Vietnam Retail Report - Business Monitor International - Industry Reports

Vietnam Retail Report

Vietnam Retail Report - Business Monitor International - Industry Reports
Vietnam Retail Report
Published Aug 30, 2016
68 pages — Published Aug 30, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

In May ----, Vietnamese electronics retailer Nguyen Kim completed an acquisition of e-commerce platform Zalora in Vietnam. Zalora had previously planned to pull out from Vietnam in order to cut costs. ...The franchise holder expects to open the first three Miniso stores in August ---- and expand the store network to -- outlets by the end of the year. According to Retail News Asia, Malaysian department stores operator Parkson has recently closed its --,--- square metres (sq m) store in Ho Chi Minh City s District -. The company has not provided any explanations for the move, but reassured that this will not affect its other eight retail stores in Vietnam. Japan-based retailer AEON has opened its second shopping in Ho Chi Minh City. The new --,---sq m shopping centre covers an area of -.- hectares and has three floors. Currently, AEON has four shopping centres in Vietnam and plans to expand its network to -- branches by ----.

...BMI View: The Vietnamese economy is facing headwinds associated with harsh weather as well as adverse conditions in global commodity trade. Nonetheless, we expect the situation to improve gradually over the next year, mostly on the back of steady foreign direct investment inflows, robust domestic demand, growing tourism and a resilient export sector. ...BMI View: The Vietnamese economy is facing headwinds associated with harsh weather as well as adverse conditions in global commodity trade. Nonetheless, we expect the situation to improve gradually over the next year, mostly on the back of steady foreign direct investment inflows, robust domestic demand, growing tourism and a resilient export sector. This bodes well for Vietnam s retail sector, which continues to attract new international retailers and develop its infrastructure. ...

...According to Vietnam s General Statistics Office, total retail sales of consumer goods and services in Vietnam reached VND-,---trn (USD--.-bn) during the first half of ----, increasing by -.- year-on- year (y-o-y). Adjusted for inflation, the growth figure stood at -.- y-o-y. Over the next five years, we forecast that total household spending growth will average -.- per annum, with the pace accelerating significantly toward the second half of our review period. Per capita spending is set to increase from USD-,--- in ---- to USD-,--- in ----. ...

  
Source:
Document ID
2058-6469
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Vietnam Retail Report" Aug 30, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Retail-Report-2026-1691>
  
APA:
Business Monitor International - Industry Reports. (2016). Vietnam Retail Report Aug 30, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Vietnam-Retail-Report-2026-1691>
  
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