Việt Nam has made its mark on the global real estate investment map by securing a spot among the top ten destinations for land investment and development capital.
Việt Nam''s retail market with positive growth prospects will support the development of the commercial real estate market this year, according to experts at the “Việt Nam Retail 2025: Opportunities in Real Estate” event held on February 27.
Việt Nam''s total retail sales of consumer goods and services reached VNĐ6.4 quadrillion (US$252 billion) in 2024, marking a year-on-year increase of 9 per cent, according to the General Statistics Office (GSO).
The retail space market has the opportunity to grow strongly in 2023 with the forecast of the recovery of the retail industry, especially with new investment of foreign brands in Viet Nam.
Viet Nam is a country with a lot of opportunities for franchising, with many businesses having the capability to become a franchisee, even a master franchisee, a conference has heard.
Foreign retail businesses are adopting a multi-channel sales strategy as well as improved operations and delivery services to expand Viet Nam operations despite pandemic impacts.
The COVID-19 pandemic has speeded up the banking sector’s awareness of digitisation by three to five years and forced lenders to accelerate the process to survive and grow.
The Australia and New Zealand Banking Group (ANZ) on Friday announced that it is selling its retail operations in Viet Nam to South Korea’s Shinhan Bank Viet Nam.
The banking sector has experienced dramatic changes this year but has
more reform is needed, delegates heard at the Viet Nam Retail Banking
Forum 2015.
The retail market in Viet Nam has recently witnessed a boom in
development of mini marts and convenience stores with participation of
not only domestic firms but also foreign giants.
Viet Nam will be opening its retail market in 2015 in line with its commitments to the World Trade Organisation.This is expected to challenges for the domestic retail market, as
well as opportunities for the domestic retail property market. Ngo Thi
Huong...