Retail in Vietnam

May 2026
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Overview:

Understand the latest market trends and future growth opportunities for the Retail industry in Vietnam with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:

  • Convenience Stores
  • Discounters
  • Hypermarkets
  • Supermarkets
  • Traditional Grocery Retailers
  • Apparel and Footwear Specialist Retailers
  • Electronics and Appliance Specialist Retailers
  • Health and Beauty Specialist Retailers
  • Home and Garden Specialist Retailers
  • Department Stores
  • Variety Stores
  • Warehouse Clubs
  • Direct Selling
  • Homeshopping
  • Vending

If you're in the Retail industry in Vietnam, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Retail in Vietnam report includes:

  • Analysis of key retail trends
  • Detailed segmentation of offline and online retail sales
  • Historic channel sizes (retail value sales, outlet counts, and selling space)
  • Company and brand market shares (retail value sales and outlet counts)
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Retail in Vietnam?
  • Which are the leading retailers in Retail in Vietnam?
  • How are products distributed in Retail in Vietnam?
  • How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
  • How significant are discounters and private label in Vietnam?
  • To what extent are sales shifting towards digital channels?​
  • What is the long-term outlook for bricks-and-mortar? 
  • How is macroeconomic and political uncertainty affecting the retail industry?​
  • What types of retailers are seeing the fastest growth in digital sales?​
  • What is the future of retail?

Retail in Vietnam

As Competition Increases, Discount-Driven Strategies Reshape Perceptions of Value

Key Data Insights

Chart 1 Key Industry Trends for Retail
As Competition Increases, Discount-Driven Strategies Reshape Perceptions of Value
Bach Hoa Xanh’S Growth Outpaces That of Traditional Competitors in Terms of Value Increase
Dien May Cho Lon’S Livestream Mega-Sales Transform Electronics Shopping
Chart 2 Value Sales 2020-2030
Chart 3 Value Sales by Category 2025
Generation Z and Y Fuel the Growth of Modern Retail Outlets outside Urban Areas
Tax Reforms and Local Warehousing Reshape Competition and Profitability for Both Online and Offline Retailers
Chart 4 Forecast Value Sales 2020-2030
Chart 5 Forecast Value Sales by Category 2025-2030
Shopee and Bytedance Expand, but Fragmentation Persists in Retail
Chart 6 Analyst Insight for Retail
Saigon Co.Op and Canifa Set New Benchmarks with Smart Retail Innovation
Chart 7 Ai-Powered Co.Opmart Th?ng Nh?t Smart Supermarket Featuring an In-Store Robot Assistant
Chart 8 Canifa C-Live: Pioneering Virtual Fashion Retail in Vietnam
Chart 9 Company Shares 2025
Chart 10 Brand Shares 2025
Informal Retail
Opening Hours for Physical Retail
Chart 11 Standard Opening Hours by Channel Type 2025
Seasonality
Vietnamese Lunar New Year (Tet)
Black Friday
Double-Digit Sales Days
Chart 12 Economic Context for Retail
Chart 13 Real Gdp Growth 2020-2030
Chart 14 Inflation 2020-2030
Chart 15 Consumer Context for Retail
Chart 16 Population 2020-2030
Chart 17 Population by Generation 2025

Convenience Retailers in Vietnam

Key Data Insights

Gs25 and 7-Eleven Accelerate Urban Expansion to Win over City Dwellers
Chart 18 Key Industry Trends for Convenience Retailers
Gs25 and 7-Eleven Accelerate Urban Expansion to Win over City Dwellers
Gs25 Leverages Local Insight and Global Expertise to Redefine the Shopping Experience
Chart 19 Store Expansion Is Fuelling Growth in the Convenience Retailers Channel
7-Eleven Sets New Food Trends to Win over Young Consumers Online and Offline
Chart 20 7-Eleven Vietnam Sparks New Food Trends ?To Win over Young Audiences Online
Chart 21 Value Sales 2020-2030
Chart 22 Value Sales by Category 2025
7-Eleven and Gs25 Expand Fast to Meet Youth-Driven Demand
Convenience Stores Outpace Forecourt Retailers with Lifestyle-Led Growth
Chart 23 Forecast Value Sales 2020-2030
Chart 24 Forecast Value Sales by Category 2025-2030
Circle K Consolidates Leadership as Gs25 Drives Experience-Led Growth
Chart 25 Analyst Insight for Convenience Retailers
Chart 26 Company Shares 2025
Chart 27 Brand Shares 2025
Chart 28 Economic Context for Convenience Retailers
Chart 29 Real Gdp Growth 2020-2030
Chart 30 Inflation 2020-2030
Chart 31 Consumer Context for Convenience Retailers
Chart 32 Population 2020-2030
Chart 33 Population by Generation 2025

