Though retail as a whole is no longer considered an emerging sector in China, some of the sector’s sub-markets and business formats are just developing and receive strong support from the government, including funding, grants, and preferential policies. Foreign companies may find lucrative investment opportunities in these areas.
Indonesia is currently trying to keep up with the retail market by engaging into Internet marketing. Some of the country’s biggest companies are approaching this transition by adopting the strategies and techniques from the already mature e-commerce markets in countries such as USA, Japan and China.
Vietnam is an emerging market that is full of business potential. Even though it has its fair share of challenges that any typical emerging market faces in the region, it has fared well in terms of doing business.
For the last six years in a row, Korea has been the Philippines top international tourist generating market. In 2006, Koreans took the number one spot both in tourist arrivals and foreign investment in the Philippines. By 2015, more and more top Korean businesses are looking at the Philippines as a viable place to distribute their products.
Thailand is the second-largest economy in Southeast Asia after Indonesia. Its capital, Bangkok – also the country’s most populous city – is a commercial hub in Asia with a thriving retail market for Thai residents and overseas visitors. As such, Thailand has attracted many multinational retailers alongside a high penetration of local brands.
With an expanding middle class and a sizeable young population, along with flourishing tourism, Vietnam’s retail market has thrived and attracted a host of international brands eager to grab a slice of the growing market.