Vietnam - an attractive retail market: research
10:42, 2016/02/01
Research conducted by Germany`s Statista Market Research Company showed that the scale of Vietnam`s retail market could reach 100 billion USD in 2016.
With a young population and increasing number of people visiting commercial centres, the country's retail industry holds huge potential.
Big retailers from Japan, Thailand, France and Germany have poured into the retail market, creating fierce competition.
The Economist Intelligence Unit also announced its report on the prospects of various sectors in 2016.
It said the retail sector's revenue could see stable growth of 2.7 percent this year.
It added that the liberalisation of the retail industry would help Vietnam become an extremely attractive market, especially in e-commerce.
Big retailers from Japan, Thailand, France and Germany have poured into the retail market, creating fierce competition.
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It said the retail sector's revenue could see stable growth of 2.7 percent this year.
It added that the liberalisation of the retail industry would help Vietnam become an extremely attractive market, especially in e-commerce.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years