Fierce competition in retail market The Vietnamese retail market has seen some exciting mergers and acquisitions (M&A) in addition to electronic commerce in 2019 and early 2020 resulting in fierce competition in the market. Soon after Vietnam participated in the World Trade Organization, the Southeast Asian country has been ranked as one of the most attractive retail markets. With its population of nearly 100 million people, 70 percent of them at the working age and 34 percent of them in urban areas and the fastest-growing middle class in Southeast Asia, Vietnam has become an ideal market; therefore, giant retail corporations such as Metro Cash & Carry, Casino Group, Parkson, Auchan, 7-Eleven, Aeon, Lotte Mart have flocked to the Southeast Asian country. Locally, in addition to familiar brand names including Saigon Co.op – investor of Co.opmart, Co.op Food, The Gioi Di Dong, Nguyen Kim, FPT Shop, Hapro Mart, newcomers namely VinGroup with Vinmart, Vinmart+, Bach hoa Xanh ( Green Grocery) jumped into the market. The presence of local and international retailers has changed the market dramatically. Commercial centers and supermarkets have been booming gradually replacing traditional business. However, some retailers are exhausted in the intense competition leading to many mergers and… Read full this story
- Taiwan’s leading tea chain Ten Ren's Tea bids sudden farewell to Vietnam
- All BHS stores to shut down by 20 August
- ATMA: Tyre exports in April-August rise 12%, second highest in 6 years
- Reading between the fantasy baseball headlines
- BHS rescue bid fails with loss of 11,000 jobs
- Forward Pass: Notre Dame-Florida State tarnished by Jameis Winston news & more Week 7
- Rocky Bleier recalls Vietnam War, 40 years after it ended
- Business boom after reforms: VCCI Chairman
- Keep up with the latest NFL free-agent news, reports & rumors
- NFL Week 11 rundown
VIETNAM'S BUSINESS NEWS HEADLINES AUGUST 11 have 281 words, post on vietnamnet.vn at November 8, 2020. This is cached page on NGHONG. If you want remove this page, please contact us.