Vietnam Retail Sales Sets for Robust Growth

According to our latest report “Vietnam Retail Analysis (2008-2012)”, the retail industry in Vietnam has performed reasonably well in the past few years despite financial crisis throughout the world and enjoys 4^th position among 30 countries that are attracting foreign investment. With the continuous increase in income level, young population, foreign investment and government support, the industry growth is expected to accelerate further in coming years. It is expected to surge at a CAGR of around 16% during 2010-2012.

 

The Vietnamese retail market is mainly dominated by traditional retail format, more than 70% share in total retail sales holds by this segment. This can attribute to the fact that retail market is concentrated in main cities like Ha Noi, HCM city etc, and other province are still underdeveloped supporting traditional market in there localities. In a recent trend, Vietnamese consumers prefer modern retail outlets because of suitable environment and easy accessibility, thus increasing the share of modern retailing to 26% in 2010 from 23% last year.

 

Apart from this, an extensive research is done on sub-segments like food and non foods and found that food items still share around 65% of the retail sales. However, the sales of non food items like consumer electronics are growing at fast growth rate due the increase in consumer spending on white goods and other items. Personal computers and mobile phones are doing well because of rise in demand from the young population.

 

“Vietnam Retail Analysis (2008-2012)” also covers province and ownership wise analysis of the retail industry. It provides an overview of consumer pattern and key hurdles faced by the foreign investors. Competitive landscape is also provided to enable clients understand growth prospects in coming years. Due consideration has been given to the supportive government policies which will further propel growth in the sector.

For more information visit: http://www.rncos.com/Report/IM097.htm