Thailand
Vietnam: Vietnam a rising retail market in Asia Pacific
Vietnam: Vietnam a rising retail market in Asia Pacific
Sunday, 14 August 2016 – Vietnam is emerging as a rising retail market within Asia-Pacific, according to real estate consultants JLL. “The market is becoming more attractive recently on the back of a rise in purchasing power, growth in consumer retail spending, and an expansion in urban population and young demographics,” Mr. Stephen Wyatt, Country Head of JLL Vietnam, said. Vietnam is emerging as a rising retail market within Asia-Pacific, according to real estate consultants JLL. “The market is becoming more attractive recently on the back of a rise in purchasing power, growth in consumer retail spending, and an expansion in urban population and young demographics,” Mr. Stephen Wyatt, Country Head of JLL Vietnam, said.
Over the last few years the market has welcomed a host of big names from Japan, such as Aeon and Takashimaya. Thai investors have also considered Vietnam a good investment destination and moved to enter the market, with prime examples being the acquisition of Metro Cash & Carry and the Big C supermarket chain by Thailand’s Central Group. Read More?