Supermarkets in Vietnam

Key Data Insights

Winmart+ and Bach Hoa Xanh Accelerate Expansion as Shoppers Seek Modern Grocery Experiences
Chart 34 Key Industry Trends for Supermarkets
Winmart+ and Bach Hoa Xanh Accelerate Expansion as Shoppers Seek Modern Grocery Experiences
Chart 35 Bach Hoa Xanh Opens 400 New Outlets in the Central and Northern Regions
Saigon Co-Op Introduces Ai-Powered Robots to Redefine In-Store Shopping
Chart 36 Saigon Co-Op Officially Introduced an Ai-Powered Robot in Its Supermarket Store
Chart 37 Value Sales 2020-2030
Bach Hoa Xanh and Winmart+ Target Underserved Areas to Drive Sustained Sales Growth
Retailers Leverage Digital Channels and Private Label Innovation to Attract Value-Focused Consumers
Chart 38 Forecast Value Sales 2020-2030
Bach Hoa Xanh Accelerates Store Expansion to Widen Sales Lead
Chart 39 Competitive Landscape for Supermarkets
Opportunities for Growth through Scale and Operational Efficiency
Chart 40 Company Shares 2025
Chart 41 Brand Shares 2025
Chart 42 Economic Context for Supermarkets
Chart 43 Real Gdp Growth 2020-2030
Chart 44 Inflation 2020-2030
Chart 45 Consumer Context for Supermarkets
Chart 46 Population 2020-2030
Chart 47 Population by Generation 2025

Hypermarkets in Vietnam

Key Data Insights

Central Retail Accelerates Store Expansion and Drives Outlet Growth
Chart 48 Key Industry Trends for Hypermarkets
Central Retail Accelerates Store Expansion and Drives Outlet Growth
Chart 49 Central Retail Accelerates Scale-Up in Vietnam
Go! Introduces Self-Checkout Zones to Enhance Customer Experience
Chart 50 Hypermarkets Invest in Digital Technology to Improve the Shopping Experience for Clients
Chart 51 Value Sales 2020-2030
Central Retail and Aeon Target Provincial Expansion to Capture New Spending
Go! and Lotte Integrate Technology and Sustainability to Boost Shopper Engagement
Rising Gdp and Selective Retail Formats Underpin Long-Term Gains
Chart 52 Forecast Value Sales 2020-2030
Central Retail and Aeon Expand Reach as Competition Intensifies
Chart 53 Analyst Insight for Hypermarkets
Chart 54 Company Shares 2025
Chart 55 Brand Shares 2025
Chart 56 Economic Context for Hypermarkets
Chart 57 Real Gdp Growth 2020-2030
Chart 58 Inflation 2020-2030
Chart 59 Consumer Context for Hypermarkets
Chart 60 Population 2020-2030
Chart 61 Population by Generation 2025

Small Local Grocers in Vietnam

Key Data Insights

The Shift of Urban Youth Towards Convenience Stores Is Leading to Store Closures
The Shift of Urban Youth Towards Convenience Stores Is Leading to Store Closures
Young Shoppers Abandon Traditional Stores for Modern Retail Experiences
Community Grocers Adopt Digital Tools to Improve Resilience
Chart 62 Value Sales 2020-2030
Community-Focused Grocers Will Embrace Digital Tools to Offset Closures
New Tax Rules Squeeze Margins and Accelerate Modernisation
Digitalisation and Urbanisation to Reshape Revenue and Store Presence
Chart 63 Forecast Value Sales 2020-2030
Market Fragmentation among Small Local Grocers in Vietnam
Chart 64 Company Shares 2025
Chart 65 Brand Shares 2025
Chart 66 Economic Context for Small Local Grocers
Chart 67 Real Gdp Growth 2020-2030
Chart 68 Inflation 2020-2030
Chart 69 Consumer Context for Small Local Grocers
Chart 70 Population 2020-2030
Chart 71 Population by Generation 2025

