retail

Update news retail

Quiet Hanoi and bustling Ho Chi Minh City on Black Friday 2019

During the Black Friday 2019 shopping season, Hanoi remained muted while Ho Chi Minh City shoppers were out in numbers.

Vien Thong A changes name to VinPro

The website and facebook page of Vien Thong A has officially been renamed to VinPro, Vingroup’s retail brand for high-tech products.

MWG predicts Bach Hoa Xanh may break even only next year

Mobile World Group (MWG) at a meeting with investors last week said Bach Hoa Xanh might break even later than expected.

Pressures from aging people may lead UNIQLO targeting Vietnam

The increasing number of elderly and the shrinking young population of Japan may be the main reasons pushing UNIQLO to other markets, including Vietnam.

Substantial discounts to be offered at Hanoi promotion month

Different levels of discounts will be offered to a wide range of products during the Hanoi Sales Promotion Month, which is set to take place in November with the participation of 500 retailers and businesses.

 

Vietnam: the rising star

Reading through the history of Vietnam gives one enormous respect for its people’s resilience. 

Vietnam's convenience retail channel hits record growth rates

As consumer demand for convenience soars across Southeast Asia, convenience retail channels are experiencing record growth rates and higher rates than any other retail channel, according to a new study by Nielsen.

 

Wholesale, retail, vehicle repair see highest number of new firms: GSO

Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14% year on year and accounting for 37.2% of the newly-established firms of the country.

 

Retail, consumer goods, and real estate will lead 2018 M&A market

 Retail, consumer goods, and real estate are forecasted to lead the Vietnamese mergers and acquisitions (M&A) market in 2018. In addition, the value of the M&A market is forecast to stay above $6 billion.

Young brands threatening giants

VietNamNet Bridge - In the digital era, long-lasting brands run by big companies are being threatened by younger companies which are using technology to run their businesses.

Retail, property deals dominate M&A market of Vietnam last year

 Many big and surprising merger and acquisition (M&A) deals were made in 2016 with retail and real estate continuing to dominate this market.

BUSINESS IN BRIEF 2/6

 Retail, manufacturing sectors slow HCM City economy, Vietnam’s consumer confidence index hike, Farmers want pepper futures trading, Catfish raw material management tightened after US warning

Big M&A deals to be made in 2016

VietNamNet Bridge - Retail is leading the merger and acquisition (M&A) market in the number of M&A deals and value in 2016. 

Vietnamese retail market: early bird will catch the worm

VietNamNet Bridge - Gone is the time when big fish swallow smaller fish. It is now the time when faster fish will eat slower ones, according to Nielsen.

Internet retail set to bolster marketplace

 VietNamNet Bridge – As shopping websites keep expanding, with new shops popping up, competition is getting more exciting, but there is still plenty of room for growth in online retail in Vietnam.

Retail, services sales hit US$110 bln

 The country's total retail sales and services revenue reached US$110 billion, rising 9.8% over the same period last year, or 9.1%, if inflation is excluded.

Japanese firms pick Vietnam for expansion, relocation projects

 VietNamNet Bridge – Most Japanese companies operating in China and Thailand would pick Vietnam if they expand or relocate investments over considerations of labor costs and investment climate, heard a conference in HCMC last Friday.

BUSINESS IN BRIEF 1/4

 Successful real estate transactions sees strong surge in Q1, Quang Binh seeks more investors, BIDV offered US$500 million on-lending grid development project, Retail, service sectors post encouraging growth in Q1

Firms struggle to stay in business

 VietNamNet Bridge – The number of Vietnamese companies that have either been dissolved or have suspended operations in the first 10 months of 2014 increased by 9.3 per cent year-on-year to 54,333.

Smartphones - the future of the retail industry

VietNamNet Bridge – Smartphones, which are helping to connect retailers and consumers, play a very important role in the future development of the retail industry.