Retail in Asia

In Sectors

Vietnam’s consumer electronics market to boom

Vietnam’s consumer electronics market is set for a strong period of growth with many new stores opening amid a revival after a downturn, industry insiders forecast.

One consumer electronics company in the north, Tran Anh, has opened seven new outlets. PICO and Mediamart have also expanded by opening new stores in Hanoi and northern provinces in January.

The biggest retailer in the south, The Gioi Di Dong (Mobile World) Joint Stock Company, said its electronics business is booming. According to Tran Kinh Doanh, its CEO, there were 20 Dien May Xanh stores at the beginning of last year, and the number has increased to over 70 now.