General Merchandise Stores in Vietnam

Key Data Insights

Aeon and Chained Variety Stores Drive Growth with Tourism and New Store Concepts
Chart 72 Key Industry Trends for General Merchandise Stores
Aeon and Chained Variety Stores Drive Growth with Tourism and New Store Concepts
Aeon Strengthens Department Store Dominance as Variety Stores Accelerate
Lotte and Aeon Reshape Shopping Habits through Retail-Tainment and Lifestyle Experiences, While Kkv and Miniso Accelerate Youth-Focused Variety Store Expansion
Chart 73 Retail-Tainment Is on the Rise
Chart 74 Kkv Promotes Strategic Cooperation in Vietnam
Chart 75 Value Sales 2020-2030
Chart 76 Value Sales by Category 2025
Miniso to Expand Footprint as Competition Intensifies Nationwide
Livestreaming and Digital Campaigns to Boost Sales and Brand Engagement
Chart 77 Forecast Value Sales 2020-2030
Chart 78 Forecast Value Sales by Category 2025-2030
Aeon Expands with Lifestyle Malls and Digital Rewards to Extend Its Lead
Chart 79 Analyst Insight for General Merchandise Stores
Chart 80 Company Shares 2025
Chart 81 Brand Shares 2025
Chart 82 Economic Context for General Merchandise Stores
Chart 83 Real Gdp Growth 2020-2030
Chart 84 Inflation 2020-2030
Chart 85 Consumer Context for General Merchandise Stores
Chart 86 Population 2020-2030
Chart 87 Population by Generation 2025

Apparel and Footwear Specialists in Vietnam

Key Data Insights

Canifa Leverages Virtual Retail to Sustain Growth Amid Digital Disruption
Chart 88 Key Industry Trends for Apparel and Footwear Specialists
Canifa Leverages Virtual Retail to Sustain Growth Amid Digital Disruption
Chart 89 Canifa Offers Customers a Virtual Retail Experience
Canifa’S Livestreams and Uniqlo’S New Events Redefine Engagement and Loyalty
Chart 90 Uniqlo's Winter Collection Event in Hanoi
Giordano Captures Growth by Blending Online and Offline Strategies
Chart 91 Value Sales 2020-2030
Livestream Shopping and Digital Integration to Support Revenue Gains
Chained Specialists to Leverage Brand Experience to Outpace Online Rivals
Chart 92 Forecast Value Sales 2020-2030
Uniqlo Increases Customer Engagement through Weekly Promotions and In-Store Events
Chart 93 Analyst Insight for Apparel and Footwear Specialists
Chart 94 Company Shares 2025
Chart 95 Brand Shares 2025
Chart 96 Economic Context for Apparel and Footwear Specialists
Chart 97 Real Gdp Growth 2020-2030
Chart 98 Inflation 2020-2030
Chart 99 Consumer Context for Apparel and Footwear Specialists
Chart 100 Population 2020-2030
Chart 101 Population by Generation 2025

Appliances and Electronics Specialists in Vietnam

Key Data Insights

Mobile World Jsc and Peers Accelerate Shift to Digital as Physical Sales Weaken
Chart 102 Key Industry Trends for Appliances and Electronics Specialists
Mobile World Jsc and Peers Accelerate Shift to Digital as Physical Sales Weaken
Dien May Cho Lon Boosts Sales through Regular Large-Discount Livestreams
Chart 103 Mega Dien May Cho Lon Sale on Facebook Livestream
Fpt Shop’S Ai-Powered Trade-In Programme Accelerates Upgrade Cycles and Loyalty
Chart 104 Ai-Powered Trade-In Programme at Fpt Shop
Chart 105 Value Sales 2020-2030
Mobile World Jsc and Fpt Prioritise Digitalisation to Drive Value Gains
Mobile World Jsc and Fpt Embrace Ai and Omnichannel Strategies to Enhance Customer Experience
Chart 106 Forecast Value Sales 2020-2030
Mobile World Jsc Leverages Brand Strength and Financial Solutions to Outpace Rivals
Chart 107 Analyst Insight for Appliances and Electronics Specialists
Chart 108 Company Shares 2025
Chart 109 Brand Shares 2025
Chart 110 Economic Context for Appliances and Electronics Specialists
Chart 111 Real Gdp Growth 2020-2030
Chart 112 Inflation 2020-2030
Chart 113 Consumer Context for Appliances and Electronics Specialists
Chart 114 Population 2020-2030
Chart 115 Population by Generation 2025

