One of the fastest growing economies of Southeast Asia, Vietnam has shown great strides in the recent past and is continuously heading to touch new heights. Specifically, the retail sector has witnessed significant developments. Not only home grown companies but multinational retail giants are on their heels to en cash the growth opportunities. http://www.bharatbook.com/retail-market-research-reports/vietnam-retail-market-outlook-2017.html
Our exhaustive research on the retail industry of Vietnam unfolds all major drivers and trends encompassing the industry. We have studied and presented an in-depth analysis of both food and non-food market segments along with individual analysis of major sub segments in each category.
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 two-third of the market. The packaged food market will fuel the growth in food retail sales as the industry is heading towards modern trade. An important development reflects that the modern retail chains are not only restricting themselves to big cities like Hanoi and HCM but have also extended their arms to small provinces.
The second component of Vietnam retail industry i.e. the non food retailing represents around one-third of the total retail sales in the country. The non food retail sales has been continuously augmenting as high income consumers spend more on non-essential items, such as electrical, clothing, and Do-It-Yourself (DIY) goods. Our research depicts that backed by strong consumer sentiments, the non food retail sales are expected to grow at double digit CAGR during the forecast period.
The study, spread across 90 pages also portrays the market dynamics in key provinces. Besides, retail market segmentation by ownership and by retail formats has also been studied. Consumer behavior shaping the retailers’ strategies is also incorporated in the report. In this way, the research is expected to prove vital for the corporate and investors to take critical decisions.
For more information kindly visit : http://www.bharatbook.com/retail-market-research-reports/vietnam-retail-market-outlook-2017.html
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Exhaustive Research on Vietnam Retail Market