On September 30, in Hanoi, Vietnam Report Joint Stock Company (Vietnam Report) announced the ranking of the Top 10 prestigious retail companies in Vietnam in 2022.
Source: Free Pics
Accordingly, the FMCG group honored names including Central Retail Supermarket (GO! Big C, Top Market), Wincommerce General Trading Service Joint Stock Company, and Ho Chi Minh City Union of Trade Cooperatives. Ho Chi Minh City, MM Mega Market (Vietnam) Co., Ltd., Aeon Vietnam Co., Ltd., Saigon Trade Corporation – One Member Limited, Lotte Vietnam Trade Center Joint Stock Company, Translation Joint Stock Company Airport Services Tan Son Nhat, Hanoi Trade Corporation – Joint Stock Company and Lien Pacific Export Co., Ltd.
The Top 10 Reputable Retail Companies in 2022 is built based on 3 criteria: financial capacity shown in the latest year’s financial statements; Media reputation is assessed by the Media Coding method – coding articles about the company on influential media channels and survey results of relevant subjects.
Assessing the business activities of retail businesses at the moment compared to before the pandemic, Mr. Vu Dang Vinh, General Director of Vietnam Report said, in contrast to the previous gloomy situation when a series of stores had to close to implement social distancing, now the retail market is active again in the normal rhythm of life.
In the first nine months of 2022, the total retail sales of consumer goods and services reached VND 4,170.2 trillion, up 21% over the same period last year and gradually catching up with the growth rate of the same period in other years. before the outbreak of the disease; in which, the group of retail goods achieved quite good growth.
Vietnam Report’s retail business survey conducted in August 2022 shows that 53.8% of retail businesses have achieved business performance equal to and exceeding pre-pandemic levels; at the same time, the percentage of businesses recovering from business operating retail chains of durable goods is much higher than that of fast-moving consumer goods chains.
In each industry, the gap also witnessed gap; Large-scale retail businesses with well-organized business strategies recorded a more impressive recovery and growth rate than the rest of the group.
Under the pressure of increasing the cost of input materials in the world, businesses that cannot control their raw materials will be under great pressure to adjust their profit margins. Some businesses can actively increase selling prices to transfer some of the cost pressure to customers, helping to increase revenue but will reduce profit margins somewhat.
Based on this recovery momentum and Vietnam’s advantages compared to other countries in the region, 91.7% of businesses surveyed by Vietnam Report believe that the business prospects of the whole retail industry are in the last months of the year. 2022 will be better than the same period in previous years.
Source: Vietnam Postsen