A Thai retail giant opens a trade center of nearly 30,000 square meters in Lao Cai
Central Retail Vietnam (the company that manages and operates the GO!, Big C, Tops Market supermarket systems) has just put into operation the GO! Lao Cai.
According to Central Retail, the center has a total area of nearly 30,000 m2 and meets the needs from basic to advanced; From food items, necessities, fast-moving consumer goods, to fashion goods, home appliances and food services, creative entertainment services…
Notably, this is Central Retail’s 39th mall in Vietnam. This shows the great ambition of the Thai retail giant with the retail market in Vietnam.
Recently, Viet Capital Securities Company (VCSC) forecast that consumption in the FMCG fast-moving consumer goods industry in 2022 will recover almost equivalent to that of the pre-pandemic period, only 5-10% lower than that of the pre-pandemic period. with 2019. The report from the General Statistics Office said that in the first quarter of 2022, the total retail sales of consumer goods and services was estimated at more than 1.3 million billion VND, up 4.4% over the same period last year. last year. Retail sales of goods in the first quarter of 2022 increased by 5.8% over the same period last year.
According to VCSC, with a young population structure, Vietnamese consumers are not only more willing to spend but also easily adapt to multi-channel selling methods, as long as it brings convenience.
Vietnam’s retail market is recovering strongly after COVID-19
From a long-term perspective, experts of KB Securities Vietnam (KBSV) said that Vietnam’s young population structure and good GDP growth rate are the driving force for the retail industry to maintain its momentum. good growth. However, KBSV also believes that the inflation factor that causes consumers’ essential expenditures to increase may hinder the growth of the retail industry, especially non-essential consumer goods.
With high attractiveness, not only foreign retailers, but also domestic enterprises have set great ambitions to dominate the market.
As with WinCommerce, it will accelerate its expansion with the opening of a series of new points of sale every month. The company aims to have more than 4,000 stores and 170 supermarkets in 2022. Along with that, WinCommerce will also launch a miniature shopping mall Mini Wall with the ambition of serving 100 million Vietnamese consumers.
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at Blogtuan.info – Source: vtv.vn – Read the original article here
