The Hanoitimes - Retail is attractive for investors as the industry has advantages after foreign wholly-owned retail firms have been allowed to set up in Vietnam and taxes imposed on most of goods imported from other ASEAN countries to Vietnam are exempted under the ASEAN Common Trade Area. Fierce competition predicted for Vietnam’s retail leasing industry CBD becomes decisive to Hanoi retail market in Q1/2019 Competition for Vietnam’s retail market set to intensify: Experts Vietnam’s retail space market: Foreigners vie for bigger slice of cake Vietnam’s retail industry is continuing to see more merger and acquisition (M&A) deals made by both domestic and foreign investors thanks to a rising income of local consumers and free trade agreements, but the competition in the market is also becoming fierce, experts said. South Korea’s GS 25 is completing final procedures to acquire Zakka Mart VinCommerce, the retail arm of … [Read more...] about M&A in Vietnam’s retail industry on the rise in 2019
Vietnam retail industry
More than 400 retail industry experts and representatives took part in the “The Future of Vietnam’s Retail Industry” seminar in HCM City (Photo: VNA) HCM City (VNA) - Future trends of the Vietnamese retail market, including the use of digital and AI, were discussed by more than 400 retail experts at a seminar organised in HCM City on February 28 by Vincom Retail Joint Stock Company. According to Ngo Tri Long, an economic expert from the Ministry of Finance, noted that Vietnamese business are taking the lead in reinventing consumption trends and improving the standard of living in Vietnam. The successful retailer, he said, is one with strong capacity who understands what consumers need. He said the main trends in the retail industry include improving customer’s experiences; combining retail and cultural activities; applying technologies in the retail system; integrating physical and digital; and the rise of APAC brands. Rebecca Pearson, Deputy Director of … [Read more...] about Vietnam’s retail market sees new trends
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
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?