Domestic retailers should be confident when there is strong regional culture savvy as well as Vietnam's consumption habits than foreign retailers.The wave of the growing penetration of foreign retailers into the Vietnam market in recent times makes the retailers in the country will have the certain pressure because the market share will be split and the risk of shrinking business activity can take place.Reviews about this trend, Ms. Nguyen Ngoc Tram, market research manager, JLL Vietnam for or retail market in the country quite attractive to foreign investors by the potential population of dark chocolate to more than 90 million people at the end of the year 2016, the economy stable development, per capita income increase are 12% per year over the past 10 years as well as the improvements in the system of the law relating to investment activities and policies to attract foreign investment.According to Ms. Brooch, foreign retailers have a presence, then actively expanded the Trade Center, the new names are actively seeking opportunities to dig into this potential market. Retailers in the country, such as Vingroup and Coop. Mart actively expanded its business operations to be able to maintain the retail market in the country."However, not commercial center or modern retail stores would also succeed. Metro and the Big C was "changed hands" despite many years of activity on the market of Vietnam with the number of supermarket/shopping center also increased and in most central cities, "Mrs. Brooch stressed.Standing at angles has many years of experience in the retail sector, Ms. Brooch that expanding more and more supermarket, modern trade center contributed to changing consumer habits of the people of Vietnam from the shops in the traditional g switched to the modern shopping centre. However, current practice, traditional market network is still dense and still is the place chosen by many people."I believe that notion and habits can be changed but still takes time and practice. Therefore, the retailers both in and outside the country to actively expand new business activities to meet the needs of this potential. In the taking of this market, many people are worried about the "weak" of investors before the Cabinet took office the big man's increasing from Japan and Thailand ", representative of the Vietnam JLL for or.According to Ms. Nguyen Ngoc Tram, the worry is necessary because modern consumers have smart shopping habits, quality and diversified will be the priority selection criteria, which of the two criteria perfectly is the advantage of foreign retailers, whereas here again is limited by many retailers.However, experts also believe that development opportunities are still there for all of the retailers in the country. Only thing is the ability to capture and make use of their opportunities like that! Strength will be seen in the upcoming time!.Source: young intellectuals
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