apple retailers set for price competition shake up

Apple retailers set for price competition shake-up

The latest introduction of a standardised framework by Apple’s online store in Vietnam is likely to redefine the competitive landscape, creating a level playing field for retailers and raising the expectations of customers.
apples resilient iphone sales and samsungs dominance amidst declining market

Apple's resilient iPhone sales and Samsung's dominance amidst declining market

A new report by Counterpoint Research highlights the intricate dynamics of the Vietnamese smartphone market, which has encountered formidable obstacles that have prompted retailers to recalibrate their operational approaches and grapple with diminished in-store traffic. Amidst these challenges, Apple's iPhone sales demonstrated resilience during the first quarter, while Samsung successfully sustained its market lead despite confronting a contraction in sales volume.
retail sales of consumer goods services top 22 billion usd in may

Retail sales of consumer goods, services top 22 billion USD in May

Total revenue from retail sales of consumer goods and services in May was estimated at 519 trillion VND (22.09 billion USD), an increase of 1.5 per cent over the previous month and 11.5 per cent year on year thanks to the long holidays in the beginning of the month, according to the General Statistics Office (GSO).
robust decision making for rapid retail development

Robust decision-making for rapid retail development

Japanese retail giant AEON is excited to promote further investment in this country. Furusawa Yasuyuki, executive officer board member of AEON Co., Ltd. in charge of Vietnam Business, as well as general director of AEON Vietnam, explained to VIR’s Hoang Oanh why Vietnam is the most important foreign market for the group.
ipp groups edigi shuts down

IPP Group's eDiGi shuts down

eDiGi, a high-end smartphone retailer in Vietnam which exclusively offered Apple's wide range of products, ceased operations on May 17.
retail action hots up with store openings

Retail action hots up with store openings

Vietnam’s retail market is becoming a fertile ground for not only domestic retailers but also foreign brands seeking to do business up and down the country.
reliability remains issue in vietnams electricity policy

Reliability remains issue in Vietnam’s electricity policy

Vietnam’s energy issues are still prevalent, even after it bumped up the electricity retail price earlier this month.
mixed fortunes for major retail names in first quarter

Mixed fortunes for major retail names in first quarter

Some electronics names in Vietnam have taken a hit in early 2023, but companies in other retail segments have crafted the right strategies thus far for the challenges they face.
malls struggling to keep enticing brands

Malls struggling to keep enticing brands

The bankruptcy filing from Malaysian retailer Parkson Retail at the end of April has demonstrated the fierce competition among retail centres in Vietnam
firms ponder impact of new electricity hike

Firms ponder impact of new electricity hike

Vietnam last week raised its average retail electricity price by 3 per cent, in a move that could put upward pressure on inflation.
evn pushes for direct consumer involvement in vrem

EVN pushes for direct consumer involvement in VREM

Electricity of Vietnam (EVN) has developed the necessary criteria for consumers to participate in the Vietnamese retail electricity market (VREM) directly, submitting them to the Electricity Regulatory Authority of Vietnam (ERAV) under the Ministry of Industry and Trade (MoIT).
inflationary caution still to be heeded for rest of year

Inflationary caution still to be heeded for rest of year

A rebound in retail and consumption services and a rise in prices of input materials are expected to cause pressure on the country’s efforts to rein in inflation in the coming months.
parkson retail asia submits application for voluntary bankruptcy in vietnam

Parkson Retail Asia submits application for voluntary bankruptcy in Vietnam

The Board of Directors of Parkson Retail Asia Ltd., together with its subsidiaries, announced on April 28 that Parkson Vietnam Co., an indirect wholly owned subsidiary of the company, filed an application to the People’s Court of Ho Chi Minh City for the commencement of voluntary bankruptcy proceedings.
petrol retailers to buy from multiple sources

Petrol retailers to buy from multiple sources

The Ministry of Industry and Trade (MoIT) informed the National Assembly's Economic Committee on April 21 that petrol retailers will be able to obtain products from multiple suppliers, including distributors and wholesalers, as opposed to the current sole source.
pg and central retail vietnam launch forest restoration drive

P&G and Central Retail Vietnam launch forest restoration drive

In celebration of Earth Day 2023 on April 22, P&G Vietnam, in collaboration with Central Retail Vietnam and Gaia Vietnam, have launched the 'Forests for Good' restoration scheme to promote environmental protection and inspire consumers to play an active role in preserving the earth.