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Vietnam Convenience Store Network to Triple to 30,000 Outlets by 2030

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Vietnam Convenience Store Network to Triple to 30,000 Outlets by 2030

Vietnam will expand its convenience store network to roughly 30,000 locations by 2030, tripling its current footprint. Consumer buying habits are shifting toward neighborhood shopping and packaged fresh food.

Between 10,000 and 11,000 mini-supermarkets operate across the country today. The opening pace doubled this year from five new locations daily to 10 per day.

Urban routines drive this shift. Shoppers who once visited wet markets in the morning now buy dinner ingredients at neighborhood convenience outlets after work. Retail tracking surveys in Hanoi and Ho Chi Minh City show 81 percent of shoppers choose convenience formats due to proximity to homes or workplaces. Another 28 percent point to extended operating hours. Households also make smaller, more frequent purchases to reduce food waste. Consequently, refrigerated food inventories in urban homes have dropped by as much as 20 percent.

Chain operators are pushing outside tier-one urban centres to find growth and curb occupancy costs. Roughly 70 percent of recently surveyed mini-supermarket openings were in rural communes. Commercial rents there remain lower, and formal retail penetration is minimal.

Modern trade accounts for 16 percent of retail sales across Vietnam. Projections from the Business Studies and Assistance Center show modern channels will reach a 20 percent share by 2030. Meanwhile, traditional wet markets and unorganised family stalls will retreat from 68 percent to 60 percent of total market value.

Domestic grocery chains hold the advantage despite overseas entrants such as Chinese convenience brand Ohmee. op Food, and Satrafoods control the largest store networks and run established regional distribution systems.


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