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HCMC to enter Top 20 cities with hot growth in retail floor

According to the annual research on global retail floor development recently announced by CBRE, the global retail market in 2016 records 12.5mln square meters of retail floor at finished trade centers, up 11.4pct y-o-y. Among markets with world’s top lively retail markets, HCMC ranks 17th out of Top 20. Anthony Buono, Chairman of CBRE’s Global Retail Executive Committee, said: “In the age of multi-channels, retailers focus on ensuring the optimal combination between traditional stores and e-trading activities, thus they are using detailed analysis methods and market knowledge to select the best retail website, instead as many websites as possible.”