One is to provide an overview of the retail market in vietnam. Vietnam retail sector growths, trends, and forecasts. The vietnam retail market outlook 2017 anticipates that the retail sales of goods and services will continue to grow at a double digit rate in coming future with food retailing to account for. The growth momentum of vietnam cement industry in 2019 has slowed down significantly for both domestic and export market. Vietnam real estate market outlook 2019 research reports. Our new report, seizing the fastgrowing retail opportunity in vietnam, shines a spotlight on the retail opportunity in vietnam, first by considering the countrys macroeconomic outlook and then by examining key growth trends in the retail market itself. Latest updates on retail according to the general statistics office, vietnams retail revenues for 2016 came in at usd117. Vietnam market research report vietnam consumer trends. Vietnam retail sector growths, trends, and forecasts 2019. This vietnam cement market report 2020 report presents a board range of topics, both sectorspecific and crosscutting market issues whats new. Divestment of pv power and evns genco 3 earlier this year gas and renewables will dominate incremental power capacity growth in. The report claims that vietnam needs 20 million housing units to meet the demand.
As cited in the report, the most popular ecommerce websites in. Retail sector in vietnam get the report with graphs and tables on. Theres currently a high demand for affordable houses and the demand is outpacing the supply in the. Seizing the fastgrowing retail opportunity in vietnam. The packaged food market will fuel the growth in food retail sales as the industry is heading towards modern trade.
Finally, the report offers insight into how companies can translate the retail opportunity into profitable, sustainable enterprises. Finally, the report offers insight into how companies can translate the retail. Vietnam property market brief 1q18 vietnam economy 4 average cpi of vietnam in 1q18 rose by 2. It includes relevant information about international comparisons, market trends, ecommerce sales and shares, internet users and shoppers, products, payment methods, delivery and players. Sep 03, 2019 6financial information business information market research robust expansion of modern trade retail in vietnam modern trade figure 4. Mar 17, 2020 this vietnam cement market report 2020 report presents a board range of topics, both sectorspecific and crosscutting market issues whats new. This page provides vietnam retail sales yoy actual values, historical data, forecast, chart, statistics, economic calendar and news.
Deal value rose over 2016, though volumes were lower than 2015 indicative of larger transactions. First, this report will look at the potential for growth of vietnams retail market over the next five years focusing on four segments. In this report, we explore the drivers of growth in vietnams retail sector, and take a. Retailing in vietnam market research report euromonitor. Purchase the retailing in vietnam country report as part of our retailing market research for march 2020. Vietnam b2c ecommerce market 2017 report coverage this report covers the retail ecommerce market in vietnam. Vietnam retail foods sector report 2018 approved by. Divestment of pv power and evns genco 3 earlier this year gas and renewables will dominate incremental power capacity growth in vietnam longer term government increased average retail power tariffs to vnd 1,720kwh in december 2017. Euromonitor international is the leading provider of strategic market research. Share of retail market in vietnam 2018, by category. Our new report vietnam retail market outlook 2018, is divided into various segments like retail sales based on industry, region, ownership and economic activity, for which forecast has been provided till 2018. It includes relevant information about international.
Retail market analysis in vietnam and suggested growth. Theres currently a high demand for affordable houses and the demand is outpacing the supply in the lowend market. Vietnam report 2016, traditional retailers account for 94 percent of sales while modern retailers only account for 6 percent. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence by securing new contracts and tapping new markets. On the other hand, the highend market has a slightly higher supplytodemand, as most developers focus on highend projects only. The deck highlights themes that we will see emerge within the consumer and retail market this year. The statistic shows the retail sales growth in vietnam from 20 to 2018 with a forecast for 2020. Boosted by growth in the number of international tourists, which increased by 19. This report shines a spotlight on the retail opportunity in vietnam, first by taking a broader view of the countrys macroeconomic outlook and then by examining key growth trends in the retail market itself. At the same time, viet nam ranks 60th out of 8 economies in the world economic forums 2017 global competitiveness report. Emerging market, emerging growth 5 population vietnams population of approximately 90 million4 see figure 1 is the main driver of growth in the retail market. Research report april 2018 vietnam property market brief.
