banks boost retail lending for solar energy

Banks boost retail lending for solar energy

Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives.
visa helps prevent nearly 25 billion in fraud using ai

Visa helps prevent nearly $25 billion in fraud using AI

As the world leader in digital payments, Visa has just announced new analysis showing that Visa Advanced Authorisation, a comprehensive risk management tool using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud, making the global payment ecosystem safer for retailers and consumers.
aeon to develop 280 million shopping mall in hanoi

AEON to develop $280 million shopping mall in Hanoi

AEON Co., Ltd. plans to develop another shopping mall in Hanoi with the total investment capital of $280 million, increasing the total number of its malls in Hanoi to three.
next steps for the consumer market

Next steps for the consumer market

Consumer spending is set to soar on the back of the country’s booming economy, which continues to grow at a speedy pace. An Hodgson, head of Income and Expenditure Research at global business intelligence provider and leading market analysts Euromonitor  International, explores  the opportunities that both retailers and consumer-focused businesses in Vietnam have to offer.
new faces and flavours intensify ice cream competition

New faces and flavours intensify ice cream competition

Not much after going on sale in Taiwan, brown sugar bubble ice cream has been selling through online shops in Vietnam since May. Demand is so high that vendors are usually sold out even with the price of VND50,000-60,000 ($2.2-2.6) per ice cream bar.
tech mistake leads to stellar shipping fees on lazada

Tech mistake leads to stellar shipping fees on Lazada

Due to a mistake of Lazada's system, the platform charged VND8.2 million ($359) for shipping an order of VND125,000 ($5.4).
johnsonville looks for meat processing firms in asia and vietnam

Johnsonville looks for meat processing firms in Asia and Vietnam

Johnsonville, the leading United States-based sausage provider, is looking for processing firms in Asia to grow its presence in the international market. The firm is receptive to forming joint-ventures, acquisition or seller approaches, said managing director Arun Khanna.
vietnam the rising star

Vietnam: the rising star

Reading through the history of Vietnam gives one enormous respect for its people’s resilience. The recent decades of peace and prosperity have brought out another one of their great qualities: business acumen, as XAct Solutions principal Byron Patching writes.
bellavita luxury a bouquet of exquisite furniture to blossom in hanoi

Bellavita Luxury: a bouquet of exquisite furniture to blossom in Hanoi

AKA Furniture Group, the largest furniture retailer in Vietnam with 30 showrooms across the country, announced on June 14 the grand-opening of its most prestigious furniture centre – Bellavita Luxury – showcasing state-of-the-art furniture collections from leading European brands.
amazon dethrones google as top global brand survey

Amazon dethrones Google as top global brand: Survey

US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world's most valuable brand, a key survey showed Tuesday (Jun 11).
convenience retail channel hits record growth rates

Convenience retail channel hits record growth rates

As consumer demand for convenience soars across Southeast Asia, convenience retail channels are experiencing record growth rates and higher rates than any other retail channel, according to a new study by global measurement company, Nielsen.
players mull over pharma retail

Players mull over pharma retail

Vietnam’s retail pharmacy market has increasingly caught the eyes of investors eager to capitalise on the lucrative and modern channel.
touting ai as retail bankings future

Touting AI as retail banking’s future

More than 100 senior leaders and ­experts from Vietnam’s leading ­financial institutions last week took part in a seminar on Artificial Intelligence application in Vietnamese retail banking in Hanoi, organised by ­Trusting Social and the Vietnam Banks Association.
uma changes its brand name to baya from june 1

UMA changes its brand name to BAYA from June 1

After 12 years of development, UMA changed its brand name to BAYA starting June 1, continuing its mission to “Turn your house into a home”. The change will not impact on any of the company's current policies.
total retail sales reach 85 billion usd in five months

Total retail sales reach 85 billion USD in five months

Vietnam’s total retail sales of goods and services in the first five months of 2019 increased 11.6 percent year-on-year to 19.8 quadrillion (almost 85 billion USD), according to the General Statistics Office (GSO).