Vietnam a potential investment market for retailers

Supermarket revenue in 2023 is estimated to reach about VNĐ110 trillion (US$4.5 billion), an increase of 8.8 per cent over the previous year. — tapchicongthuong.vn

HANOI (Vietnam News/Asia News Network): Vietnam, with a population of nearly 100 million people, is considered a potential investment market for famous retailers around the world; therefore, many foreign retailers have enhanced their investments.

According to the Ministry of Industry and Trade, Vietnam's retail market has a scale of more than US$142 billion, 16 per cent of which comes from e-commerce. This scale is forecast to increase to $350 billion, or nearly 2.5 times higher, by 2025.