Sector Insight

In 2024, global retail market revenue is estimated to reach USD 31.1 trillion (+5.4% YoY), with growth rate forecast to be remained stable at 4% per annum from 2024- 2027.

In 2024, the growth momentum of Vietnam’s retail sector remained stable compared to 2023. In 2024, the retail sales of goods and services reached VND 6,391 trillion (+9.0% YoY).

Vietnam retail sector outlook in 2025: Retail sector growth is anticipated to reach 9-10% YoY in 2025, driven by: (1) Positive economic growth prospects; (2) Improved income levels and a high urbanization rate; (3) Continued growth momentum from new retail segments.

Typical stocks: MWG, FRT, DGW