vietnam's retail market

Update news vietnam's retail market

Heat of price war shows no sign of cooling down

Reducing prices to attract customers has been seen as a key to success for many enterprises, but it also contains hidden risks causing damage to their businesses.

Retail centres to pay more attention to green standards

As responsible and ESG investing gain traction, the focus on sustainability has become a top priority for investors, developers, and property owners in Vietnam.

Global leading retailers to sound out market opportunities in Vietnam

A number of global leading retailers such as Walmart, Amazon, AEON, and Central Retail are set to come to Vietnam in June to seek supply sources for quality commodities from local businesses, according to the Ministry of Industry and Trade.

Intensified competition and strategic calculations shape VN’s retail landscape

According to a report by Q&Me, a market research company, updated in April 2024, the retail market in Việt Nam has experienced remarkable transformation.

VN retail market forecast to be robust in 2024

The recoveries in industrial production, employment and wages will contribute to strengthening domestic demand.

Vietnamese traditional retailers buckle under strain

The rapid development of e-commerce is causing a series of commercial townhouses to close down, while shopping centres still have a stable number of customers due to positive online sales channels and sharing turnover methods.

Vietnamese businesses seek to retain domestic customers

After successfully conquering international markets, many businesses have returned to conquer the domestic market as more and more customers choose to buy Vietnamese products.

VN on the rise as a promising destination for int’l retailers

Vietnam has become a promising destination for international retailers as the size of the market has surpassed US$180 billion.

Vietnam a potential investment market for retailers

Vietnam, with a population of nearly 100 million people, is considered a potential investment market for famous retailers around the world; therefore, many foreign retailers have enhanced their investments.

Time for US conglomerates to buy into big Vietnamese businesses

Foreign corporations and investment funds are rushing to inject money into large Vietnamese businesses, especially those in consumer goods, retail, pharmacy and finance.

Foreign retail distributors choose Vietnam as strategic location

Many foreign retail distributors, promoting strategies to diversify their supply chains and ensure a sustainable and resilient supply, have chosen Vietnam as a strategic location in the global supply chain.

Retail sector forecast to maintain growth, but challenges persist

The retail sector is expected to maintain growth in the remaining months of 2023, because most retail businesses have appropriate solutions to increase purchasing power.

Foreign retailer giants look for Vietnamese suppliers

The Vietnam International Sourcing 2023, which will be hosted by the Ministry of Industry and Trade (MoIT) from September 13 – 15 in Ho Chi Minh City, is expecting to attract about 150 business delegations from 30 countries and territories worldwide.

Foreign purchasing companies seek suppliers in Vietnam

Japanese retail group AEON has informed purchasing firms from many countries of the upcoming “Vietnam International Sourcing 2023” to be hosted by the Ministry of Industry and Trade (MoIT).

Domestic retailers continue to open new stores

Negative impact of macroeconomic conditions have been eroding the confidence of both consumers and businesses, yet the Vietnamese retail market is still thriving with new and expanding distribution chains, according to experts.

Fierce battle to slash selling prices bleeds retailers dry

Big retailers have triggered a fierce struggle, trying to ease selling prices to improve revenue and obtain bigger market share amid weak demand.

Korean retailers eye opportunities in Vietnam

Retail firms of the Republic of Korea (RoK) are stepping up efforts to tap into the Vietnamese market, which has huge growth potential thanks to its rapid economic growth and a high proportion of the working age population.

Green consumption trend reshapes retail market

Many domestic enterprises are renewing their business methods to catch up with the green consumption trend.

Retail businesses improve quality to gain competitive advantage

The presence of foreign-invested enterprises in Vietnam's retail sector has increased competition among businesses, jointly regulating supply and demand in the domestic market.

Thailand keen to exploit Vietnamese retail market

The Department of International Trade Promotion (DITP) under the Ministry of Commerce of Thailand has recommended Thai businessmen to study the possibility of exploiting Vietnam's steadily growing retail market.