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Services / Retail

Vietnam Sales grew dramatically in the period 2000 - 2010. The total value of retail goods and services in Vietnam in 2010 reached 1,561 trillion VND (about USD 78 billion), up 24.5% over 2009. In particular, retail services keep the overwhelming proportion of more than 79% compared with other sectors such as hospitality and catering (both are around 11%) as well as tourism services (almost 10%).

Almost all of retail typeswhich is modern and varied are now well developing in Vietnam. The emergence of the modern retail formats and the participation of foreign retailers have brought a breath of fresh air and change the face of retail services in Vietnam, bringing more choice and convenience for consumers.

Although the modern retail channels has many advantages in attracting customers and is forecast to grow strongly in the future but in general, shopping at traditional retail market still accounts high proportion until 2015. Under competition pressure especially frommordern retail channels, the local market systems and other forms of traditional retail in Vietnam has been renewing and upgrading infrastructure as well as service ... to bring more benefits to consumers.

The role of retail flooring to retailers around the world as well as in Vietnam is obviously vital. Retail flooring has always been top a “hot”topic. The retail flooring market in Vietnam is even more difficult when not only the supply is limited but also the available ones are at high rent prices.

From 01/01/2009, Vietnam has opened its doors for the retail business with 100% foreign capital. They are authorized distributors of all products made in Vietnam and other products legally imported into Vietnam; excluding a number of long-term limits as prescribed by the 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Vietnam Invest Network’s reports will providerich data sources of the growth and development of the industry. Futhermore, investors could also find the depth analysis as well as various forms of investment in this sector in Vietnam. In addition,appendixes of the reports give information about typical enterprises in the industry.


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