Vietnam Retail Market 2023-2027

Retail Market in Vietnam 2023-2027

Technavio has been monitoring the retail market in Vietnam and it is poised to grow by $163.49 bn during 2023-2027, accelerating at a CAGR of 11.4% during the forecast period. Our 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 the growing demand for convenience food products, the expansion of retail landscape, and the growing popularity of private-label brands.

Technavio's retail market in vietnam is segmented as below:

By Distribution Channel

• Offline
• Online

By Type

• Grocery
• Electronics and appliances
• Home and garden
• Health and beauty
• Others

This study identifies urban lifestyles as one of the prime reasons driving the retail market growth during the next few years. Also, rising market activities by retailers and a growing preference for local brands will lead to sizable demand in the market.

Technavio 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. Our report on the retail market in Vietnam covers the following areas:

• Retail market sizing
• Retail market forecast
• Retail market industry analysis

Technavio's 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 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.