retail sector

Update news retail sector

E-commerce a positive for retail sector

Despite the impact of the COVID-19 pandemic, the retail market in Vietnam in the first quarter of this year still recorded positive results from e-commerce, online shopping and delivery services.

Vietnam retail industry face difficulties during COVID-19

Many businesses have been forced to implement social distancing rules due to the COVID-19 outbreak, and the retail sector has been hit hard.

Vietnamese firms invest over US$430 million abroad in nine months

Domestic businesses have invested approximately US$431.7 million abroad during the first nine months of the year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Private consumption now Vietnam’s main growth driver: HSBC

Vietnam has the second-largest consumption share in ASEAN, with the potential to outpace the Philippines soon. 

Retail sector sees foreign-Vietnam M&A

 VietNamNet Bridge – The Vietnamese retail market has seen some mergers and acquisitions (M&A) between foreign and Vietnamese enterprises, thanks to the huge development potential of the retail sector.

Retail sector likely to be biggest recruiter this year

The domestic retail sector is expected to be the largest creator of jobs this year, according to a job survey conducted by Navigos Search, a leading provider of executive search and management consultancy services in Viet Nam.

Retail sector holds opportunities

 VietNamNet Bridge –Viet Nam is a promising market for foreign retailers and will have more competition on the local retail market next year which is the deadline of opening the domestic retail market.

BUSINESS IN BRIEF 6/2

 Overseas Vietnamese seeking to re-export ineligible cars; Local gold price slides after Tet; US farm bill hampers Vietnamese catfish; Exports to the US leap 21.3 per cent; Deficit higher as shipments plunge