Released on: June 15, 2008, 11:57 pm

Press Release Author: Shushmul Maheshwari

Industry: Retail

Press Release Summary: The Vietnam retail industry is anticipated to grow about
13.6% by 2012 with the entrance of multinational players, rising income level and
increasing sales of non-food items.

Press Release Body: RNCOS has released a new report, “Vietnam Retail Analysis
(2008-2012)”, which says that the Vietnam retail industry is expected to grow
at a CAGR of around 13.6% during 2008-2012.

The report highlights that the revenue from retail sales has escalated very rapidly
in last few years and reached US$ 30 Billion in 2007 as compared to US$ 16 Billion
in 2002. The rapid growth in the Vietnam retail market in recent past has attracted
many multinational retailers from all over the world. The World Bank has ranked
Vietnam fourth on the Global Retail Development Index (GRDI) after India, Russia and
China.

As per the report, one of the chief reasons for high growth in the Vietnam retail
industry is liberalization in the retail sector under the conditions of
Vietnam’s membership to the WTO. These conditions have allowed the foreign
players to chip in up to 49% capital in joint ventures from early 2008. And from
January 1, 2009, foreign players can invest in Vietnam’s retail markets and
foreign-owned companies will be able to run their independent outlets in the
country. The other major factor leading to concrete growth in Vietnamese retail
sector is increasing income level in the country.

As expected from a developing market, food is the primary contributor to the Vietnam
retail sales, accounting for nearly two-third of the total sales, says the report.
But this share is falling with rise in income level and spiking consumer spending on
non-food items such as clothing, electrical and DIY goods. Hence, the sales of
non-food items will grow faster than the food items during 2008-2012.

The report gives a prudent forecast on per head disposable income, nominal GDP,
retail sales and consumer expenditure on hotel & restaurants and consumer spending.

The comprehensive information and analysis given in “Vietnam Retail Analysis
(2008-2012)” helps client to identify leading-edge opportunities that are
vital for the success of the retail industry in Vietnam. The report covers all the
necessary aspects of the retail market, like market by segments, provinces,
ownership, and retail formats to give an insight into the market trends and changes
taking place across the country.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://rncos.com/Report/IM097.htm
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