The Hanoitimes - In the race to gain market share in retail space, many people are worried about the inferiority of domestic investors before the progress of big players from Japan and Thailand. IKEA to buid US$450-million retail center in Hanoi What 2019 will hold to Vietnam’s retail landscape? Competition intensifies in Vietnam’s retail market World major brands flock to Vietnam retail market Hanoi retail market sees slightly increasing rent in Q3/2018: C&W The market penetration race Total retail sales of goods and consumer services in 2018 increased by 12.2% compared to 2017. In fact, the Vietnamese retail market is on the rise with great attraction for foreign businesses. A series of famous retailers from Japan, Thailand, South Korea and France have rushed into Vietnam to compete for market share. Foreign retailers are gaining footing in Vietnam. In particular, it is worthy mentioning important milestones in the Vietnamese market for … [Read more...] about Vietnam’s retail space market: Foreigners vie for bigger slice of cake
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VietNamNet Bridge - The total retail and consumption revenue in Vietnam saw positive growth, with the growth rate higher than GDP growth rate. The number of retail sale points has increased rapidly in the last few years The number of retail sale points has increased rapidly in the last few years. Of these, shopping malls have been growing by 11.3 percent per annum in CAGR (Compound Annual Growth Rate). Meanwhile, the development of traditional markets is slowing down, at 0.9 percent per annum. Since January 2015, 100 percent foreign owned retailers can be established in Vietnam. 100 percent of import tariff lines, i.e, nearly all import products, have been lifted since 2018. The M&A wave in the retail industry in early 2016 has become stronger in recent years. According to VCB Securities, there were only 18 M&A deals in 2005, valued at $61 million, but the figure rose to $10.2 billion in 2017. In 2015-2017, the number of supermarkets, hypermarkets and shopping centers saw … [Read more...] about What awaits Vietnam’s retail industry in 2019?
The Hanoitimes - With strong investment in acquiring retail businesses, this market is forecast to be more and more competitive, and the game seems to be only for big players. Vietnam retail industry is considered to be continued attracting domestic and foreign investors. Vietnam’s retail industry is expected to see fiercer competition as more domestic and foreign players seek to increase their foothold in the nearly-100-million market. Illustrative photo According to the General Statistical Office, wholesale and retail in Vietnam accounts for more than 14% of the country's GDP. Retail is among the six industries attracting the largest foreign investment. Vietnam is also assessed by Nielsen as a potential retail market. BMI estimated that by 2017, Vietnam's market value of goods consumption was about US$120 billion, annual growth rate was nearly 10% in the period of 2012 - 2017. The country’s economy is one of the fastest developing commodity markets among the … [Read more...] about What 2019 will hold to Vietnam’s retail landscape?
The Hanoitimes - Thanks to high demand for retail space, the vacancy rate fell to 6% in Q3/2018 from 11% in the same period last year, Cushman & Wakefield Vietnam’s report showed. Market-wide average rent in Ho Chi Minh City (HCM City) in the third quarter (Q3) of 2018 climbed 5.6% on quarter and 7.4% on year to approximately VND1.27 million (US$54.5) per square meter per month (sq.m/m) due to high demand for retail outlets, Cushman & Wakefield (C&W) Vietnam said in a report. Illustrative photo Tenancy mixes on food and beverage (F&B) in shopping malls are on the rise, driving up rental during the quarter, according to Vo Thi Phuong Mai, head of Retail at Cushman & Wakefield Vietnam. Over 40% of tenants in The Estella Place are F&B brands. Golden Gate, Red Sun and Mesa Group are anchor tenants while Vincom Retail continues to expand their reach across the country by acquiring Fivimart, a 23-supermarket chain in the north, … [Read more...] about Demand drives up rent in HCM City’s retail market: C&W
VietNamNet Bridge - Retail giants from Japan, Thailand, Korea and France have come to Vietnam lured by the growth of the urban population, according to Jones Lang LaSalle (JLL) Vietnam. JLL released a brief report on Asian and European retailers ready to penetrate the market of more than 90 million people.The report pointed out evidence of the expansion of foreign retailers in Vietnam's market. At the end of 2014, Berli Jucker Plc (BJC) acquired Metro Cash & Carry Vietnam at the cost of 655 million euros, the largest ever M&A deal at that time, which signaled the penetration into Vietnam's retail market of Thai groups. Shortly after, another giant from Thailand – the Central Group - acquired Nguyen Kim - one of the leading electronics retailers in Vietnam and then Big C. In October 2015, Emart – Korean leading retailer - inaugurated a $60 million shopping mall in north Saigon, where another Korean retailer - Lotte Mart - has been successful with 11 supermarkets … [Read more...] about Vietnam’s retail lures foreign capital because of urban population growth