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From retail to finance, Vietnam all set to rebound with poise
08-06-2020 09:54
Vietnam’s early efforts to weather the COVID-19 storm have helped its economy to reopen much sooner than others, with many sectors that have suffered badly from the outbreak – from retail to finance –now recovering with poise.
Pandemic shock therapy turns retailers towards omnichannel
06-06-2020 10:00
The coronavirus pandemic has changed consumer shopping behaviour, prompting retailers to embrace online commerce to keep up with new trends.
Big C Mien Dong to close due to high rent
03-06-2020 18:45
Out of the blue, Big C Mien Dong supermarket (in Ho Chi Minh City’s District 10) announced closing in 20 days due to a disagreement on rent after the global health crisis.
Online solutions providers gain traction in surging online market
03-06-2020 13:57
With e-commerce surging during the COVID-19 pandemic owing to changing consumer shopping behaviour, solution providers like Sapo and EcomEasy have been making tremendous gains as online shopping rises.
Silver lining to doom and gloom over bankruptcy of JCPenney
02-06-2020 10:00
Amazon’s interest in purchasing bankrupt US retailer JCPenney may possibly give some relief to Vietnamese-based apparel exporters to cushion cancelled orders from the latter.
Vietnam’s retail sales down in five months
02-06-2020 09:55
Total revenue of retail trade and services reached more than 1.91 quadrillion VND (82.36 billion USD) in the first five months of this year, down 4 percent year-on-year, a report from the General Statistics Office (GSO) showed.
Facebook enters e-commerce due to COVID-19-induced plunge in revenue?
01-06-2020 14:46
Lower advertising revenue during the COVID-19 could be the main reason behind Facebook encroaching on the e-commerce sector.
Tiki hard-pressed to whip up new investment
27-05-2020 11:51
Tiki's merger with Sendo and designs to list on the local stock exchange could be solutions to increasing difficulties in mobilising investment to carry on the war of attrition in e-commerce.
Central Group slows down performance in Vietnam
26-05-2020 16:15
Thailand-based Central Group made it among the top 10 retail companies in Vietnam by Euromonitor International, while locally-invested groups like Vingroup, FPT, Pico, and Phu Nhuan Jewelry all reported increasing performance.
Mobile World reports 45 per cent plunge in after-tax profit
26-05-2020 11:57
The closing of hundreds of Mobile World stores across the country during COVID-19 has made the electronics retailer's after-tax profit drop by 45 per cent in April.
Citi supports clients in Vietnam through coronavirus burdens
25-05-2020 09:00
Citi Vietnam has launched a series of measures to offer assistance to retail and institutional customers during and after weeks of social distancing.
Tiki and Sendo reach merger deal
23-05-2020 20:16
After being in merger talks for nearly a year, Tiki and Sendo have finally reached an agreement to join forces to beat overseas e-commerce platforms Lazada and Shopee.
Vietnam’s textile and garment companies suffer from JCPenney bankruptcy
23-05-2020 20:14
Once JCPenney files for bankruptcy, hundreds of textile and garment stores, including those in Vietnam, will have to cease and desist orders.
Stores and shops succumb to pandemic in droves
23-05-2020 20:12
While most stores have reopened after the health crisis, some of them have gone out of business while others had to downsize their chains.
Telecom industry expects high growth in next 5 years
22-05-2020 16:34
Five sectors of telecoms, information and technology, clean agriculture, clean technologies, retail, health care and pharmaceuticals have potential for high growth in the next three years.
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