Shops, supermarkets to remain open during Tet, Hanoi targets 7.5-8 percent export growth in 2018, State capital manager urged to root out corruption, Hanoi encourages exporters’ expansion

As Tet (Lunar New Year) 2018 is coming to town, people are rushing around getting ready for the year’s largest traditional holiday.

 Authority in the northern province of Quang Ninh revoked business license and certificates of shops which violated regulation.

 VietNamNet Bridge – While foreign retailers have been making big leaps to expand their businesses in Vietnam, domestic retailers have been busy playing tricks on each other to scramble for others’ clients.

 VietNamNet Bridge – A lot of enterprises in the fields of real estate, finance & banking, consumer goods have suddenly jumped into the retail market.

VietNamNet Bridge – A lot of merchants in Hanoi have shut down their kiosks and transferred the stalls at shopping malls to others because the business is not good enough to pay for retail premises rents.

VietNamNet Bridge – Though Vietnam has been excluded from the list of the 30 fastest growing retail markets, it remains very attractive in the eyes of foreign retailers.

VietNamNet Bridge – The story about a woman who was differentiated by a fashion shop on Hanoi’s Hang Be Street has caused a stir in the online community.

Luxurious goods bearing well-known brands have been available at many high end shops or shopping malls in Vietnam. However, only a few of them sell genuine products.