The economic downturn and low pay have directly affected purchasing power. In the context of the current slowdown, many businesses and trade centers have sought measures to stimulate consumption.
With competitive prices, guaranteed quality, constantly improved designs and packaging as well as the support of retail channels, domestic products are increasingly selected by Vietnamese consumers.
Several supermarkets in Ho Chi Minh City said that supermarkets have seen fewer civil servants of district administrations who help to pick up commodities in supermarkets for residents, leading to a decrease in purchasing power.
HCMC has slightly lifted restrictions on food and beverage services, providers of post and telecommunications, suppliers of office computer accessories and school teaching and learning tools.
In order to ensure sufficient supply of essential goods for locals amid the implementation of more stringent social distancing, the Department of Trade and Industry of HCMC has proposed the municipal People’s Committee to allow supermarkets, convenience stores and grocery shops to extend their business hours and expand operation.
GS25 Vietnam Company, on the afternoon of August 2, said that the Department of Industry and Trade of Ho Chi Minh City had allowed the company to participate in supplying essential goods, so from August 2, the company would convert its 87 convenience stores in most districts from selling convenience goods to selling fresh food.
A huge amount of lychees in the Northern provinces of Bac Giang and Hai Duong have been delivered to supermarkets, agricultural wholesale markets, convenience stores in Ho Chi Minh City and e-commerce trading platforms for consumption in the past few days.
The Department of Industry and Trade of Ho Chi Minh City has reviewed and summarized reports of large-scale distributors in the city to update the list of city-based retailers selling essential goods, including food, foodstuffs, face masks, hand sanitizers, and antibacterial soap.
Urban modern pace of life has generated fast shopping trend in Vietnam. According to the Department of Industry and Trade in Ho Chi Minh City, around 2,379 convenience stores have been mushrooming in the city by May, 2019.
With certain advantages, convenience stores have been an increasingly popular shopping destination for customers, and they have also become a choice for domestic retailers to compete with foreign rivals.
Ho Chi Minh City has around 1,200 convenience stores where sell confectioneries, soft beverage, beer, ice-cream, coffee, instant noodle and fast foods.
Located in good places, convenience stores with variety of commodities are suitable for young people’s consuming trend which has driven many of the business decisions convenience store operators.
After two decades of investing in Vietnam, Parkson system has continuously announced operation stop of some four trade centers in Vietnam. Meantime, convenience stores and some other retail models such as shopping mall and Omni-channel have strongly developed.
Traditional retail sector still has advantage in the Vietnamese market from now until 2020, said chairwoman of Vietnam Retailers Association Dinh Thi My Loan yesterday.