According to our fresh research record “Vietnam Price tag Analysis (2008-2012)”, fast growth has been witnessed in the Vietnamese retail sales during the last several years. Although Vietnamese retail market is much smaller when compared with other producing countries, just like, India and China, industry has shown huge growth in the past few years, particularly in its non-food segment. Non-food retailing may be consistently raising due to growing consumer spending on non-essential things, such as clothing, electrical, etc. Therefore, we all anticipate that, the non-food retailing can grow for a CAGR of over 19% during 2010-2012.
As per our research, non-food retailing has also manufactured the country an attractive destination for multinational retailers. Along with the growing desire for western design shopping among people, a large number of modern day shopping things have sprung up in the key urban centers attracting rich urbanites. Besides this development, various other solid fundamental drivers discussed and analyzed in the report definitely will enable this kind of segment to sustain it is upward progress trend in the coming years. Further, each of our report discloses that at this time, traditional stores dominate the retail market. However, the government’s decision permitting entry of foreign stores will help the current retailers to explore the country’s retail market. International brands are speedily expanding their particular presence in the Vietnamese market as with regard to modern sell formats, such as supermarkets surroundings conditioned minimarts, and small shopping processes surges with rising consumer income.
Besides, an extensive studies done in sub-segments, like consumer electronics, which can be growing for a fast rate due to the increase in consumer spending on white items and other products. Specifically, personal computers and cell phones are doing well due to the growing in demand from the young inhabitants. Our detailed research article “Vietnam Retail Analysis (2008-2012)”, will help clientele in questioning the leading-edge opportunities that are vital with respect to the success of the retail market in Vietnam. The survey covers every one of the necessary areas of the realtor mls database, like industry by pieces, provinces, title, and price tag formats to provide an insight in the market trends and improvements taking place across the country. The report will provide consultants, industry experts, and sellers to get an complex knowledge of the present, past, and future overall performance of the retail market in Vietnam. In this way, the report presents a complete and coherent examination of the Vietnam retail industry and will demonstrate decisive with regards to clients.
This article is based on information from blog.justodisha.com