Chuck Kuhn's Asia in Photos: Vietnam to remain attractive to retail investment until 2012

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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They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.