Get Insight into

Topics
Infographic > Country Snapshot 2: Vietnam
2019-11-04

Country Snapshot 2: Vietnam

Vietnam is the 6th best destination for retail investment.
Vietnam cover photo

Vietnam is one of the fast-growing countries in the world because of its population and economics. The World Bank pointed out that Vietnam is the sixth countries in East Asia with real GDP growth of more than six percent. In the first eight months of 2019, total revenue for retail trade and services of Vietnam reached US$137.4 billion, up 11.5 percent year on year.
Because of its retail investment potential, foreign players are eager to enter this market. South Korea convenience stores, GS25, plans to have 50 stores in Vietnam in 2019, and expands its network to 2,500 locations within a decade. Another South Korea retailer Lotte plans to increase the number of Lotte Mart supermarkets in Vietnam from 13 to 87.

The local retailer Vinmart+ also plans to expand its network to 4,000 by 2020.

Want to expend your business to Vietnam?
Before you start your business or investment, you should know more about Vietnam.




 By Laverna Tsai
Share：

Related Articles

Myanmar_cover_en
Country Snapshot 5: Myanmar
2019 12-12

Myanmar does not have a strong base in consumer goods production, so it imports the majority of consumer products from neighboring countries.

S.Korea cover photo
Country Snapshot 4: South Korea
2019 11-25

S. Korea has a strong export base and a skilled labor force, and its per capita income has passed the USD30,000.

India cover
Country Snapshot 3: India
2019 11-12

The Indian retail market will grow to US$1,200 B by 2021.

.

Subscribe to Our Insight

Stay up to date with the latest white paper, infographic, and our thought.