The retail market in Vietnam has recently witnessed a boom in development of mini marts and convenience stores with participation of not only domestic firms but also foreign giants.
The retail market in Vietnam has recently witnessed a boom in development of mini marts and convenience stores with participation of not only domestic firms but also foreign giants.
The retail market has great potential for growth, Richard Leech, Executive Director of CBRE Vietnam was quoted by Nhip Cau Dau Tu (Investment Bridge) newspaper as saying.
He added that while the revenue of convenience stores accounted for around 20 percent of the market, the rate of Vietnam remained modest at below 10 percent.
A survey by Nielsen, a market research company, found that currently around 20 percent of Vietnamese consumers shopped frequently at convenience stores and this shopping trend was growing popular in a modern society.
Seeing the potential, many firms recently penetrated the retail market or had plans to penetrate the retail market with the development of convenience store chains.
Statistics showed that the number of mini marts increased rapidly by 260 percent since 2012 to more than 530 units by the end of September.
Since the end of last year, Vingroup had opened more than 93 Vinmart stores and recently planned to raise the number to 2,000 in 2016.
In July, 7-Eleven announced plan to develop 7-Eleven store chain in Vietnam. Japan's FamilyMart also planned to increase the number convenience stores to more than 200 in 2016.
Mobile World Investment Corporation recently announced the development of the retail store chain Bach Hoa Xanh following the model of Indonesia's Alfamart this year, first with between 30 and 50 outlets.
Dinh Thi My Loan, President of the Vietnam Association of Retailers, said the competition would be harsh, not only among mini marts but also with other retail channels, especially online shopping outlets.
Nielsen Vietnam forecast that mini marts and convenience stores would continue to expand in Vietnam, and not just in big cities.-VNA
Online shopping websites and mini-supermarkets offering inexpensive products have become popular with consumers, Lao Dong (Labour) newspaper reported on September 23.
With an impressive growth rate in less space and smaller capital requirement, convenience stores and mini-supermarkets are finding favour with investors. The Sai Gon Giai Phong newspaper reports.
A number of foreign investors, seeing bright opportunities springing from the free trade agreements expected to be signed in the near future, have jumped into the Vietnamese retail market to develop convenience stores, according to the English language news website VietNamNet Bridge.
Wet markets and traditional stores remain the preferred retail channels for Vietnamese shoppers, though they are under threat as consumers shift away, according to a Nielsen report.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative image (Source: VNA)
