As per to our new research record “Vietnam Full Analysis (2008-2012)”, fast expansion has been seen in the Vietnamese retail product sales during the last number of years. Although Vietnamese retail market is a lot smaller in comparison to other developing countries, just like, India and China, the industry has shown massive growth in the past few years, particularly in its non-food segment. Non-food retailing have been consistently raising due to rising consumer spending on non-essential items, such as apparel, electrical, and so forth Therefore, we all anticipate that, the non-food retailing can grow in a CAGR of over 19% during 2010-2012.
According to our analyze, non-food retailing has also produced the country a stunning destination for multinational retailers. Considering the growing affinity for western design shopping when it comes to, a large number of contemporary shopping complexes have jumped up in the key urban centers attracting rich urbanites. Besides this trend, various other strong fundamental drivers discussed and analyzed inside the report should enable this kind of segment to sustain their upward growth trend in the coming years. Further, each of our report uncovers that at the moment, traditional shops dominate the retail market. However, the government’s decision to allow entry of foreign shops will help the ultra-modern retailers to explore the country’s housing market for full retail list prices. International brands are rapidly expanding all their presence in the Vietnamese industry as with regard to modern retail formats, just like supermarkets oxygen conditioned minimarts, and small shopping complexes surges with rising client income.
Besides, an extensive research is done in sub-segments, like consumer electronics, which is growing in a fast tempo due to the embrace consumer investing in white merchandise and other things. Specifically, pcs and mobile phone devices are doing well due to the increasing in demand from your young population. Our comprehensive research report “Vietnam In a store Analysis (2008-2012)”, will help customers in determine the leading-edge opportunities which have been vital with respect to the success of the retail market in Vietnam. The record covers all of the necessary aspects of the retail market, like market by portions, provinces, property, and in a store formats to provide an insight in the market trends and improvements taking place across the nation. The article will provide consultants, industry analysts, and vendors to receive an specific knowledge of the current, past, and future efficiency of the retail market in Vietnam. In this way, the report symbolizes a complete and coherent examination of the Vietnam retail sector and will confirm decisive for clients.
This article is based on data from 505b.com