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Update news Big C
Big C, Metro, Tran Anh and Vien Thong A, once powerful retail giants, have disappeared after takeover deals.
Many M&A deals in the retail market were made in 2019, but unlike previous years, Vietnamese groups ‘conducted the choir’.
While COVID-19 will disrupting FMCG businesses, not all product categories and retailers will see a negative impact, according to Kantar Worldpanel Vietnam.
Supermarkets and retailers in Vietnam are making bank from the public rushing to stock up on indispensable food supplies, which could ultimately push forward an increase in awareness of food handling and safety.
Christmas they say, is a time for giving. But for many businesses around the country, it is prime time to receive as well.
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.
Many Vietnamese products' availability at large supermarkets in Thailand will act as a springboard for Vietnamese goods to reach the regional market.
Foreign retailers started coming to Vietnam 20 years ago but many of them have had to leave.
Transporting goods to supermarkets is an arduous journey for manufacturing enterprises, especially small and medium ones.
Some foreign retail groups have left Vietnam recently. Is this because the retail market is no longer attractive?
Businesses have been told to make high-quality products to attract customers and use different distribution chains to optimize their profits.
There is no regulation about the discount rates suppliers have to pay to supermarkets or the the ratio of Vietnam-made goods that must be available at supermarkets.
Some experts, warning that foreign retailers will give priority to distribute goods from their home countries, have suggested taking serious measures to ensure the availability of Vietnamese goods at foreign supermarkets.
The dispute between Big C Vietnam and 200 textile and garment suppliers has been settled, but the public is still upset about the behavior of the retailer from Thailand.
If Vietnamese products are absent from large retail chains, domestic production will lose advantages in the home market, experts warn.
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.
The Ministry of Industry and Trade wants to work with Big C and the Vietnam Textile & Apparel Association to find out the reason why Big C has announced an end to the sale of local textile and garment products.
More foreign investors have had to leave Vietnam after taking losses for a long time, though Vietnam is considered an attractive market with increasingly high purchasing power.
The Vietnamese retail market would hardly attract more European retail groups in the mass segment due to the harsh competition.
Some retail chains are seeking hundreds of workers as they plan to open more shops to scale up their business.