Vietnam: Retail Foods
Link to report:
According to the Vietnam General Statistics Office (GSO), total 2019 food and beverage retail sales were estimated at $51 billion, a 13 percent increase over the previous year, with modern retail food channels accounting for approximately 14 percent. However, despite this expansion, three grocery store chains exited the Vietnam market, including Vingroup, Vietnam’s largest grocery retailer, due to intense competition. In 2020, the COVID-19 outbreak hit the retail food sector in the short term, but has offered expanded opportunities for e-commerce to grow.
