international trio invests in vietnams hdbank to help accelerate economic recovery

International trio invests in Vietnam’s HDBank to help accelerate economic recovery

As Vietnam accelerates economic recovery, IFC, LeapFrog Investments, and DEG – Deutsche Investitions- und Entwicklungsgesellschaft – have invested $165 million in convertible Tier 2 bonds issued by the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), a leading Vietnamese private retail and SME bank.
domestic support for agri exports

Domestic support for agri-exports

The participation of supermarkets and retail businesses in Vietnam to support the consumption of agricultural products that cannot be exported is helping to create a more abundant supply with Lunar New Year approaching.
electricity market revamp on cards

Electricity market revamp on cards

A retail electricity market would mark a step towards market liberalisation efforts that enable consumers to choose who they wish to buy electricity from. To realise such a market, Vietnam’s Law on Electricity, as well as related documents will require certain adjustments to accommodate purchase agreements and other tools.
quadria capital invests 90 million into vietnams mom and baby retailer con cung

Quadria Capital invests $90 million into Vietnam's mom and baby retailer Con Cung

Con Cung, a Vietnamese retail chain for maternity and baby-care products, will use the fresh funds to expand its local footprint and develop a super app for millions of Vietnamese mothers.
foreign investors upbeat about the outlook of the crownx

Foreign investors upbeat about the outlook of The CrownX

A series of major financial institutions in the world have just raised the valuation of Masan's stocks. This is attributable to the bright prospect of The CrownX (TCX) to become the leading consumer platform in Southeast Asia, after securing investment from e-commerce giant Alibaba and a partnership agreement with Lazada.
wincommerce introduces winmart with new name and strategy

WinCommerce introduces WinMart with new name and strategy

WinCommerce, a member of Masan Group, has officially changed the brand name of VinMart retail system into WinMart.
citi agrees to sell consumer segment in the region to uob group

Citi agrees to sell consumer segment in the region to UOB Group

The transaction includes Citi's retail banking and credit card businesses but excludes the bank’s institutional businesses in four countries. Citi remains committed and focused on serving institutional clients in these countries locally, regionally, and globally.
mini malls usher in fresh direction for retail groups

Mini-malls usher in fresh direction for retail groups

Shopping for food, carrying out financial transactions, and enjoying drinks in the same place is no longer a distant desire for Vietnamese consumers thanks to the appearance of mini-mall chains, a business model that is receiving special attention from retail brands.
media exhibition raises awareness on reducing plastic waste

Media exhibition raises awareness on reducing plastic waste

To further combat the vast amount of plastic waste that Vietnam is dealing with, a group of national and overseas organisations has launched a media exhibition as a crucial cornerstone of its combined communication campaign to raise awareness and move customers and businesses alike to reduce plastic waste and use eco-friendly alternatives.
retailers brace for upcoming peak seasons

Retailers brace for upcoming peak seasons

Many retailers are preparing for the year-end peak season to fulfil customers’ increased shopping needs during the New Year and Lunar New Year holidays, with the expectation of regaining growth momentum after a long time of stagnation.
lenders get trendy to lap up increasing youth slice

Lenders get trendy to lap up increasing youth slice

Banks are responding to the challenge of engaging young retail customers with a wide set of inventive new products, as the retail loan segment is widely viewed as the primary driver setting the tone for the whole financial system in Vietnam.
wincommerce launches first franchised winmart outlets

WinCommerce launches first franchised WinMart+ outlets

WinCommerce General Commercial Services JSC, a member of Masan Group has opened the first two franchised WinMart+ stores in Hanoi and Bac Giang. The opening marks an important milestone in Masan Group’s goal to develop 20,000 franchised stores and 10,000 its own outlets to serve 30-50 million consumers by 2025.
netstars vietnam partners with m service to promote non cash payment for teteshop users

Netstars Vietnam partners with M-service to promote non-cash payment for TeteShop users

Netstars Vietnam Co., Ltd., a member of multinational fintech startup Netstars, signed a collaboration agreement with Mobile Online Services JSC (M service) in early December 2021.
digital transformation retail industry catches the rebound of new normal

Digital transformation: Retail industry catches the rebound of new normal

In recent years, Vietnamese corporations and businesses are becoming one of the strategic customers of Hitachi Vantara Vietnam (HVN). Specifically, HVN total revenue for the Vietnam market in 2021 has increased to 17 per cent from 13 per cent of 2019
online payments via e wallets on the rise

Online payments via e-wallets on the rise

Gaining momentum through four social distancing periods, e-wallet payments, along with e-commerce continue to thrive in the new normal.