The Viet Nam JSC Report has announced the top 10 domestic retailers of 2021.
Honourees in fast consumption and supermarket group include Central Retail Viet Nam, Wincommerce, Saigon Coop, MM Mega Market, Aeon Viet Nam, Lotte Viet Nam, SATRA, SASCO, IPP Group and Hapro.
In electronics and jewellery, the list comprises MWG, DOJI, PNJ, FPT Retail, Saigon SJC, Cao Phong Co. Ltd, Mediamart Viet Nam, Viettelimex, Fahasa and VHC.
The rankings are based on three criteria; financial capability based on the latest financial reports, media prestige, and the results from surveys in August and September this year.
General Director of the Viet Nam JSC Report, Vu Dang Vinh, said that despite the COVID-19 pandemic, the retail sector still performed well this year.
According to General Statistics Office, retail revenue in the first nine months of this year was estimated at over VND2.7 trillion (US$117.3 million), down 3.4 per cent annually.
In August alone, it went down 8 per cent month-on-month and 25.3 per cent year-on-year. However, this figure rose by nearly 4.5 per cent in September, thanks to relaxed social distancing in many localities. — VNS