Indochina, spearheaded by Vietnam, is one of the fastest growing, and best performing retail market in the world. With increasing disposable incomes, rapid urbanization and rising living standards, Indochina, as a region, is one of the most dynamic emerging economies in the world, notably in Vietnam, Thailand, Myanmar.
Retailers, in particular, have also been drawn by its relatively young population of consumers – of which 70% are aged between 15 and 64 years – who promise to be a key driver of robust market growth.
Vietnam’s stable economic growth rate and population size of approximately 90 million people providing an attractive backdrop for development of the retail industry.
Over the last few years, Vietnam’s retail sector has also witnessed healthy growth rates, with retail sales growing by 60% from 2013-2016, and forecasted to reach USD121 billion in 2017.
Department Stores, Shopping towns, Supermarts, Convenience stores are rapidly expanding with the wave of e-retail, the way consumers shop has changed drastically, and with it the structure of retail has had to adapt to embrace the Omni-channel age.
As the industry continues to embrace the wider international community, multinational retail groups have taken active steps to penetrate the market.
Local Retails are expending the facilities and enhancing the services level to stay competitive.
Mall developers, department store operators, and retailers, brands are investing in its infrastructure and technologies which creates enormous opportunities technology suppliers, vendors and services vendors, such as RFID, digital signage, customer analytics industries. It’s no good just jumping on the latest technology bandwagon – retailers must know what their consumer wants before they know what to deliver with everyone thinking of new ways to make more meaningful connections with customers.
Gathering 200+ key stake holders, decision makers and technology leaders, the Indochina Retail Technology & Innovation Summit is the foremost retail technology focused event and it is a MUST-ATTEND event for retailers and solutions providers interested in Indochina.
Date : 9 November 2017
Venue : Hotel Nikko Saigon, HCMC, Vietnam