Supermarket numbers to soar
Supermarket numbers to soar
Viet Nam will have between 1,200-1,300 supermarkets and 180 commercial centres by 2030 under a master plan approved by the Ministry of Industry and Trade (MoIT).
This marks an increase of 585-695 in the number of supermarkets recorded nation-wide in 2011, while the number of commercial centres goes up by 82.
Not surprisingly, the highest number of both supermarkets and commercial centres will be located in Ha Noi and HCM City.
In late October, the ministry issued decision No 6184/QD-BCT approving a development plan until 2020 and with vision to 2030 for the national network of supermarkets and commercial centres.
The plan targets building a modern network of supermarkets and commercial centres based on a "logical structure of systems" and distribution channels with the participation of all economic sectors and types of organisations.
The development will take place in a competitive environment under the State's macroeconomic management and regulations.
The plan envisages that the network of supermarkets and commercial centres will become the major retail channel of goods in the domestic market.
It expects that the circulation speed of goods is accelerated, and that their price and quality remain stable.
The plan sees increasing diversification of quality retail services that promotes the urbanisation and ensures higher living standards.
Retail sales via the expanded network is predicted to increase by between 26 and 27 per cent per year until 2015 and by 29 and 30 per cent per year during the 2016-2020 period.
The network would also account for between 27 and 30 per cent of the country's total sales in 2015 and for this ration to increase to 43 and 45 per cent in 2020.
The plan also targets building mechanisms and policies on insurance businesses that are comprehensive, transparent, equitable and synchronous. This will facilitate development of the market and ensure compliance with international commitments and obligations.
To realise targets outlined in the plan, relevant agencies will create a favourable investment environment for organisations, individuals and enterprises in different economic sectors, particularly for outlets in remote areas.
The trade ministry's supermarket development plan is touted as a "handbook" that retail enterprises can use to design their own development plans.
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