Vincommerce, the owner of the VinMart supermarket and VinMart+ convenience store chains, maintained its top ranking among retailers for the second two consecutive year, while Big C and Lotte Mart are slowly stepping down, according to Vietnam Report.
|Both Big C and Lotte Mart fell in the rankings of the top 10 retailers of Vietnam |
|Top 10 reputable retailers 2019 for FMCG and supermarkets |
- Saigon Co.op
- Big C
- Lotte Mart
- Mega Market
- Dai Tan Viet JSC
Vietnam Report has just announced the list of most reputable retailers in 2019. Vincommerce, with VinMart and VinMart+, ranks first while Saigon Co.op climbed up a rung since last year to second position.
Meanwhile, foreign-invested retailers like Big C, a member of Thailand’s Central Group, and South Korea’s Lotte Mart fell to fourth and seventh, respectively.
Japan’s Aeon also gained a rank, while Mega Market has entered the list at the eighth position.
In the retail of electronics and jewellery, Mobile World and its subsidiaries rank first, followed by PNJ and FPT Retail.
This year, Digiworld has made it into the top 10, knocking out Home Centerfrom the list.
|Top 10 reputable retailers 2019 for electronics and jewellery |
- Mobile World
- Phu Nhuan Jewelry (PNJ)
- FPT Shop
- Media Mart
- Cao Phong Electronics
“Through the survey of customers and experts, VinMart was highlighted for the diversity and quality of goods and after-sales services, while Mobile World is highly appreciated for its financial sources and brand,” outlined the report.
According to Vietnam Report, these companies are evaluated on three major criteria like financial capacity (which is referred from the latest financial statement), reputation on media channels, and surveying consumers about awareness and satisfaction with companies and products/services, and others.
Over the past years, the retail segment has recorded rapid growth. CAGR in 2013-2018 is 10.97 per cent. The total revenue of the segment is expected at $180 billion in 2020, equivalent to the increase of 26.6 per cent over 2018.
The high growth speed of retail is caused by the population of more than 97 million (in 2019), 60 per cent of whom are young (from 18-50). Besides this, the World Bank also anticipated that the expenses of every household will increase by 10.5 per cent per annum on average.