, Vietnam

Vietnam’s retail sales recover after two years of 'underperformance'

The industry grew by 1.1% and 1.3% in November and December last year.

Vietnam’s retail sales have shown the first signs of recovery after it grew by 1.1% and 1.3% in November and December 2021, respectively, Fitch Solutions reported.

The industry has “underperformed” over the past two years even as it showed a positive growth, resulting from the low base effect.

“As such, both these two months (November and December 2021) are the first months since the beginning of the Covid-19 pandemic to not have as low a base effect impacting growth, meaning that retail sales are beginning to post real growth,” the report read in part.

Fitch added Vietnam’s retail could sustain this growth should the government continue easing restrictions in 2022.

It also noted consumer recovery remains hinged on Vietnam’s vaccination drive.

At present, 49 out of 63 cities in Vietnam have reported that more than 90% of its population have been fully vaccinated.

“This bodes well for consumer spending over 2022, as when new deaths and new cases decouple in the next wave of restrictions, the government will gradually ease restrictions over the year,” it said.

 

Follow the link for more news on

Swarovski menguasai TikTok untuk perluas skala luxury di kalangan Gen Z

Produsen Kristal asal Austria ini bekerja sama dengan influencer untuk menjangkau pasar Singapura.

Dear Me Beauty berencana membuka flagship store

Store ini dapat menjadi fondasi bagi pertumbuhan pasar yang lebih luas.

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

Mal-mal di Filipina menarik pengunjung dengan pengalaman liburan yang lengkap

Pengunjung diperkirakan akan datang setelah jam kantor hingga larut malam.

Urban Revivo membuka cabang terbesar di Bangkok

Peritel fast fashion asal Cina ini membuka toko seluas 3.

Samsonite memanfaatkan data untuk tingkatkan penjualan

Produsen koper asal AS ini meningkatkan saluran daring untuk mendorong pendapatan di Asia Tenggara.

Belanja hyper-personalisasi jadi tren utama di Asia Tenggara

Data dan analitik memungkinkan brand mengoptimalkan pengalaman shopper baik secara daring maupun di toko fisik.

SSI Group meningkatkan investasi dalam ritel terpadu

Perusahaan yang menaungi brand-brand seperti Hermes dan Cartier ini sedang menyempurnakan omnichannelnya.

Peritel Asia-Pasifik manfaatkan subscriber untuk dorong pertumbuhan

Subscription menjadi sumber pendapatan yang stabil selama masa penurunan ekonomi.