going digital the answer to withstand global fluctuations

Going digital the answer to withstand global fluctuations

As a retail bank with a strong foothold in small- and medium-sized enterprises, ACB expects to continue its growth momentum. ACB chairman Tran Hung Huy and CEO Tu Tien Phat spoke with VIR’s Le Luu about the bank’s digital transformation and its strategic plan for 2023.
retail energy pricing in planning

Retail energy pricing in planning

The proposal to adjust the average retail price of energy must comply with the new bracket and be thoroughly investigated before being presented to local authorities for review, according to the Ministry of Industry and Trade.
growth goals take hit after tricky q1

Growth goals take hit after tricky Q1

Despite a gradual rebound in retail and consumption, lingering difficulties since Q4 last year are expected to continue making dents in economic growth of 2023, with industrial production declining in the first months of the year.
bringing the standards and quality of japanese retail brands to vietnam

Bringing the standards and quality of Japanese retail brands to Vietnam

Vietnam remains an enticing business and investment environment for Japanese investors, especially in the retail sector. Furusawa Yasuyuki, general director of AEON Vietnam, explained to VIR’s Oanh Do how the company is making further efforts to develop its brand while also bringing the best value to customers.
vietnams retail market proves attractive for foreign investors

Vietnam"s retail market proves attractive for foreign investors

Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here.
wmh backs vietnamese retail talent to work in japan

WMH backs Vietnamese retail talent to work in Japan

World Mode Holdings Group (WMH), a leader in job placements for retailers and retail staff in Japan, is working with domestic recruiter People Link to launch a service that supports Vietnamese people to live and work in Japan.
over 250 petitions submitted to authorities on fragility of petroleum regulations

Over 250 petitions submitted to authorities on fragility of petroleum regulations

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.
vib to announce dividend payment plans at its upcoming agm

VIB to announce dividend payment plans at its upcoming AGM

After six years of implementing strong and extensive strategic transformation, Vietnam International Bank (VIB) has marked important milestones in its journey to becoming the leading retail bank in Vietnam.
price management tweaks urged for petrol retailers

Price management tweaks urged for petrol retailers

Petrol retailers and industry insiders are calling for a change in the state management of fuel to ensure businesses can stay afloat.
citi completes sale of vietnam consumer banking business

Citi completes sale of Vietnam consumer banking business

Citi has announced it has completed the sale of Citi’s Vietnam retail banking and consumer credit card businesses to United Overseas Bank Limited (UOB), which includes the transfer of approximately 575 staff.
petrol retailers rue continuing hardship

Petrol retailers rue continuing hardship

Petrol retail enterprises have struggled to keep their operations profitable as disruptions in the supply chain continue to persist.
retailers enter the ai game to improve customer services

Retailers enter the AI game to improve customer services

After fintech and technology, the retail sector is seemingly joining the race to utilise AI race after a number of businesses announced plans to develop and integrate this technology into their operating models.
japanese investors favour non manufacturing sectors

Japanese investors favour non-manufacturing sectors

While concerning cost risks increase for businesses, more Japanese companies are looking to expand in Vietnam in non-manufacturing sectors like education, healthcare, retail, property, and finance to tap into growing demands there.
adjusting the direction of retail strategies

Adjusting the direction of retail strategies

Consumer shopping behaviour has changed since the pandemic, prompting major retailers to align their business strategies to be consistent with the changing situation.
the sweet shopping experience

The sweet shopping experience

While housing sales are declining, shopping malls are becoming increasingly crowded. Developers are ramping up the expansion due to the rising demand for retail and office spaces.