Indochina Land to change focus

Indochina Land will move into mid-end residential properties and retail developments while taking a cautious approach to building more tourism properties.

Euro maintains slight lead on dollar after US data

The euro maintained a slim lead on the dollar Tuesday after the US currency closed the gap on news of better-than-expected US retail sales that reassured traders on recovery prospects in the United States.
japanese firm to open mini mart in vietnam

Japanese firm to open Mini-mart in Vietnam

G7Mart, an affiliate of coffee producer Trung Nguyen Corporation, on December 11 made an agreement with the major Japanese retailer Ministop to develop a chain of convenience stores in Vietnam in May 2011.

Supreme Court to decide if Wal-Mart bias case can proceed

The Supreme Court announced Monday it will consider whether a sex discrimination claim by some 1.5 million current and former employees of retail giant Wal-Mart, the largest class action lawsuit in US history, can go ahead.
local businesses borrow at any costs for booming time at yearend

Local businesses borrow at any costs for booming time at yearend

Financial experts said many businesses would be willing to borrow money at the current rates as they need large sources of capital at the end of the year, which is expected to be a booming time of the local retail market.
bike prices rev up on high demand

Bike prices rev up on high demand

The prices of motorbikes are rising nationwide with retailers ramping up their profit margins to take advantage of end-of-the-year.
amazon pumps 175 million into livingsocial

Amazon pumps $175 million into LivingSocial

Online retail powerhouse Amazon.com pumped $175 million Thursday into LivingSocial, a fast-growing startup that connects smartphone users with shopping bargains.
us stocks rally for second straight day

US stocks rally for second straight day

Wall Street stocks on Thursday ended a second straight day of robust gains, lifted by a sharp rise in US home sales and retail sales as the holiday shopping season gets into high gear.
retail price of gas up by vnd 38000 per 12 kg canister

Retail price of gas up by VND 38,000 per 12 kg canister

The retail price of gas in Ho Chi Minh City today increased by VND 38,000 ($1.9) per 12 kg canister to about VND 335,000 (16.75).
landscape turns off foreign retailers

Landscape turns off foreign retailers

Big foreign retailers are still being turned off Vietnam’s market.
hsbc appoints new chief of private banking division

HSBC appoints new chief of private banking division

Global banking giant HSBC said Friday it had appointed Paul Thurston, head of UK operations, as the new boss of its private banking division.

Galeries Lafayette to open store in China in 2013

French department store Galeries Lafayette said Wednesday it planned to open its first outlet in China in 2013 and could open 14 more if a joint venture with Hong Kong-based fashion retailer IT worked out.

Carrefour to stay in Malaysia, Singapore

French retail giant Carrefour said Thursday it had abandoned a planned sale of its Malaysia and Singapore stores, pledging instead to build up its market share in the Asian nations.

US stocks mixed despite robust retail sales

US stocks closed mixed on Monday, paring earlier gains on data showing robust US retail sales ahead of the all-important holiday shopping season and news of a massive acquisition by Caterpillar.

Robust retail sales lift Wall Street stocks

US stocks opened higher on Monday buoyed by much better than expected US retail sales ahead of the all-important holiday shopping season.