retail

In the first half of 2024, FPT Retail’s revenue increased by 22 percent compared to the same period in 2023, of which Long Chau’s revenue accounted for 63 percent. During this period, FPT Retail realigned its operations, expanding Long Chau’s network by adding 209 pharmacies and 77 vaccination centres while closing a further 113 underperforming FPT Shop stores…

Mobile World is one of the most active stocks on the Ho Chi Minh City Stock Exchange among foreign investors. Trading under the ticker MWG, shares of the company closed at VND 62,900 a share on Friday. Foreign investors currently own about 46.69 percent of the firm with a foreign ownership cap of 49 percent…

The issuer is solely responsible for the content of this announcement. Ho Chi Minh City, Vietnam – Following the successful run of the Retail & E-Commerce Summit Asia (RESA) across Southeast Asia, rockbird media is thrilled to unveil the next chapter of the summit in a new destination: Vietnam. Under

This is in line with a rapidly growing DIY and home hardware industry in Vietnam–in 2024, revenue in the industry in Vietnam is expected to reach US$18.91 billion and will grow at an estimated compound annual growth rate of 3.13 percent from 2024 to 2028, according to data compiled by Statista…

Of note, the Vietnamese luxury watch market generated a revenue of US$110.80 million in 2024, with a projected annual increase of 2.71 percent over the next four years, according to Statista. This surge is being driven by Vietnam’s thriving economy and rising disposable incomes…

Similarly, the Vietnamese e-commerce market for products targeting middle-aged consumers is experiencing significant growth too, particularly in the fashion sector. This includes clothing, shoes, bags, and wallets for both men and women…

This is partly due to the growing demand for luxury goods in the rapidly developing Southeast Asian nation. According to Statista, Vietnam’s luxury goods market is projected to generate revenue of US$992 million in 2024 and is expected to have a compounded annual growth rate of 3.10 percent between 2024 and 2028. This trend, however, may be contributing to a scarcity of prime retail space for luxury brands…

Vietnam’s ageing population is a powerful driver for growth in the pharmacy retail market. By 2035, one-fifth of Vietnamese people will be over 60 years of age, according to the United Nations. This demographic shift is driving surging healthcare demand in Vietnam–in 2020, Vietnam had the second-highest healthcare expenditure, as a percentage of GDP, in Southeast Asia, and per capita spending is projected to rise by 9.2 percent annually until 2025,  according to a 2020 American Chamber of Commerce in Vietnam–known locally as AmCham–report…

Of note, Central Retail’s new mall aligns with the expansion plans of other major players in Vietnam’s retail industry, such as Japan’s Aeon, and South Korea’s Lotte Retail, as well as homegrown Masan, and Vincom Retail, which owns and leases-out a range of commercial spaces around Vietnam. It intends to open six new shopping malls in 2024. This is partly due to a positive outlook for Vietnam’s retail space rentals and the significant development potential of the retail market…

The number of ultra-high-net-worth individuals–persons with a net worth greater than US$30 million–has grown exponentially in recent years. According to Frank Knight’s Wealth Report 2024 estimates, Vietnam had 752 of these uber-rich at the end of 2023 and that number is expected to grow to 978 by 2028…

The number of ultra-high-net-worth individuals–persons with a net worth greater than US$30 million–has grown exponentially in recent years. According to Frank Knight estimates, Vietnam had 1,059 of these uber-rich at the end of 2022.

As of the end of November 2023, there were 2.8 million micro and small-t-medium sized businesses flogging their wares on TikTok, Tuoi Tre is reporting. The most common goods being sold were clothes, homewares, health and personal care products, electronics, and cosmetics. This is worth noting for foreign firms looking

Between the four major e-commerce platforms in Vietnam–Shopee, Lazada, TikTok Shop and Tiki–Vietnamese shoppers spent US$1.29 billion in November, Tuoi Tre is reporting. The publication cites an e-commerce report from YouNet ECI. Key points This was a 9.3 percent increase on October; Shopee accounted for 72.7 percent of sales; TikTok

Electronics retailers are being driven to slash prices to keep up with their competitors and this is eating into profit margins which is deterring foreign investors, Ngo Quoc Bao, Senior Director of Corporate Customers and Customer Experience at FPT Retail has told Tuoi Tre.  Of note, the article mentions that