Vietnam, 12 July 2017 – The domestic retail market is attractive to foreign retailers because of the high population of more than 90 million people at end-2015, stable economic growth and gradually increasing GDP per capita with a compound annual growth rate of 12% during the last ten years. There have also been improvements in the legal system related to investment activity and policies aimed at attracting foreign investment. Existing foreign retailers are actively expanding their retail chains, while new brands are looking at the potential of the market. In the meantime, domestic retailers such as Vingroup and Coop.Mart are also increasing the number of projects to maintain market share.
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