Vietnamese corporations have asserted their position and strength after many large acquisition deals. Big names are confident about holding onto the domestic market, even knocking out foreign retail giants.
Foreign retailers look to expand operations in Vietnam
Foreign retail businesses are adopting a multi-channel sales strategy as well as improved operations and delivery services to expand Vietnam operations despite pandemic impacts.
Villa rent plummets, villa owners told to pay tax
The income of the owners of villas and street-front houses has dropped dramatically over the last year because of low demand. Many owners have been told to pay tax if their revenue is over VND100 million a year.
Foreign retailers make quiet landing as domestic counterparts shut down
Many shops hit hard by Covid-19 have had to close, but some foreign retailers have taken advantage of the opportunity to scale up their business in Vietnam.
Exports via foreign retail networks prove fruitful: Official
The export of Vietnamese goods via the distribution networks of foreign retailers has proven to be an effective and sustainable channel, Deputy Minister of Industry and Trade Do Thang Hai told a recent conference in Hanoi.
Foreign retailers face uphill struggle
Foreign retailers set to make a debut in Vietnam may find themselves in a harsh competitive landscape after the global health crisis.
Trade Ministry proposes opening fuel market to foreign retailers
The Ministry of Industry and Trade has sent the Government a draft decree amending and supplementing certain articles of Decree 83/2014 on petrol and oil trading, proposing allowing foreign investors to enter the country’s fuel retail market.
Vietnamese billionaires join hands to develop domestic retail network
The market needs more cooperation among Vietnamese retailers amid the massive influx of foreign retailers, experts say.
M&A situation turns around: VN billionaires take over foreign retailers
Foreign retail groups undoubtedly are a powerful influence in the domestic market. However, Vietnamese retailers are vowing to ‘play big’ to gain the upper hand in the home market.
Vendors compete with convenience stores for customers
Mobile vending vans that sell food early in the morning and groceries that provide vegetables and fruits have joined the retail market and become rivals of convenience stores.
Foreign retailers selling goods without permission in Vietnam?
Rice, one of the seven goods categories foreign retailers are not allowed to distribute without permission in Vietnam, is still on the shelves of Lotte Mart and MM Mega Market.
Why foreign retailers withdraw from Vietnam?
Capital withdrawals of foreign retailers in Vietnam have fielded a number of queries on whether the firms had sustained losses or if the local business climate lacked enough incentives.