U.K. strive to lift trade and investment relations
  • U.K. attaches importance to agriculture cooperation with Vietnam
  • Vietnam, Cambodia build common border of peace, friendship: Spokeswoman
  • Forum promotes application of int’l financial reporting standards in Vietnam
  • Vietnam Airlines Group to offer 7.1 mln seats during summer
  • Vietnam seeks to expand economic cooperation with Algeria
  • Vietnam facilitates long-term operations of foreign firms: Spokeswoman

Sponsored Links

  • UK, Denmark, and Australia Report Highest Daily Covid-19 Cases
  • Paolo Sorrentino’s Italian drama The Hand Of The God premieres on Netflix
  • The best movie scenes of 2021
  • Windows 11’s Default Command Line Catches up to Mac and Linux
  • What Is the Log4j Flaw, and How Does it Affect You?
  • Commander Keen 4: The First and Only Video Game I Loved
Copyright © 2022 Talk Vietnam. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story