Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Vietnam  News  >>   Retail  >>   Foreign retailers avoid Vietnam
NEWS UPDATES Asean Affairs       12  February 2011

Foreign retailers avoid Vietnam

Related Stories

December 29, 2010
Vietnamese retailers lose competitive edge

October 9,2010
Vietnam investment target for Malaysia

August 25,2010
Carrefour leaving Malaysia

July 9, 2009
Business as usual, says Carrefour

July 28, 2008
Indonesia Retail Market:
Matahari, Hero buoyant despite high inflation

Despite dire predictions, few major retailers have entered the domestic market in the two years since the country opened its retail market to foreign competition under the terms of its commitments to the World Trade Organisation, said Viet Nam Retailers Association chairman Phan The Rue.

International giants like Wal-Mart, McDonald's and Starbucks were still only considering whether to enter the Vietnamese market, Rue said, attributing the slow development of the retail sector over the past two years to the global economic downturn and the long time it has taken foreign firms to study the market before launching business here.

Restrictions in infrastructure and human resources have also caused some foreign retailers to hesitate, Rue added.

Only 26 foreign retailers have established a foothold in the local market, accounting for 15 percent of the market share, according to association statistics. But, despite the modest number of retail outlets, the turnover of foreign supermarkets was large, equal to that of 30-40 domestic supermarkets.

Rue predicted the market would heat up this year as the global economic recovery picked up steam. CBRE Viet Nam managing director Richard Leech also expected that the country's retail market could see earnings of US$85 billion this year, up from $77.8 billion in 2010, as domestic consumers have more disposable income and continue to spend over 70 percent of their total income.

Big supermarkets would develop most strongly in big urban areas in 2011 and 2012, predicted Viet Nam Retailers Association general secretary-cum-vice chairwoman Dinh Thi My Loan. Convenience stores and supermarkets, as well as clothing, electronics and household goods retailers would also see strong growth, she said, with the retail market in rural areas expected to develop most rapidly.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email




Today's  Stories    12  February 2011 Subsribe Now !
• Cambodian banking sector develops
Subcribe: Asean Affairs Global Magazine
• Export curbs in Indonesia? Asean Affairs Premium
• A slippery slope in Indonesia
• Proton looking for a tenant  
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry


• Philippines economic index rises
• Thai bank warns of AEC competition
• Foreign retailers avoid Vietnam
• Vietnam devalues currency
Asean Analysis    12   February 2011 Advertise Your Brand
• WEEKLY SUMMARY Sponsor Our Events
Asean Stock Watch    11  February 2011
• ASEAN Markets Under Pressure
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs  
04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2014 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com