Despite the epidemic, the Vietnamese retail market in Q1 saw positive signs from e-commerce, online shopping, and delivery services.
According to General Statistics Office, the revenue in Q1 of the food and beverage, hotel and tourism services decreased by 9.6 percent and 27.8 percent, respectively.
|Tiki reported 4,000 orders per minute. SpeedL and Saigon Co-op also reported exponential growth rate in online sales. Grab, an e-hailing app, kicked off GrabMart service to satisfy the shopping needs of people who had to stay home to avoid gatherings.|
CBRE reported that in Asia Pacific, omni-channel and online retail have been doing very well during the epidemic, from consumer goods and cosmetics to luxurious products such as cars. In the long term, the development of e-commerce will serve as the firm foundation for the retail market.