In the face of rising domestic gasoline prices, many retail businesses have been making efforts to control the price of goods to ensure supply and stabilise the market.
The Ministry of Industry and Trade (MoIT)’s draft decree on the development and management of traditional markets and supermarkets is facing criticism as it imposes restrictions on retail businesses.
Multi-channel shopping is on the rise, becoming a vital factor which will help retail businesses to expand sales channels, thereby increasing their reach to customers and enhancing the competitive edge given the online shopping boom in Viet Nam.
With its rapidly growing economy and 95 million population of whom 60 per cent are young consumers, Viet Nam is an attractive destination for global franchising and retail businesses.
Domestic retail businesses should increase
connections with producers and distributors to provide professional
services as they prepare to face fierce competition from foreign brand
names.