In accordance to our fresh research survey “Vietnam Full Analysis (2008-2012)”, fast development has been experienced in the Vietnamese retail product sales during the last number of years. Although Japanese retail market is significantly smaller when compared to other growing countries, like, India and China, the market has shown marvelous growth in the past few years, especially in its non-food segment. Non-food retailing has become consistently raising due to increasing consumer spending on non-essential items, such as outfits, electrical, etc. Therefore, we anticipate that, the non-food retailing is going to grow in a CAGR of more than 19% during 2010-2012.
According to our analysis, non-food selling has also manufactured the country a nice-looking destination for international retailers. When using the growing concern in western design shopping among people, a large number of contemporary shopping things have jumped up in the key urban centers attracting wealthy urbanites. Besides this trend, various other strong fundamental individuals discussed and analyzed inside the report might enable this kind of segment to sustain its upward development trend inside the coming years. Further, each of our report discloses that at present, traditional retailers dominate the retail market. Nevertheless, the government’s decision to permit entry of foreign vendors will help the modern retailers to explore the country’s retail market. International brands are rapidly expanding the presence inside the Vietnamese market as with regard to modern in a store formats, including supermarkets atmosphere conditioned minimarts, and little shopping processes surges with rising customer income.
Besides, an extensive research is done about sub-segments, like consumer electronics, which is growing at a fast tempo due to the increase in consumer spending on white items and other things. Specifically, pcs and cellphones are doing well due to the rising in demand through the young human population. Our thorough research survey “Vietnam Selling Analysis (2008-2012)”, will help clientele in determine the leading-edge opportunities that are vital pertaining to the success of the retail sector in Vietnam. The record covers each of the necessary aspects of the retail market, like industry by sectors, provinces, possession, and sell formats to provide an insight into the market movements and alterations taking place around the world. The survey will provide consultants, industry analysts, and distributors to obtain an complex knowledge of the latest, past, and future functionality of the housing market for full retail list prices in Vietnam. In this way, the report gives a complete and coherent evaluation of the Vietnam retail sector and will prove decisive with respect to clients.
This article is based on info from firallibre.com