"Vietnamese retail market grew about 100 times in the past 20 years. It is an attractive business destination with a high portion of the young population, who love Korean food, K-pop and K-drama," a Lotte Shopping official said, as cited...
Central Retail will invest VND20 trillion (US$869.6 million) in the Vietnamese retail market in the next five years to boost business results to VND65 trillion.
Vietnamese retail companies are in pole position to seize the lion’s share of the market, especially after some foreign businesses have left the country.
The Vietnamese retail market is highly attractive to investors given the country’s population of over 97 million, rapid economic growth and an increase in income and consumption, a seminar heard in HCM City yesterday (April 3).
Future trends of the Vietnamese retail market, including the use of digital and AI, were discussed by more than 400 retail experts at a seminar organised in HCM City yesterday (Thursday) by Vincom Retail Joint-Stock Company.
The Vietnamese retail market has seen some mergers and acquisitions
(M&A) between foreign and Vietnamese enterprises, thanks to the huge
development potential of the retail sector.
Mergers and acquisitions are churning the Vietnamese retail market,
with large domestic players buying out rivals and massive investment by
foreign retailers.