Monday, August 3, 2009

Vietnam to remain attractive to retail investment until 2012

HANOI, Aug 3, 2009 (Asia In Focus via COMTEX) -- Vietnam would remain an attractive destination for retail investment until 2012, said a US market research company, citing the country's strong GDP growth, regulatory structure changes favouring foreign investors and increasing consumer demand for modern retail concepts. According to US-based market research consulting services company RNCOS, rapid growth in Vietnam's retail market in the recent past has made the country an attractive destination for multinational retailers.

* Vietnam Retail Analysis (2008-2012), a research report from RNCOS, also said that the retail sector market in Vietnam was much smaller compared to other developing economies in Asia, but had shown strong fundamentals, with the value of retail sales having expanded rapidly to nearly US$39 billion in 2008, from around US$23.7 billion in 2005.

* The RNCOS predicted that Vietnam's retail industry would surpass US$85 billion in revenue by 2012 and modern retail channels are expected to play a crucial role in the future growth of the industry, improving their position in the market.
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