Many Vietnamese companies, especially those in the consumer goods sector, are racing to make strong investment into their distribution channels to prepare themselves for competing with large foreign corporations. Vinamilk has expanded its retail system nationwide to nearly 200,000 points as of now and still continues to open more stores at the moment. The giant dairy company also invests heavily... 

Despite poor demand in the context of the current economic difficulties, the local market last year witnessed vigorous competition among existing retailers and newcomers. Total sales of retail commodities and consumer services in 2012 marked up 16% against 2011, a modest growth compared to the 20-25% in previous years, the General Statistics Office reports. A.T Kearney removed Vietnam out of the... 

The Ministry of Industry and Trade has just mapped out a fast-track growth plan for modern shopping facilities comprised of supermarkets and commercial centers with an aim to have some 1,500 such facilities nationwide by 2020. Under the plan, modern shopping facilities rather than traditional markets will be the main channel for boosting retail sales. The retail growth at modern shopping facilities... 

Trading centres in Hanoi are struggling to retain tenants and shoppers who are tightening their purse strings in a difficult economic landscape. According to property consulting company CBRE, vacancies intensified in both central business district (CBD) and non-CBD projects, following large tenants’ moving out, while consumer spending was still focused on basic necessities. The average CBD vacancy... 

The total retail sales of goods and services is estimated to grow 18-19% against 2011 inclusive of price hikes, much lower than the rates in previous years as the market is now affected by many factors, including consumption decline. This is a forecast given by the Ministry of Industry and Trade in a report on industry and trade situation in September and the first nine months of 2012, after statistics... 

Tokutokuya, a Japanese newcomer in the local retail industry, on Wednesday opened its first store at 206 Pasteur Street in HCMC’s District 3. This is the third Japanese convenient store chain entering the local market following the presence of two other Japanese retailers – Daiso and Akuruhi. At the newly-opened store of Tokutokuya, consumers can buy many essential products of Japanese quality,... 

Retail sales of goods and services in the first six months of 2012 reached more than 1, 14 trillion, up 18.8 percent compared to the same period last year, according to the Ministry of Industry and Trade (MoIT). Of the total figure, 27 percent come from the tourism sector, 22.8 percent from services and 20.6 percent from hotels and restaurants. This is, in part, thanks to the implementation of some... 

The retail industry is experiencing the gloomiest days with products unsold and merchants leaving the market. Most of the enterprises which got bankrupted in the first four months of the years were retailers. Retailers have become worried stiff as economists have warned that the national economy may fall into the deflation. “Thought the deflation remains just prediction, retailers have every reason... 

Vietnam’s total retail revenue would increase by 23 per cent per year between now and 2014, according to a report by AT Kearney. This meant the Vietnamese retail market would offer many opportunities for both domestic and foreign retail businesses. The report “Vietnam Retail Market Forecast to 2014″ said that modern retail channels would play a crucial role in future growth, improving... 

Retailing has been considered one of the most lucrative business fields. However, the severe market conditions have forced some of retailers quit the market. Fivimart has shut down the supermarket in district 7, the final of its four-supermarket chain in HCM City, in late February 2012. When closing the supermarket in district 7, Fivimart said that it plans to open three new supermarkets in Hanoi...