Vietnam’s retail sales to top $179 billion by 2020Vietnam’s retail turnover is expected to rise to 179 billion USD by 2020, according to the Association of Vietnam Retailers. Legal policies, especially those affecting the retail sector, continue to have shortcomings and overlap and do not fit the current socio-economic situation. The key reasons include weak policy advocacy and inadequate contribution of ideas to policy making by business groups, organisations and others. Business groups and enterprises have become aware of the importance of policy advocacy and many are actively working on this, but many businesses are still indifferent. "Firms need to be more active in taking part in negotiations and policy making related to the retail sector," he added.

Source: VietNamNet News September 14, 2016 11:37 UTC