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Retail groups in Vietnam are proceeding with plans to build hundreds of more outlets from now to the end of this year, as they are accelerating the expansion of their market shares in the country.
Currently, modern retail systems in large cities account for 40-50 percent of the shopping demand, compared to 30 percent previously.
The omni-channel retail model is being deployed by many retailers on a large scale to increase their market coverage, according to a report by Vietnam Report JSC.
Many businesses are conceiving or have just launched other retail models, such as shop-in-shop and multi-brand stores.
At the same time, retail groups also aim to develop supermarkets into complexes that also provide financial services, including traditional banking services, digital payment gateways, and others.
All the said moves have helped the retail market in Vietnam become extremely active since the country re-opened its economy in the wake of the COVID-19 pandemic in October last year.
Source: Tuoitrenews
