Vietnam is forecasted to be the fastest growing convenience store market in Asia by 2021
According to the Institute of Grocery Distribution (IGD), Vietnam is forecast to be the fastest growing convenience store market in Asia by 2021, followed by Philippines and Indonesia. Asia’s grocery market is the largest in the world, with a predicted 6.3% compound annual growth rate up to 2021. Its size is forecast to reach US$4.8 trillion by 2021: equivalent to Europe’s and North America’s combined.
In the convenience channel, IGD is forecasting high double-digit compound annual growth over the next four years in Vietnam (37.4%), the Philippines (24.2%) and Indonesia (15.8%), based on the performance of the leading convenience store operators in each market.
Convenience stores in Vietnam have become popular destinations for young consumers to shop and hang out - This is an opportunity for manufacturers and retailers to create and improve F&B product innovations.
Fi Vietnam can serve all segments of this fast-growing and attractive market with a targeted trade show.
Meet with 5,000+ the key high-level food industry professionals all in one place.
Get ahead of your competitors. Fi Vietnam offers a great chance both for SMEs and multinational companies as local markets are still developing.
Educate your future clients and learn about market trends with an educational programme that includes seminars, conferences and an award ceremony.
VIETNAM – Representative Office of UBM Asia in Ho Chi Minh City Contact Us:
Ms. Nguyen Thao (Sophie)
T +(84) 28 36222 588
F +(84) 28 36222 527
E-mail: [email protected]
ASIA (outside Vietnam) – UBM Asia (Thailand) Co., Ltd Contact Us:
Ms. Thansaya Patcharathanachai
T +(66) 2036 0504 Ext. 515
F +(66) 2036 0588, 2036 0599
E-mail: [email protected]
