Vietnam Retail to Witness 20% Growth
With the growing foreign investment, the retail sales in Vietnam are anticipated to grow at a CAGR of 20% during FY2010-FY2012.
- (1888PressRelease) September 18, 2010 - According to our research report "Vietnam Retail Analysis (2008-2012)", Vietnam's retail industry is emerging as an attractive destination for multinational retailers. With an infrastructural development, huge investment by foreign players and regulatory support, the growth in the retail industry is expected to accelerate in coming years. The retail sales in Vietnam are expected to surge at a CAGR of around 20% during the forecast period FY2010-FY2012.
The retail industry is mainly concentrated in much developed cities like Ha Noi & Ho Chi Minh, which have recorded an increased number of new modern retail outlets, including both local and foreign. The market has experienced consolidation, leading to the creation of large shops and shopping centers. In view of the rapidly expanding retail market, foreign-owned retailers too have expanded their operations in the country.
Our report also covers the province-wise retail sales and major factors contributing to the development of retail market in these regions. It is found that the south east region is experiencing major boost as compared to other regions covered. Apart from this, an extensive research has been done on the consumer electronics segment and found that electronics equipments are gaining momentum on the back of technological development.
"Vietnam Retail Analysis (2008-2012)" identifies that many big international retailers are now planning to invest in the country to tap huge untapped potential of the market in the rural regions. Detailed information about changes in consumer pattern, infrastructural development and performance of private, public and foreign owned company is provided in the report. Due consideration is given to competitive landscape, government policies to provide necessary information.
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