digital forays headline 2024 retail sector

Digital forays headline 2024 retail sector

Vietnam’s retail sector is poised for a diverse recovery in 2024, driven by shifts towards essential goods, health products, and digital transformation.
fpt long chau and ihh healthcare singapore enter partnership

FPT Long Chau and IHH Healthcare Singapore enter partnership

FPT Long Chau and top private healthcare provider IHH Healthcare Singapore signed a cooperation agreement on January 29 to enhance the quality of high-tech medical treatment available in Vietnam.
japanese retail businesses want to expand in vietnam

Japanese retail businesses want to expand in Vietnam

100 per cent of Japanese retail businesses in Vietnam have expansion plans, according to a Survey on the Status of Japanese Enterprises Investing Abroad in the fiscal year 2023.
asean could gain from singaporean retail advances

ASEAN could gain from Singaporean retail advances

The retail outlook for ASEAN and Singapore in particular is optimistic for this year, with possible benefits for the region’s retail property sector as companies springboard beyond the city-state.
many retailers are offering big lunar new year discounts

Many retailers are offering big Lunar New Year discounts

A source from southern food maker Vissan JSC revealed that the company has purchased food stock valued at $22.7 million to feed consumers during the Lunar New Year festivities, including nearly 1,100 tonnes of fresh food and 3,800 tonnes of processed food, similar to the volume sold last year.
singapore deploys ai robots for retail

Singapore deploys AI robots for retail

Hive 2.0, a high-tech retail innovation hub has been launched at Esplanade Xchange underground mall in Singapore.
traditional retailers buckle under strain

Traditional retailers buckle under strain

The rapid development of e-commerce is causing a series of commercial townhouses to close down, while shopping centres still have a stable number of customers due to positive online sales channels and sharing turnover methods.
retail property market vibrant amid regional backdrop

Retail property market vibrant amid regional backdrop

Last year, retail sales of consumer goods and services were estimated to have increased by 9.6 per cent on-year in Vietnam, 7.1 per cent if excluding the price factor. This is around half of the 2022 figures.
2024 may see recovery for tech retail

2024 may see recovery for tech retail

The arrival of 2024 has prompted investors to explore fresh narratives for the new financial year, and while the tech retail sector has yet to announce its final quarter results from last year, expectations are of a minor improvement following a decline in profits.
siba food and fpt is implement rise with sap solution to standardise business operations

Siba Food and FPT IS implement Rise with SAP solution to standardise business operations

At a ceremony on January 10 in Ho Chi Minh City, Siba Food and FPT Information System Corporation (FPT IS) announced the successful operation of SAP S/4HANA, a system in the preliminary processing, mixing and retail industry helping to tackle specific operational problems for food retail businesses.
gs25 posts rapid growth in vietnams retail market

GS25 posts rapid growth in Vietnam's retail market

South Korea's GS Retail, under GS Group, has secured a stronger footprint in Vietnam in recent years by ramping up the expansion of the GS25 convenience store chain.
momentum created for retail market

Momentum created for retail market

Retail businesses are still optimistic about their prospects, with the sector predicted to reach a growth rate of nearly 130 per cent in 2024.
malaysia applies tax on imported goods bought online

Malaysia applies tax on imported goods bought online

Online retail companies in Malaysia have started collecting low-value goods (LVG) taxes on imported goods below 500 RM (108.64 USD).
hsbc france retail bank sold to us fund cerberus

HSBC France retail bank sold to US fund Cerberus

After more than two years HSBC transferred on Monday for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus.
fluctuations felt in pharma retail sphere

Fluctuations felt in pharma retail sphere

The race in Vietnam’s pharmaceutical retail industry is becoming a tough arena for major players.