Vietnam is at 11th spot in dang nhap w88 A.T. Kearney Company’s Global Retail Development Index (grdi). dang nhap w88 index is based on all relevant macroeconomic and retail-specific variables. dang nhap w88 special feature of this index not only identifies dang nhap w88 markets that are most attractive today, but also those that offer future potential.
dang nhap w88 report of A.T. Kearney Company showed that Vietnam has low market saturation. From 2011 - 2015, Vietnam saw a continuous growth in retail turnover, worth 2.47 trillion VND (111 trillion USD), accounting for 76.2 percent of dang nhap w88 total retail and consumption value.
Market research companies and experts forecast dang nhap w88 retail market of Vietnam see great prospects for high growth in dang nhap w88 future, driven by a population of 91.7 million with high consumption demands with Vietnam’s stable economic growth rate. These positive factors provide an attractive backdrop for development of dang nhap w88 retail industry. A relatively young population, coupled with rising income levels, increased urbanisation, and an attractive business environment supported by lower trade barriers and reduced corporate tax rates, have enhanced Vietnam’s position as a high potential growth market.
Vietnam’s GDP has grown 5.2 per cent annually since 2013, dang nhap w88 highest among its Southeast Asian peers also ranked in dang nhap w88 GRDI. Export growth and a 17 per cent increase in foreign direct investment has spurred economic growth, underpinned by Vietnam’s geographic advantage and low labour costs. This foundation led to impressive growth in 2015 in dang nhap w88 retail sales area (22 per cent) and in retail sales (9.5 per cent).
Many companies has joined dang nhap w88 retail market including both domestic and foreign companies such as: Vietnam’s Vingroup, which opened 93 stores in 2015 and plans to open twice as many in 2016; Japan’s FamilyMart, which will open more than 100 stores in 2016; and 7-Eleven, which is entering dang nhap w88 market through a franchise agreement with Seven System Vietnam. Convenience stores have become a phenomenon in Viet Nam with estimated growth of more than 260 per cent in dang nhap w88 number of stores since 2012.
Apple opened a subsidiary in Viet Nam, which allows it to import and distribute cellphones directly to a market that now has more than 150 million mobile phone subscribers who increasingly desire smartphones.
South Korean hypermarket operator E-mart launched its first Vietnamese store in dang nhap w88 Go Vap District of Ho Chi Minh City, before announcing further plans to expand its network to 52 stores by 2020. AEON also introduced Topvalu to Viet Nam in late 2015, tapping into dang nhap w88 popularity of Japanese culture to offer authentic Japanese ingredients and home cooking kits.
In addition, E-commerce in Viet Nam is expected to grow as dang nhap w88 use of mobile phones spreads and online shopping becomes more common. E-commerce campaigns are ramping up, including Online Friday, held by onlinefriday.vn, which attracted 1.1 million visitors and close to 2,000 participating retailers.
For dang nhap w88 first five months this year, Vietnam's total retail sales and services revenue reached 1,430 trillion VND (63.4 billion USD), a year-on-year increase of 9.1 percent. Meanwhile, dang nhap w88 purchasing power of goods retailers witnessed high growth of 9.5 percent in dang nhap w88 period, amounting to 1,920 trillion VND (48.5 billion USD), accounting for two-thirds of dang nhap w88 total retail sales and services revenue.
