Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam’s retail sale of goods and services in July is estimated at 486 trillion VND (20.8 billion USD), up 2.4% m-o-m, and 42.6% y-o-y, according to the General Statistics Office (GSO).
Deputy Prime Minister Le Van Thanh has approved a trade development programme in remote, mountainous and island areas for the 2021-2025 period, which will be implemented in 287 districts of 48 provinces and cities nationwide.
Vietnam and Ho Chi Minh City in particular are considered to hold promise for retailers from home and abroad on the back of the large, young population and rising consumer price index amid the COVID-19 pandemic.
The southern province of Binh Duong attracted about 1.7 billion USD of foreign direct investment (FDI) in the first 10 months of this year, exceeding the goal set for the whole year by 19 percent.
Retail sales of goods and services in Vietnam reached 4.94 quadrillion VND (214.8 billion USD) in 2019, representing a rise of 11.8 percent over the previous year, according to the General Statistics Office (GSO).
The total retail sales of goods and services of the Central Highlands province of Dak Lak in the first 10 months of this year increased 13.7 percent year-on-year to over 66.3 trillion VND (more than 2.84 billion USD), according to the provincial Department of Statistics.
The Vietnamese Government should paid due attention to outlining policies to promote breakthrough technologies as well as to bolster digital economic development in the context of the Fourth Industrial Revolution, World Bank Country Director for Vietnam Osmane Dione said on March 7.
The e-commerce market has taken off in Vietnam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported.
Vietnam’s total retail sale and service revenues saw a year-on-year increase of 9.3 percent to some 2,896.6 trillion VND (126 billion USD) in the first ten months of 2016.
