Vietnam will have between 1,200-1,300 supermarkets and 180 commercial centres by 2030, under a master plan approved by the Ministry of Industry and Trade (MoIT).
This marks an increase of 585-695 in the number of supermarkets recorded nation-wide in 2011, while the number of commercial centres will go up by 82.
Not surprisingly, the highest number of both supermarkets and commercial centres will be located in Hanoi and HCM City.
The plan targets building a modern network of supermarkets and commercial centres based on a "logical structure of systems" and distribution channels with the participation of all economic sectors and types of organisations.
The development will take place in a competitive environment under the State's macroeconomic management and regulations.
The plan envisages that the network of supermarkets and commercial centres will become the major retail channel of goods in the domestic market.
It expects that the circulation speed of goods is accelerated, and that their price and quality remain stable.
Retail sales via the expanded network are predicted to increase by between 26 and 27 per cent per year until 2015 and by 29 and 30 per cent per year during the 2016-2020 period.
The network would also account for between 27 and 30 per cent of the country's total sales in 2015 and for this ration to increase to 43 and 45 per cent in 2020.
To realise targets outlined in the plan, relevant agencies will create a favourable investment environment for organisations, individuals and enterprises in different economic sectors, particularly for outlets in remote areas.
The trade ministry's supermarket development plan is touted as a "handbook" that retail enterprises can use to design their own development plans.
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Health care and Life Science with expertise in ASEAN 's area. We are currently changing the platform of www.yourvietnamexpert.com, if any request, please, contact directly Dr Christian SIODMAK, business strategist, owner and CEO of SBC at firstname.lastname@example.org. Many thanks.