retail market

Update news retail market

Retail market returns to pre-pandemic level

The Vietnamese retail sector has recovered to the pre-COVID-19 level, with 53.8% of total retailers reporting similar or better business outcomes, according to Vietnam Report JSC.

Difficult economic conditions affect sales of high-tech devices

High-tech product retailers have been trying every possible solution to attract buyers.

Technology-product retailers open new shops

Cellphone S, FPT Shop, Shop Dunk and Di Dong Viet are rushing to open new stores in the year-end sale season.

VN economy recovers, businesses expand retail network

Vietnam's economy has recovered impressively and it is the only country in Asia with a growth forecast that has been raised by the International Monetary Fund (IMF). This has led to leading foreign and domestic retailers expanding their networks.

Japanese retailers open more stores, malls in Vietnam

From shopping malls to store chains in residential quarters, Japanese retailers are ambitious about entering the Vietnamese market.

Retailers jostle for superiority

The boom of e-commerce in the rental market space in commercial centres has forced developers to assert their distinct identities.

The ‘race’ of foreign retailers in Vietnam

If the growth rate is maintained at a high level, Vietnam's retail market may reach US$200 billion in the next two years, experts have said.

Foreign giants leave, Vietnamese retailers expand business

The expected dominance of foreign retailers in the Vietnamese market has not occurred. Many foreign giants have left and Vietnamese retailers are controlling the market.

Foreign retailers look to expand operations in Vietnam

Foreign retail businesses are adopting a multi-channel sales strategy as well as improved operations and delivery services to expand Vietnam operations despite pandemic impacts.

Retail to bounce back strongly in 2022

Large retail firms are to gain even more market share this year as smaller competitors have been forced to exit the game after prolonged lockdowns and mobility restrictions during recent years, said industry experts. 

Start-ups seek ways to bring products to supermarkets

The retail market in Vietnam has been evolving fast in recent years with strong growth in modern distribution channels such as supermarkets. 

Rural groceries change business strategy as they compete with foreign supermarkets

Thanh Ngoc, the owner of a grocery store, was seen comparing the prices of thousands of products with a smartphone.

Delivery competition turns more challenging during pandemic

Many forwarding companies have found it difficult to deliver goods as there are not enough deliverymen.

Vietnam retail market records $172 billion in 2020

Such growth rate, while remaining lower compared to the 12.7% recorded the previous year, was an encouraging sign for the business community amid global retail market suffering plunge in revenue during the pandemic.

Vietnam’s 2020 retail sales see the lowest growth in nine years

Vietnam’s total revenue from retail trade and services reached over VND5 quadrillion (US$219.5 billion) in 2020, representing a modest yearly rise of 2.6 per cent, according to the General Statistics Office (GSO).

Retailers rush to expand market share

The race for domestic retail market share was heating up as local and foreign firms looked to expand their networks, experts said.

Local retailers closing shops because of Covid-19

Many retailers have had to close shops and give back retail premises to landlords because of poor patronage and a dramatic drop in sales.

VN retail market still large enough for newcomers

The retail sector still saw strong growth in 2019, especially in second-class cities, but it cooled down in large cities.

Masan to close ineffective VinMart, VinMart+ stores

Masan Group intends to close up to 10 VinMart supermarkets and 150-300 VinMart+ convenience stores that have performed poorly and will open 20-30 new VinMart supermarkets and 300-500 VinMart+ stores this year.


2019 retail market: Vingroup, Auchan leave, e-commerce websites shut down

A lot of events happened in 2019, including merger and acquisitions (M&As). Meanwhile, some e-commerce websites stopped their operation.