parkson closes fourth retail store in vietnam

Parkson closes fourth retail store in Vietnam

The Vietnamese unit of Parkson Holding Berhad, the retail arm of Malaysian conglomerate Lion Group, will officially close Parkson Flemington, its second store in Ho Chi Minh City after eight years of operation due to massive operating losses.
fmcg forecasted to grow fast during lunar new year festivities

FMCG forecasted to grow fast during Lunar New Year festivities

The increasing demand for consumer goods and evolving distribution systems enable the fast moving consumer goods (FMCG) to become the fastest-growing segment in Vietnam.
e commerce market had eventful year with b2c turnover of us 6 billion

E-commerce market had eventful year with B2C turnover of US$6 billion

Foreign e-commerce retailers are dominating Vietnamese firms through ad campaigns, delivery services and money collection services.
traditional lunar new year shopping in southeast asia moves online

Traditional Lunar New Year shopping in Southeast Asia moves online

Criteo, a leader in commerce marketing, has just released seasonal data from 2017 in anticipation of the Lunar New Year to help retailers better engage shoppers during the festive season.
retail sales up 95 in january

Retail sales up 9.5% in January

Total revenue from retail trade and services reached VNĐ361 trillion (US$15.84 billion) in January, surging 3 per cent over December and 9.5 per cent over the same month last year.
digiworld bets big on consumer goods and healthcare

Digiworld bets big on consumer goods and healthcare

Electronics retailer Digiworld maps out its road to conquer Vietnam’s consumer goods market this year.
foreign firms buy into online retail

Foreign firms buy into online retail

Foreign companies are increasingly jockeying for position in Vietnam’s promising online retail market by pouring capital into local companies.
modern retail has widened its range

Modern retail has widened its range

Modern retail channels are taking off in Vietnam with the entry of newcomers and expansions by existing players.
banks expect higher profits from retail banking services

Banks expect higher profits from retail banking services

Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.
vietnam has potential to become the next bpo giant

Vietnam has potential to become the next BPO giant

Business process outsourcing (BPO) is believed to be one of the five sectors with the greatest potential for growth and investment in Vietnam in the near future, along with solar and wind energy, luxury hotels, modern agribusiness and food, and retail banking, according to PwC’s ‘Spotlight on Vietnam’ report released in October 2017.
gs retail to open 50 gs25 outlets in vietnam in 2018

GS Retail to open 50 GS25 outlets in Vietnam in 2018

GS25, South Korea’s No. 1 convenience store, will open 50 outlets in Vietnam this year, following the launch of its first store in Ho Chi Minh City on January 19.
matchmove targets vietnams 20 million uncarded smart phone users

MatchMove targets Vietnam’s 20 million uncarded smart phone users

MatchMove, Asia’s leading disruptive mobile/digital payments company, announced that it will be focusing its efforts to digitise payments across sectors like gaming, tourism, digital disbursement, retail, and e-commerce in Vietnam.
shop and store a new kind of event

‘Shop and Store’ a new kind of event

With its growth in urbanised population and domestic consumption, Vietnam is brimming with opportunities for franchises and retail businesses.
can tho retail revenue hits 100 trillion

Can Tho retail revenue hits 100 trillion

Can Tho’s revenue from retail sales and services reached VND106 trillion (US$4.7 billion), 10 per cent higher than 2016, according to Can Tho City’s Department of Industry and Trade.
shinhan bank ceo forecasts rise of retail banking

Shinhan Bank CEO forecasts rise of retail banking

Shinhan Bank Vietnam (Shinhan Bank) - one of the leading banks of South Korea, has officially took over the retail banking segment of the Australia and New Zealand Banking Group in Vietnam (ANZ Vietnam) to expand its payment services by utilising ANZ’s resources. Shin Dong Min, CEO of Shinhan Bank, addressed the acquisition of ANZ, the possible impacts of the transfer on ANZ’s existing customers, and personal opinion on the Vietnamese banking industry in 2017 and the time to come.