The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the asian. Market research analysis industry vietnam retail market. This 2018 retail trends deck is based on presentations and discussions from the national retail federation s annual big show conference. How companies can seize opportunities in retail in vietnam.
The retail market in vietnam has been considered as being one of the most dynamic markets in the south east asia with such a high growth rate. Apr 24, 2018 regional retail market benchmarking phnom penh, cambodia gdp growth 17 6. Research report april 2018 vietnam property market brief q1 2018. Retail in vietnam navigating the digital retail landscape deloitte. Presently, traditional retailers represent the dominant food retail channel in vietnam. Savills global market sentiment survey 2020en the exceptional team work that savills is renowned for has been extremely obvious over the last. Vietnam market research impact of covid19 on european business in vietnam covid19 has had a significant, negative impact on european business in vietnam, according to our latest. Vietnam consumer trends 2019 quick changing consumer lifestyles, income, and behaviors make the vietnam consumer market constantly evolve. Vietnam retail sector opportunities and forecast to 2024.
Drive value through indepth knowledge of real estate trends across the region. According to the world banks doing business 2017 report, viet nam has improved nine ranks in terms of ease of doing business compared to 2016 from 91st to 82nd. Ecommerce has managed to gain some attention in vietnam only after 2011. As the report shows, these reforms have had positive economic impact evidenced by a dramatic rise in electricity use. However, industry experts expect the modern food retail sector to account for around 20 percent of sales in vietnam by 2025. Vietnam retail foods sector report 2018 usda foreign.
Market trading cont the two exchanges are not fully selfregulated as they are still under management of ministry of finance and state securities commission. Vietnam power and renewable markets longterm outlook 2018. Despite already witnessing some huge investments within the modern trade arena, vietnam remains a traditional trade retailing country. The vietnam retail market outlook 2017 anticipates that the retail sales of goods and services will continue to grow at a double digit rate in coming future with food retailing to account for twothird of the market. Retail sector market entry guide vietnam enterprise singapore. Retail in vietnam navigating the digital retail landscape. In terms of market share, few major players currently dominate the market. According to the annual report 2017, the company maintains its leading. Mar 07, 2017 vietnam report 2016, traditional retailers account for 94 percent of sales while modern retailers only account for 6 percent. It is anticipated that packaged food market will fuel the growth in food retail sales, as the industry is heading towards modern. Indeed, the rise of ecommerce and digital retail channels in vietnam is one of the top trends to watch. Retail in vietnam emerging market, emerging growth iberglobal. Welcome to 2019 doing business in viet nam foreword by the prime minister 1.
In this report, we explore the drivers of growth in vietnams retail sector, and take a look at. Vietnam is one of the asias unexplored markets in terms of the compelling potential in ecommerce. Vietnam s food retail sector is still dominated by small traditional traders, but modern retail channels are expanding in response to growing consumer demand and competition in the modern retail food sector is growing. Vietnams food retail sector is still dominated by small traditional traders, but modern retail channels are expanding in. Merger and acquisition activity in the retail sector has been high. The recent expansion of online retail in vietnam attracts the attention of merchants prepared to capture a share of the market. Nov, 2018 vietnam retail foods sector report 2018 approved by. These reforms has not only benefitted the existing players in the markets, but also made it easier for retailers who are planning to invest in vietnam, one of the most attractive retail markets in the world. Seizing the fastgrowing retail opportunity in vietnam mckinsey. Regional retail market benchmarking phnom penh, cambodia gdp growth 17 6. Drive value through indepth knowledge of real estate trends. Euromonitor international is the leading provider of strategic market research reports. Despite already witnessing some huge investments within the modern trade arena, vietnam remains a traditional trade.
Vietnam retail sales 20162017 general statistics office,2017 1. Vietnam market outlook 2019 2018 was another good year for vietnam and its real estate market, as gdp growth reached a 10year high 7. Our new report vietnam retail market outlook 2018, is divided into various segments like retail sales based on industry, region, ownership and economic activity, for which forecast has been. Commercial real estate insights delivered to your inbox. Economy, consumers in vietnam, and retail landscape. Savills global market sentiment survey 2020en the exceptional team work that savills is renowned for has been extremely obvious over the last week, with so many joint initiatives, particularly our research and market bulletins through podcasts, video and conference calls, using teams, zoom and bluejeans technology amongst others.