VietNamNet Bridge - Hypermarkets, supermarkets and convenience stores are competing with single-price chains which have been cementing their positions in Vietnam.

VietNamNet Bridge - With value of $118 billion in 2016 and $180 billion projected for 2020, Vietnam is listed among the world’s 30 most attractive retail markets. 

AVR has asked the government to establish a retail conglomerate from four big retail chains, Saigon Co-op, Phu Thai Group, Satra and Hapro, to compete with foreign retailers flocking to Vietnam.

Pham Trong Nhan, a National Assembly (NA) Deputy said the NA plans to approve a law on supporting small and medium enterprises (SMEs), noting that many merger & acquisition (M&A) deals in the retail market have been made recently.

VietNamNet Bridge - Household-use and cosmetics stores like Miniso and Ilahui earn hundreds of millions of dong a day from selling products to office workers and university students.

VietNamNet Bridge - The Vietnamese retail market, which is promising and lucrative, has its problems, as many retail giants have gained big success in other markets, but not in Vietnam.

Managers of nearly 1,000 plastics packaging companies are now faced with a new import tariff on PP beads, the major input material. It is priced three times higher than the previous rate.

Vietnam should not try to restrict foreign retailers’ expansion, but instead support Vietnamese retailers by creating a level playing field, experts have said. 

VietNamNet Bridge - The growth rate of convenience store chains is now much higher than that of supermarkets and other retail channels.

 Amazon.com Inc (AMZN.O) is expanding a program to remove counterfeit goods from its website this spring as part of a broader push to assure brand owners that the online retailer is an ally rather than a threat.

VietNamNet Bridge - The Vietnamese retail market is bustling with the expansion of existing brands and the appearance of newcomers, including 7-Eleven, the world's largest convenience chain. 

VietNamNet Bridge - Thai, Japanese, American and French retail giants are speeding up their plans to conquer the Vietnamese market.

VietNamNet Bridge - After closing some of its department stores in Hanoi within a two-year period, Parkson, a retail giant from Malaysia, has officially decided to leave the capital.

VietNamNet Bridge - Following Thai, Japanese and South Korean retailers flocking to Vietnam, Chinese investors are now jumping into the market.  

On July 20 New York Dessert Coffee bid goodbye to Vietnamese customers via Facebook and promised to "come back someday."

A recent survey by Nielsen, a market survey firm, found that with the increasingly faster pace of life and smaller scale of households, Vietnamese nowadays attach much importance to ‘convenience’ when choosing shops.

Vietnamese retailers have been reassured that the regulation on ENT (economic needs test) would serve as a barrier that prevents foreign retailers from expanding in Vietnam and protecting local retailers. However, analysts don’t think this will work.

VietNamNet Bridge - Foreign retail chains have been expanding their networks under the cover of domestic retailers.

VietNamNet Bridge - If the government does not create reasonable policies to protect Vietnamese retailers, they would fall in competition with powerful foreign retailers. 

VietNamNet Bridge - What is the future for Vietnamese goods when foreign goods, following foreign retailers’ steps, penetrate the Vietnamese market?