Saigon Co.op

Update news Saigon Co.op

Vietnamese products attract foreign distribution channels

Vietnamese products are attractive to foreign distribution channels as lots of purchase departments of foreign distribution channels have arrived in Vietnam to speed up purchasing contracts with local enterprises.

Traditional trade channels still a main draw in Vietnam

Despite the robust development of e-commerce, traditional trade channels have maintained their domination in Vietnam as they satisfy shopping habits of local consumers.

Saigon Co.op takes over 18 Auchan supermarkets

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.

Convenient store competitiveness severer in Vietnam

Convenient stores have never developed as strong as present in Vietnam with the more attendance of both foreign and local retailers, which has rocketed rent rates forcing some firms with weak financial ability to transfer their shops

BUSINESS IN BRIEF 14/11

 Cut in gold jewellery export tax proposed; Panasonic opens new factory in Binh Duong; Saigon Co.op makes Asia Pacific top 10 retailer list; Slow site clearance hits WB-funded project; Support industry to receive tax cuts

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.