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VIETNAM RETAIL MARKET Vietnam is the "little India" in terms of its retail potential for international companies looking to set up shop in the country due to its similarity of India business environment five years ago. It combines strong economic growth with a highly fragmented retail market comprised largely of mom and pop shops. Vietnam's biggest barriers to entry for international supermarket operators are its foreign direct investment, or FDI, regulations, which prohibit non-Vietnamese companies from directly entering the local market, high import taxes and the difficulties in obtaining licenses to open more stores. KEY STATISTICS Population: 84,402,966 (July 2006 est.) Age structure: 0-14 years: 27% (male 11,826,457/female 10,983,069) 15-64 years: 67.1% (male 28,055,941/female 28,614,553) 65 years and over: 5.8% (male 1,924,562/female 2,998,384) (2006 est.) Population growth rate: 1.02% (2006 est.) GDP (purchasing power parity): $232.2 billion (2005 est.) GDP - per capita (PPP): $2,800 (2005 est.) Unemployment rate: 2.4% (2005 est.) |
Retailing Industry Australia >> Canada >> China >> France >> Germany >> Hong Kong >> India >> Indonesia >> Italy >> Japan >> Malaysia >> Netherlands >> Pakistan >> Philippines >> Russia >> Saudi Arabia >> South Korea >> Singapore >> Spain >> Switzerland >> Taiwan >> Thailand >> United Kingdom >> United States >> Vietnam >> |