Modern retail model growing faster than entire retail industryVietNamNet Bridge - The modern retail model is one of the best ways to approach the Vietnamese consumer goods market, with its young population, rising income, and shifting consumption habits, from traditional stores to shopping malls. The sales in traditional retail channels decreased by half, from $1.9 billion to $1 billion, but the sales in modern retail chains soared from $1.4 billion to $3.7 billion. Of modern retail chains, the revenue of Dien May Xanh Chain is predicted to increase from $100 million in 2014 to $1.4 billion in 2017, or 14 times within three years. The sales in traditional retail channels decreased by half, from $1.9 billion to $1 billion, but the sales in modern retail chains soared from $1.4 billion to $3.7 billion. As for mother and children products, Concung.com and Bibo Mart, the two leading modern retail chains, both increased their number of shops by twofold.

Source: VietNamNet News December 31, 2017 04:25 UTC