japanese invested con cung retail store chain fined for violations

Japanese-invested Con Cung retail store chain fined for violations

Con Cung JSC, the well-known mum and baby retail store chain has been fined for VND25 million ($1,086) for departing from its promotional programme plans submitted to the authorities.
britains biggest retailer tesco set to axe up to 9000 jobs

Britain's biggest retailer Tesco set to axe up to 9,000 jobs

Britain's biggest retailer, supermarket group Tesco, said on Monday (Jan 28) that it planned to axe up to 9,000 jobs under the next stage of a vast restructuring programme, as it continues to come up against increasing competition from German discount retailers Aldi and Lidl.
retail firms boost sales to compete

Retail firms boost sales to compete

The billion-dollar retail industry is attractive to many businesses but the industry also presents a fierce competition playground.
e commerce more than just cosmetics

E-commerce more than just cosmetics

The landscape of the modern health and beauty retail scene has become more exciting with the entrance of Watsons. As modern retail chains expand and e-commerce begins to shift into a higher gear, retailers in the health and beauty sector should embrace an omnichannel retail strategy to create a seamless experience for customers. Thanh Van reports.
police bust australia china baby formula crime ring

Police bust Australia-China baby formula crime ring

Six people have been charged after Australian authorities uncovered a multi-million-dollar crime syndicate stealing baby formula and vitamins from major retailers across Sydney for shipment to China, police said Monday (Jan 21).
watsons launches the first store in vietnam

Watsons launches the first store in Vietnam

Watsons, the leading health and beauty brand in Asia and Eastern Europe, is opening its first store at Ho Chi Minh City's Bitexco Tower on January 17, marking its official entry to the Vietnamese market.
test kitchen vietnam 2019 bring back japanese cuisine to hanoi

Test Kitchen Vietnam 2019 bring back Japanese cuisine to Hanoi

With the aim of promoting Japanese gastronomy, the Japan External Trade Organisation (JETRO) has organised the Japan Food Festival where visitors can taste original Japanese dishes at the Test Kitchen Vietnam 2019 during January10-20 at AEON Mall Long Bien.
retailers take to ma to get the upper hand

Retailers take to M&A to get the upper hand

Mergers and acquisitions (M&A) in the retail and consumer market maintained its pace in 2018 with more deals clinched. Not only did foreign retail giants use M&A to enter Vietnam, local businesses are also on the offensive to regain some ground. Thu Van reports.
banks brace for tough year as basel ii looms

Banks brace for tough year as Basel II looms

Banks in Vietnam are expecting a tough year ahead as Basel II looms near and retail profits tighten. 
the fantastic four japanese retailers in vietnam

The “fantastic four” Japanese retailers in Vietnam

Japanese retailers AEON, Takashimaya, 7-Eleven, and FujiMart will create new consumer habits instead of buying and hunting for sales like Big C and Metro Cash & Carry did 10 years ago.
lenders upgrade with digitalisation

Lenders upgrade with digitalisation

The face of retail banking in Vietnam is changing due to digitalisation, prompting banks to restructure themselves in a way to meet the demands of customers and bringing the payment experience to a whole new level with their virtual facilities.
retail sales rise on strong domestic demand

Retail sales rise on strong domestic demand

Total retail sales of goods and services in Vietnam reached nearly VND4.4 quadrillion (US$191 billion) in 2018, representing a rise of 11.7 per cent against the previous year, according to the General Statistics Office (GSO).
standard chartered leads in innovations in financial sector

Standard Chartered leads in innovations in financial sector

Standard Chartered is continuing ­efforts to strengthen its footprint through investment in the retail ­business and the introduction of ­cutting-edge products, as it endeavours to be an important part of Vietnamese banking and finance in the years ahead.
117 vinmart stores to be launched per day

117 VinMart+ stores to be launched per day

Vingroup expectes to open additional 117 VinMart+ convenience stores in the last day of 2018, further surpassing other competitors in retail segment. 
wall street roars back to life in best session in nine years

Wall Street roars back to life in best session in nine years

Wall Street stocks shook off four straight routs following strong retail sales data and White House reassurances that Fed Chair Jay Powell won't be fired.