retail market

Latest News about retail market

Rural groceries change business strategy as they compete with foreign supermarketsicon
BUSINESS04/12/20210

Rural groceries change business strategy as they compete with foreign supermarkets

Thanh Ngoc, the owner of a grocery store, was seen comparing the prices of thousands of products with a smartphone.

 
Vietnam’s 2020 retail sales see the lowest growth in nine yearsicon

Vietnam’s 2020 retail sales see the lowest growth in nine years

BUSINESS
04/01/2021

Vietnam’s total revenue from retail trade and services reached over VND5 quadrillion (US$219.5 billion) in 2020, representing a modest yearly rise of 2.6 per cent, according to the General Statistics Office (GSO).

Retailers rush to expand market shareicon

Retailers rush to expand market share

BUSINESS
17/11/2020

The race for domestic retail market share was heating up as local and foreign firms looked to expand their networks, experts said.

Local retailers closing shops because of Covid-19icon

Local retailers closing shops because of Covid-19

BUSINESS
25/07/2020

Many retailers have had to close shops and give back retail premises to landlords because of poor patronage and a dramatic drop in sales.

VN retail market still large enough for newcomersicon

VN retail market still large enough for newcomers

BUSINESS
31/01/2020

The retail sector still saw strong growth in 2019, especially in second-class cities, but it cooled down in large cities.

Masan to close ineffective VinMart, VinMart+ storesicon

Masan to close ineffective VinMart, VinMart+ stores

BUSINESS
14/01/2020

Masan Group intends to close up to 10 VinMart supermarkets and 150-300 VinMart+ convenience stores that have performed poorly and will open 20-30 new VinMart supermarkets and 300-500 VinMart+ stores this year.

2019 retail market: Vingroup, Auchan leave, e-commerce websites shut downicon

2019 retail market: Vingroup, Auchan leave, e-commerce websites shut down

BUSINESS
05/01/2020

A lot of events happened in 2019, including merger and acquisitions (M&As). Meanwhile, some e-commerce websites stopped their operation.

More work needed to popularise VN goodsicon

More work needed to popularise VN goods

BUSINESS
11/12/2019

While Vietnamese goods have become more popular in the domestic market, there's still a long way to go before local products rule the roost.

Vietnam’s retail market draws in domestic and foreign investorsicon

Vietnam’s retail market draws in domestic and foreign investors

BUSINESS
09/10/2019

The growth and openness of the economy have made Vietnam an attractive retail market for both domestic and foreign retailers.

Korean convenience store chain CU to open in Vietnamicon

Korean convenience store chain CU to open in Vietnam

BUSINESS
27/09/2019

Major convenience store chain CU from South Korea will open its stores in Vietnam, following the success in Mongolia.

F&B chains move ahead despite obstaclesicon

F&B chains move ahead despite obstacles

BUSINESS
24/07/2019

Investments in F&B chains are increasing despite the signs of a growth slowdown.

Saigon Co.op takes over 18 Auchan supermarketsicon

Saigon Co.op takes over 18 Auchan supermarkets

BUSINESS
28/06/2019

Saigon Co.op has officially taken over 18 Auchan supermarkets in the country after the French retail group announced its withdrawal last month from the Vietnamese market by selling its loss-making business.

Competitors dislodged from hot retail marketicon

Competitors dislodged from hot retail market

BUSINESS
29/04/2019

The sale of Shop&Go to Vingroup for the price of $1 has been described as a declaration of bankruptcy, rather than an M&A deal.