Retail Sector in Vietnam to Continue Expanding

The retail industry in Vietnam has been posting an impressive growth, and is expected to sustain the growth level with favorable regulatory structure and changing consumer behavior, says RNCOS.

Noida, India (prHWY.com) February 20, 2012 - Vietnam is one of the world's five most lucrative retail markets. The country has been experiencing significant changes in the regulatory structure and consumer behavior for the past few years. According to a new research report by RNCOS, rising disposable incomes, infrastructure development and expanding rural retail market will continue to provide multitude of investment opportunities in Vietnam. With the country's regulatory structure favoring foreign investors, and consumer attention diverting towards modern retail concepts, the retail sales of goods and services in the country are expected to surge at a CAGR of around 26% during 2012-2015.

Research Analysis & Highlights

The report, "Vietnam Retail Market Forecast to 2014" is spread over 85 pages and provides a detailed research and rational analysis of the current status and expected position of the retail industry in Vietnam. It facilitates forecasts for food segments like dried processed food, noodles, dairy and bakery products, and non-food segments like clothing, footwear, cosmetics and consumer electronics for the period 2012-2015. The study also includes analysis of retail sales with respect to different provinces and ownership, and highlights consumer behavior to provide a balanced outlook on the potentials of the industry.

Some of the key findings of the report are:

- Huge growth potential exists in Vietnam's dairy industry. The dairy production in the country is projected to meet 34% of the domestic consumption in 2015 and 38% in 2020.
- The footwear retail sales in Vietnam recorded an annual growth of around 29% in 2011.
- Mobile phone has also witnessed a strong growth in the recent past as it has become an essential part of people's life in Vietnam.
- The country's south east region contributed significantly to the retail sales of goods and services in 2011. Ho Chi Minh City's retail market is growing rapidly amid increasing foreign investment and rising personal income.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM337.htm

Some of our Related Reports are:

- Middle East Retail Sector Forecast to 2013
- South African Retail Industry Forecast to 2013
- UAE Retail Industry Analysis
- Brazil Retail Industry Analysis
- Booming Retail Sector in UAE

Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: vietnam retail market

Categories: Business

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