Retail Market In Vietnam 2024-2028
The retail market in Vietnam is forecasted to grow by USD 226.4 bn during 2023-2028, accelerating at a CAGR of 13.64% during the forecast period. The report on the retail market in Vietnam provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for convenience food products, expansion of retail landscape in Vietnam, and growing popularity of private-label brands.
Technavio's retail market in Vietnam is segmented as below:
By Distribution Channel
By Type
- Grocery
- Electronics and appliances
- Home and garden
- Health and beauty
- Others
By Geographical Landscape
This study identifies the emergence of urban lifestyles in Vietnam as one of the prime reasons driving the retail market in Vietnam growth during the next few years. Also, rising market activities by retailers and growing preference for local brands will lead to sizable demand in the market.
The report on the retail market in Vietnam covers the following areas:
- Retail market in Vietnam sizing
- Retail market in Vietnam forecast
- Retail market in Vietnam industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market in Vietnam vendors that include 7 Eleven Inc., AEON CO. LTD., Berli Jucker Public Co. Ltd., Central Group of Company, Central Retail Corp., Charoen Pokphand Foods PCL, Circle K, E Mart Co. Ltd., FPT Retail Joint Stock Co., Lotte Shopping Plaza Vietnam Co. Ltd., Masan Group, MM Mega Market Vietnam, Saigon Union of Trading Cooperatives, and SPAR International. Also, the retail market in Vietnam analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.