I. Introduction to the MODERN TRADE market in Vietnam The MODERN TRADE market in Vietnam is considered to be the fastest-growing retail market today. According to statistics from the General Statistics Office of Vietnam, the growth rate of the MODERN TRADE market in Vietnam from 2015 to 2020 was 9.7% per year. This demonstrates the great potential of the MODERN TRADE market in Vietnam and will continue to develop over the next 5 years.
II. Development of the MODERN TRADE market in the past 5 years The MODERN TRADE market in Vietnam has made significant progress over the past 5 years. Supermarkets, shopping centers, and convenience stores have appeared and developed throughout the country. In addition, large foreign retail chains such as Lotte Mart, Aeon Mall, Emart, etc. have also invested and developed strongly in Vietnam. The expansion of the MODERN TRADE market in Vietnam is also being strongly promoted, with major brands such as Vinmart, Co.opmart, Big C, etc. continuously expanding the number of stores and locations to meet the increasing demands of customers.
III. Development of the MODERN TRADE market in the next 5 years Rapid growth According to experts' forecasts, the MODERN TRADE market in Vietnam will continue to develop strongly over the next 5 years with an expected growth rate of over 10% per year. This will be a driving force for competition and investment of companies in the market. Diversified development Companies participating in the MODERN TRADE market will push for the expansion of diverse products and services to meet the increasingly diverse needs of customers. In addition to food products, electronic products, fashion, and household appliances will also be available.