Matching to our new research report “Vietnam Full Analysis (2008-2012)”, fast expansion has been witnessed in the Vietnamese retail sales during the last number of years. Although Vietnamese retail market is significantly smaller compared to other developing countries, like, India and China, industry has shown enormous growth during the past few years, specially in its non-food segment. Non-food retailing was consistently increasing due to rising consumer investing in non-essential things, such as outfits, electrical, and so forth Therefore, we anticipate that, the non-food retailing definitely will grow for a CAGR of more than 19% during 2010-2012.
As per our research, non-food selling has also produced the country an attractive destination for multinational retailers. Considering the growing affinity for western design shopping among people, a large number of contemporary shopping processes have sprung up in the main urban centers attracting rich urbanites. Besides this tendency, various other good fundamental drivers discussed and analyzed in the report might enable this kind of segment to sustain its upward expansion trend inside the coming years. Further, each of our report shows that at the moment, traditional vendors dominate the retail market. Nevertheless, the government’s decision permitting entry of foreign suppliers will help the present day retailers to explore the country’s retail market. International brands are swiftly expanding their presence inside the Vietnamese industry as demand for modern full formats, such as supermarkets oxygen conditioned minimarts, and small shopping complexes surges with rising client income.
Besides, an extensive research is done on sub-segments, just like consumer electronics, which can be growing in a fast rate due to the increase in consumer investing in white products and other products. Specifically, personal computers and mobile phone devices are doing very well due to the rising in demand from the young populace. Our detailed research statement “Vietnam Retail Analysis (2008-2012)”, will help clients in distinguishing the leading-edge opportunities that happen to be vital to get the success of the retail market in Vietnam. The statement covers all of the necessary facets of the retail market, like marketplace by sectors, provinces, title, and full formats to present an insight in the market tendencies and changes taking place around the world. The record will provide consultants, industry experts, and distributors to obtain an in-depth knowledge of the latest, past, and future functionality of the retail market in Vietnam. In this way, the report positions a complete and coherent evaluation of the Vietnam retail market and will establish decisive with respect to clients.
This article is based on information from probashirealty.com
