retailers

Update news retailers

Consumer fear leads to fall in pork prices

 VietNamNet Bridge – The price of pork in the southern Dong Nai Province has fallen from VND46,000 per kg (US$2.11) to VND43,000 ($1.97).

More convenience stores open at filling stations, supermarkets

VietNamNet Bridge - Retailers have been opening up more convenience stores to attract youth and students.

Retailers advised to learn “Parkson lesson” before entering Vietnam

VietNamNet Bridge - The Vietnamese retail market, analysts say, is still being overestimatrd by investors. 

Is Japanese capital leaving Vietnam? (part 4)

VietNamNet Bridge - Analysts have noted new characteristics of the current Japanese investment wave in Vietnam: more capital flow to retail, food supply and finance services.

Foreign retail giants compete for big projects in Vietnam

VietNamNet Bridge - Major foreign retail groups are competing for a slice of the commercial retail pie in Vietnam, despite the closure of some malls in Hanoi.  

Retailers face foreign competition

 VietNamNet Bridge – Vietnamese retailers are facing fierce competition from several new foreign players in the market, who also have strong financial potential and experience.

Minister denies that Vietnam is losing retail market

VietNamNet Bridge – Minister of Industry and Trade Vu Huy Hoang said that 97 percent of the total goods in the market are distributed by Vietnamese businesses, while foreign retailers hold only 3 percent.

Parkson mall in Hanoi temporarily shut down, future unclear

VietNamNet Bridge – Parkson, a Malaysian invested shopping mall in Hanoi, has released a notice that it would be closed until January 7, but sources say that the closure is rumored to be permanent.

Retailers get into festive spirit

 VietNamNet Bridge – Many streets in HCM City, including major downtown ones, big and small shopping malls, and stores are beautifully decorated as people prepare to welcome Christmas and New Year.

Retailers strive to increase online, offline sales

 VietNamNet Bridge – Traditional retailers at brick-and-mortar shops are investing to develop online sales, while online distributors are opening stores to boost traditional retail sales.

Real-estate giant Vingroup enters retail sector, redraws market map

VietNamNet Bridge – Vingroup’s leap into the retail market is expected to give Vietnamese retailers better opportunities in the domestic market, which is dominated  by foreign players.

BUSINESS IN BRIEF 25/9

 Economic restructuring brings opportunities to investors; JW Marriott Hanoi win Best New MICE Hotel award; Pepper export value hits US$1bln for first time; Vietnam’s export to Laos hits 287 mln USD in 8 months

BUSINESS IN BRIEF 16/9

 Domestic retailers struggle to compete; Steelmaker to get $48m from SCIC to expand production; Demand for imported beer surges; Finance ministry seeks to remove advertising cap; VN investors eye Laos market

Ex-Sainsbury's boss Justin King in Scotland vote warning

 The former boss of Sainsbury's supermarket has issued a strong warning about the costs for retailers of doing business in an independent Scotland.

Vietnamese supermarkets restrained by bikie culture

VietNamNet Bridge – In a recent conversation with the CEO of one of Vietnam’s hypermarkets, he told me when they opened their first such huge store he didn’t realise the average spend per customer would be so low.

Vietnamese retailers’ circular firing squad

 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.

Foreign smartphone producers continue Vietnam campaign

VietNamNet Bridge – In early March, China’s Gionee launched its flagship Elife E7 smartphone line in the Vietnamese market and unveiled that its S5.5 would be available in the country in June. 

BUSINESS IN BRIEF 28/2

 Industrial production on recovery path; FDI drops sharply in two months; Rubber industry invests heavily in Cambodia; Japan invests US$3.1 billion in Dong Nai; 3.72 trillion VND of Government bonds mobilised

Retail premises in high demand, cheaper than ever

 VietNamNet Bridge – Retailers hunting for retail premises to open shops to enlarge their distribution networks, have bubbled over with joy as a lot of products have been put on sale, with very reasonable prices.

Time for supermarket chains

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