14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Retail market attracts foreign investors

By Nguyen Ngan

Aug 28, 2013 / 11:10 AM

Thailand's media on August 26 has carried news articles saying Viet Nam's retail market is reeling in more foreign investors, including Thai and Japanese companies.

The Hanoitimes - Thailand's media on August 26 has carried news articles saying Viet Nam's retail market is reeling in more foreign investors, including Thai and Japanese companies.

The Nation (newspaper) has reported that Thai and Japanese companies have found potentiality in the large market of Viet Nam while big retailers in the region are being drawn in the country.

Vice Chairman of Berli Jucker, Mr. Phidsanu Pongwatana has regarded the Vietnamese market a highly potential destination for the retailing industry

Berli Jucker plans to open 100 "B'marts" across Viet Nam next year and 300 others by 2015.

Although the traditional commerce still dominates in South East Asia, modern retailers are urgently expanding their markets. They have noticed a lot of potential to exploit in Viet Nam.

At present, there are about 800 modern trading stores in Viet Nam.

In Asia - Pacific, the growth rate of convenience stores is around 12-15%. In Viet Nam, the annual growth of consumer goods trading value is around 23%.

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