- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: evnn@vietnamnet.vn
Update news groceries
Contrary to all predictions, modern convenience stores and supermarkets, with powerful financial capability, have not led to the closure of traditional household-run groceries.
The hot development of modern retail channels are threatening variety stores and traditional markets.
Grocery owners have begun feeling the pressure of ‘Jack Ma’s retail empire’ which has entered Vietnam through Lazada. They are upgrading their stores in an aim to be more professional in the digital era.
The ‘pure shopping mall’ has lost its position amid the strong rise of ‘shopping mall complex’, or ‘one-stop shop’. Experts believe that ‘one-stop shops’ will be dominant in the retail market in the future, especially in large cities.
VietNamNet Bridge - Groceries still comprise 80 percent of Vietnam’s fast moving consumer goods (FMCG) sales, which shows they remain the most popular and powerful retail channel in Vietnam.
VietNamNet Bridge - Though foreign investors continue to pour more money into convenience stores in Vietnam, traditional variety stores still prosper.