Retailers

Retailers in Hanoi are requested to draft backup plans for each pandemic scenario to ensure sufficient provision of basic necessities for the locals under any circumstances.

The city and retailers are committed to supplying essentials with stable prices in all the situations.

The city is able to guarantee the locals a three-month supply with a volume of goods worth up to VND194 trillion (US$8.52 billion).

The city’s authority plans to set up warehouses and selling points so as to prevent the supply from being disrupted.

To ensure the supply, the city has allowed the operation of delivery services but banned freelance shippers.

Hanoi's authorities advise people against stockpiling goods and gathering at supermarkets and stores to avoid disease transmission.

Local businesses have promptly applied omni-channels to adapt to the new normal situation.

Though the current market of retail space is facing falling rents, many foreign brands look for Vietnam's retail property.

Mobile orders have been instrumental in helping maintain social distancing and adherence to local guidelines.

In the next 10 years, Vietnam will position itself as a major supply for global retailers in the Southeast Asian region.