Many businesses have been forced to implement social distancing rules due to the COVID-19 outbreak, and the retail sector has been hit hard.

Domestic businesses have invested approximately US$431.7 million abroad during the first nine months of the year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Vietnam has the second-largest consumption share in ASEAN, with the potential to outpace the Philippines soon. 

 VietNamNet Bridge – The Vietnamese retail market has seen some mergers and acquisitions (M&A) between foreign and Vietnamese enterprises, thanks to the huge development potential of the retail sector.

The domestic retail sector is expected to be the largest creator of jobs this year, according to a job survey conducted by Navigos Search, a leading provider of executive search and management consultancy services in Viet Nam.

 VietNamNet Bridge –Viet Nam is a promising market for foreign retailers and will have more competition on the local retail market next year which is the deadline of opening the domestic retail market.

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