Home Products Specialists in Vietnam

Key Data Insights

Nha Xinh Promotes Value-Oriented Purchasing through Aggressive Discounts
Chart 116 Key Industry Trends for Home Products Specialists
Nha Xinh Promotes Value-Oriented Purchasing through Aggressive Discounts
Chart 117 Nha Xinh Launches Discount Campaign to Draw Customers
Home Improvement and Gardening Stores Sustain Leadership as Pet Shops Accelerate
Chart 118 Jysk Ðà N?ng Reopens with Nordic Store Concept 3.0 and an Enhanced Customer Experience
Jysk Transforms Store Experience to Capture Young Shoppers’ Attention
Chart 119 Value Sales 2020-2030
Chart 120 Value Sales by Category 2025
Nitori Speeds up Store Expansion as Urban Youth Drive Demand for Comfort
Home Improvement Stores Consolidate Lead as Pet Shops Outpace Growth
Omnichannel and Store Upgrades Redefine Consumer Engagement
Chart 121 Forecast Value Sales 2020-2030
Chart 122 Forecast Value Sales by Category 2025-2030
Aa Corp and Nitori Reinforce Their Dominance through Brand Investment and Rapid Expansion
Chart 123 Analyst Insight for Home Products Specialists
Chart 124 Company Shares 2025
Chart 125 Brand Shares 2025
Chart 126 Economic Context for Home Products Specialists
Chart 127 Real Gdp Growth 2020-2030
Chart 128 Inflation 2020-2030
Chart 129 Consumer Context for Home Products Specialists
Chart 130 Population 2020-2030
Chart 131 Population by Generation 2025

Health and Beauty Specialists in Vietnam

Key Data Insights

Resilient Growth through Integrated, Experience-Driven Retail
Chart 132 Key Industry Trends for Health and Beauty Specialists
Resilient Growth through Integrated, Experience-Driven Retail
Long Chau and Compliant Chains Consolidate Leadership as Regulation Reshapes the Health and Beauty Specialists' Channel
Chart 133 Tightened Controls at Every Stage of Production and Distribution to Prevent Counterfeit Medicines
Vietnam's Health and Beauty Specialists Transform into Trusted, Multi-Service Retail Hubs
Chart 134 Hasaki Introduced the Hasaki Beauty Centre within Its Beauty Specialist Store
Chart 135 Value Sales 2020-2030
Chart 136 Value Sales by Category 2025
Long Chau, Hasaki and Watson to Expand Reach beyond Major Cities
Pharmacies Set to Secure Leadership as Traditional Channels Lose Popularity
Hasaki’S Interactive Formats and Digital Innovation to Redefine Retail Experience
Chart 137 Forecast Value Sales 2020-2030
Chart 138 Forecast Value Sales by Category 2025-2030
Long Chau Accelerates Digital Expansion as Hasaki Captures Growth with Investment
Chart 139 Analyst Insight for Health and Beauty Specialists
Chart 140 Company Shares 2025
Chart 141 Brand Shares 2025
Chart 142 Economic Context for Health and Beauty Specialists
Chart 143 Real Gdp Growth 2020-2030
Chart 144 Inflation 2020-2030
Chart 145 Consumer Context for Health and Beauty Specialists
Chart 146 Population 2020-2030
Chart 147 Population by Generation 2025

Direct Selling in Vietnam

Key Data Insights

Regulatory Crackdowns Hit Sales at Herbalife and Amway
Chart 148 Key Industry Trends for Direct Selling
Regulatory Crackdowns Hit Sales at Herbalife and Amway
Consumer Caution and Enforcement Reshape Product Sales Hierarchy
Police Interventions Expose Unlicensed Operators and Reduce Participation
Chart 149 Vietnamese Government Intensifies Regulatory Oversight and Enforcement against Non-Compliant Operators
Chart 150 Value Sales 2020-2030
Chart 151 Value Sales by Category 2025
Oriflame Leverages Ai and Digital Tools to Reshape Advisor Engagement
Amway Pivots to Wellness and Premium Cosmetics to Defend Growth
Ministry Enforcement Restricts Dietary Supplement Launches and Drives Digital Adaptation
Chart 152 Forecast Value Sales 2020-2030
Chart 153 Forecast Value Sales by Category 2025-2030
Herbalife Builds Brand Loyalty through Nationwide Health Initiatives
Chart 154 Analyst Insight for Direct Selling
Oriflame Expands Digital Community to Drive Advisor Engagement
Chart 155 Company Shares 2025
Chart 156 Brand Shares 2025
Chart 157 Economic Context for Direct Selling
Chart 158 Real Gdp Growth 2020-2030
Chart 159 Inflation 2020-2030
Chart 160 Consumer Context for Direct Selling
Chart 161 Population 2020-2030
Chart 162 Population by Generation 2025

