VINACHEM

Viet Nam has been named in the Top 30 most lucrative emerging retail markets in the world for foreign investors in A.T. Kearney's Global Retail Development Index since 2008.

The Ministry of Industry and Trade (MoIT) recently quoted a Nielsen’s survey as saying that 34% consumers frequently shop at commercial centers, 29% at supermarkets and 22% at convenience stores and mini-stores.

The survey also forecast that the retail sale modal will enjoy numerous opportunities to flourish in Viet Nam. Experts also hailed investors in convenience stores and mini-stores as the model needs little capital, can be built in small spaces and has quick capital recovery.

By 2020, Viet Nam will house 1,200-1,300 supermarkets and 337 commercial centers. Due to low urbanization rate and GDP per capital (about US$ 2,200), traditional retail sale modal is still dominating the market by holding 72% and is expected to decline to 60% by 2020.

The MoIT also reported that there is one convenience store per 69,000 people in Viet Nam, in China the rate is one per 21,000 people and one per 1,800 people in the Republic of Korea./. - chinhphu.vn