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Vietnam tops list of emerging destinations for retail investment (04/06)
06/08/2010 - 26 Lượt xem
This was shown in the seventh annual Global Retail Development Index™ (GRDI), a study of retail investment attractiveness among 30 emerging markets conducted by A.T. Kearney.
According to the study, Vietnam's leap from fourth in the 2007 GRDI to first place in 2008 was driven by strong GDP growth, changes to the country's regulatory structure favouring foreign investors, and increasing consumer demand for modern retail concepts.
While Vietnam 's 20-billion USD retail market pales in comparison to India or China, the absence of competition and 8 percent GDP growth make it an attractive expansion opportunity for global retailers, the study said.
Moreover, Vietnamese consumers are among the youngest in Asia, with 79 million below the age of 65, and increased their consumer spending by more than 75 percent between 2000 and 2007, the firm added.
Now is the “perfect time” to get involved in Vietnam’s retail market, said Mike Moriarty, a partner with A.T. Kearney and co-leader of the GRDI.
Published since 2001, the GRDI helps retailers prioritise their global development strategies by ranking the retail expansion attractiveness of the emerging countries.
Source: VNA