Retail E-Commerce in Vietnam

Key Data Insights

Tiktok Shop Outpaces Traditional Rivals with Viral-Driven Sales
Chart 163 Key Industry Trends for Retail E-Commerce
Tiktok Shop Outpaces Traditional Rivals with Viral-Driven Sales
Shein and Temu Lose Ground as Domestic Rules Reshape Shopping Habits
Chart 164 New Regulations Eliminate Vat and Import Tax Exemptions for Low-Value Shipments under Vnd1 Millionpicture 1
Rising Fees and Tax Changes Prompt Sellers to Rethink Pricing and Promotions
Chart 165 Decree No. 117/2025/Nd-Cp Overhauled Tax Administration for Individuals and Household Businesses Trading on Digital Platformspicture 2
Chart 166 Value Sales 2020-2030
Chart 167 Value Sales by Category 2025
Tiktok, Instagram, and Youtube Shape Gen Z Purchasing with Livestream Shopping
Marketplace E-Commerce Keeps Its Lead as Sellers Seek Alternative Platforms
Chart 168 Forecast Value Sales 2020-2030
Chart 169 Forecast Value Sales by Category 2025-2030
Shopee Raises Fees, and Tiktok Shop Captures Share with Shoppertainment
Chart 170 Analyst Insight for Retail E-Commerce
Chart 171 Company Shares 2025
Chart 172 Brand Shares 2025
Chart 173 Economic Context for Retail E-Commerce
Chart 174 Real Gdp Growth 2020-2030
Chart 175 Inflation 2020-2030
Chart 176 Consumer Context for Retail E-Commerce
Chart 177 Population 2020-2030
Chart 178 Population by Generation 2025

Country Reports Disclaimer

The following categories and subcategories are included:

Retail

      • Fashion Vending
      • Health and Beauty Vending
      • Appliances and Electronics Vending
        • Alcoholic Drinks Vending
        • Hot Drinks Vending
        • Soft Drinks Vending
        • Tobacco Products Vending
      • Foods Vending
      • Home Products Vending
      • Other Products Vending
        • Apparel and Footwear Direct Selling
        • Personal Accessories Direct Selling
        • Eyewear Direct Selling
        • Beauty and Personal Care Direct Selling
        • Consumer Health Direct Selling
        • Tissue and Hygiene Direct Selling
      • Appliances and Electronics Direct Selling
      • Drinks and Tobacco Direct Selling
      • Foods Direct Selling
      • Home Products Direct Selling
      • Other Products Direct Selling
        • Apparel and Footwear E-Commerce
        • Personal Accessories E-Commerce
        • Eyewear E-Commerce
        • Beauty and Personal Care E-Commerce
        • Consumer Health E-Commerce
        • Tissue and Hygiene E-Commerce
        • Consumer Appliances E-Commerce
        • Consumer Electronics E-Commerce
        • Toys and Games E-Commerce
      • Drinks and Tobacco E-Commerce
      • Foods E-Commerce
        • Home Care E-Commerce
        • Home and Garden E-Commerce
        • Pet Care E-Commerce
      • Other Products E-Commerce
        • First-Party (1P) Marketplace E-Commerce
        • Third-Party (3P) Marketplace E-Commerce
      • Grocery E-Commerce
      • General Merchandiser E-Commerce
      • Apparel and Footwear Specialist E-Commerce
      • Appliances and Electronics Specialist E-Commerce
      • Home Products Specialist E-Commerce
      • Health and Beauty Specialist E-Commerce
      • Leisure and Personal Goods Specialist E-Commerce
      • Other E-Commerce Retailers

Retail

Retail is the sale of new and used goods to consumers from a business for personal or household consumption from retail outlets, kiosks, market stalls, vending, direct selling and e-commerce. Retail is the aggregation of Retail Offline and Retail E-Commerce. Excludes specialist retailers of motor vehicles, motorcycles, vehicle parts. Also excludes fuel sales, foodservice sales, rental transactions, wholesale sales (e.g. Cash and Carry), and sales through cannabis dispensaries in markets where cannabis is sold legally. Sales value excluding or including VAT/Sales Tax. Retail also excludes the informal retail sector. Informal retailing is retail trade which is not declared to the tax authorities. Informal retailing encompasses (a) sales generated by unregistered and unlicensed retailers, i.e. retailers operating illegally, and (b) any proportion of sales generated by a registered and licensed retailer that is not declared to the tax authorities. Unregistered and unlicensed retailers operate predominantly (although not exclusively) as street hawkers or operate open market stalls, as these channels are harder for the authorities to monitor than permanent outlets. Activities in the illegal market, which is usually understood to refer to trade in illegal, counterfeit or stolen merchandise, are included within our definition of informal retailing. Activities in the “grey market”, which is usually understood to refer to trade in legal merchandise that is sold through unauthorized channels – for example cigarettes bought legally in another country, legally imported, but sold at lower prices than in authorized channels – will be included as informal retailing if no tax is paid on sale by the retailer. However if the retailer pays tax – for example on cigarettes bought legally in another country but sold at a lower price than standard – the sale is included within formal retail.

See all of our definitions
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This report originates from Passport, our Retail research and analysis database.

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