market slumps on retail stocks

Market slumps on retail stocks

The market retreated to close lower on Monday, underlying a strong bearish sentiment.
petrol retailers demand major changes

Petrol retailers demand major changes

Retail petroleum businesses have asked to stop contributing to the petrol price stabilisation fund, increasing the commission to reduce losses and permanently withdrawing the licence of unprofitable retailers.
domestic retail sector presenting bright picture

Domestic retail sector presenting bright picture

The consequences of the pandemic seem to no longer haunt the domestic retail industry, as sales of consumer goods and services continuously record stellar growth.
behind the 455 million valuation of phuc long

Behind the $455 million valuation of Phuc Long

With the synergy of resources from Masan’s consumer-retail ecosystem, Phuc Long has quickly scaled up its operation in terms of revenue, stores, and enterprise valuation.
mwg to sell 20 per cent stake in grocery chain bach hoa xanh

MWG to sell 20 per cent stake in grocery chain Bach Hoa Xanh

Vietnam’s major retail Mobile World Group (MWG) is reportedly considering a 20 per cent stake sale in its Bach Hoa Xanh grocery chain.
acquisitions fuelling buy now pay later trends

Acquisitions fuelling buy now, pay later trends

Buy now, pay later is often an interest-free way for consumers to defer payments on purchases. For retailers that subsidise the offering, it is a way to encourage conversion and higher average ticket sizes.
local retail market share battle heats up

Local retail market share battle heats up

The rapid expansion and domination of foreign brands in the Vietnamese retail market are acting as a driving force for domestic retailers to implement restructuring and expansion strategies to regain market share.
retailers jostle for superiority

Retailers jostle for superiority

The boom of e-commerce in the rental market space in commercial centres has forced developers to assert their distinct identities.
techcombank shining at abf retail banking awards 2022

Techcombank shining at ABF Retail Banking Awards 2022

Hanoi-based lender Techcombank has won two awards at the 2022 Asian Banking & Finance (ABF) Retail Banking Awards, taking home the prizes for Domestic Bank of the Year Vietnam and Credit Card Initiative of the Year Vietnam.
moit urged to reconsider retail restrictions proposal

MoIT urged to reconsider retail restrictions proposal

Unclear regulations in a draft proposal from the Ministry of Industry and Trade, on the classification and management of certain types of retail, could complicate the operations of local businesses and affect profits.
mm mega market vietnam championed for green leadership

MM Mega Market Vietnam championed for Green Leadership

Thai-backed retailer MM Mega Market Vietnam (MM) was honoured as one of the top Asian enterprises to receive the 2022 Asia Responsible Enterprise Award (AREA 2022) for Green Leadership at the virtual awards ceremony held by Enterprise Asia on July 21.
hm to wind down operations in russia

H&M to wind down operations in Russia

Swedish fashion retailer H&M said on Monday it had decided to wind down operations in Russia, after pausing all sales there in March following Moscow's invasion of Ukraine.
wincommerce to open 720 more winmart winmart stores

WinCommerce to open 720 more WinMart, WinMart+ stores

WinCommerce, the retail arm of Masan Group, which operates WinMart/WinMart+ supermarkets and minimarts, has planned to open over 700 new WinMart+ stores and more than 20 WinMart supermarkets and hypermarkets in the remaining months of 2022.
central retail to pour almost 900 million into vietnam

Central Retail to pour almost $900 million into Vietnam

Over the next five years, Central Retail will invest $870 million in Vietnam to drive itself forward as the leading omnichannel retailer in food and property.
pharmacity champions at retail asia awards 2022

Pharmacity champions at Retail Asia Awards 2022

Major retail pharmacy chain Pharmacity has been named the Drugstore of the Year Vietnam and Health & Beauty Retailer of the Year Vietnam at the Retail Asia Awards 2022.