Tran Anh has been sold to The Gioi Di DongThe Vietnamese drug retail market in 2017 was estimated at $4.7 billion, while the figure may rise to $7.7 billion by 2021 and $16.1 billion by 2026 with the CAGR (compound annual growth rate) of up to 11 percent. The strong development of e-commerce has also shrunk opportunities for growth.Analysts say that the giants, who hold the largest home appliance market shares, have realized that opportunities in the market are no longer great. In 2017, every Vietnamese spent $56 on drugs.As such, it is highly possible that the major driving force for home appliance distributors’ growth in the next years will be drugs, not their major business field.Some home appliance centers are reportedly meeting difficulties because of higher costs and lower profits. Sources said some large distributors have no more capital for marketing. However, distributors have to enlarge their networks to scramble for clients.

Source: VietNamNet News March 07, 2018 07:07 UTC