Noida, UP India (PressExposure) April 14, 2011 -- Fast pace growth in Vietnam's retail market has made the country an attractive destination for multinational retailers. Vietnam holds 4th position among 30 countries attracting foreign investors. As per the WTO agreement, the government has removed limitation on capital invested by the foreign investors. We expect that the retail market in Vietnam will continue to grow at a fast rate, despite the poor infrastructure in different provinces. According to our research report "Vietnam Retail Analysis (2008-2012)", the retail sale is anticipated to grow at a CAGR of around 20% during 2010-2012.
As per our study, with the changes in the country's regulatory structure favoring foreign investors and increasing consumer attention towards modern retail concepts, retail in Vietnam is projected to grow at an impressive growth rate. Further, continuous rise in personal income, consumer expenditure, and increase in the number of young population encourage the retailers to cater more market and meet the growing demands. We have discussed all the factors that are contributing to the growth of retail sales in Vietnam.
Our research study "Vietnam Retail Analysis (2008-2012)" provides detail analysis on Vietnam retail sector. It has studied all the aspects that are changing the retail environment in Vietnam. Our report has also analyzed the market performance of food and non-food retail sales along with various sub-segments of non-food retail sales including clothing, footwear, cosmetics & toiletries, perfumes & fragrances, furniture, household cleansing products, and consumer electronics. It has also analyzed the market in terms of province. Additionally, our report has covered a study on various forms of ownership and retail format.
Moreover, our report provides an insight of consumer behavior pattern, key industry hurdles, and competitive landscape. Our research report will help consultants, industry analysts, and vendors to get an in-depth knowledge of the current, past, and future performance of the retail market. The future outlook presented in the report is derived by interacting with various industry veterans, developers, analyzing information from research papers, journals, and our industry-specific in-house developed models.
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