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Update news vietnam retail
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).
The local retail sector is set to maintain its encouraging growth towards the end of the year, with new drivers coming online.
The COVID-19 pandemic was accelerating Vietnam’s shift towards omni-channel purchasing behaviours and retailers should capitalise on this momentum to drive expansion and increase penetration rates in the post-COVID period,