The Ministry of Industry and Trade (MoIT) plans to consolidate traditional markets in rural areas while developing a large number of convenience stores and diversifying types and methods of modern business.

Big C has reported a 67 percent increase in the number of transactions during the Covid-19 period, while Vinmart saw a 30 percent and Co-opmart 16 percent increase.

Vietnamese retail companies are in pole position to seize the lion’s share of the market, especially after some foreign businesses have left the country.

After food and beverage and other sectors, it is the turn of convenience stores franchisers to eye the huge Vietnamese market.

 VietNamNet Bridge – In a move certain to unleash fierce competition in the nation’s retail market, Vietnam will fully open it to foreign retailers as of January 2015, in line with World Trade Organisation commitments.