mwg and tag opened doors for further ma

MWG and TAG opened doors for further M&A

Acquiring Tran Anh (TAG) is expected create additional diversity in the operations of Mobile World Group (MWG), while the M&A deal between the two largest local electronic retailers also opens expectations for further M&A deals among competitors in the sector.
lotte comes out with new retail model in vietnam

Lotte comes out with new retail model in Vietnam

South Korean conglomerate Lotte is expanding its retail footprint in Vietnam with supermarket chains, department stores, e-commerce, and most recently, duty free stores.
21st century retail gets local

21st century retail gets local

Increased consumption and consumer demand have in recent years made Vietnam a more desirable destination for several international retailers – one which is expected to see giant retailers embracing the omnichannel approach to retail in 2018.
retail sales and services reach almost 175 billion

Retail sales and services reach almost $175 billion

The total revenue from retail sales and services reached VND3.93 quadrillion (US$174.85 billion) in 2017, surging 10.9 per cent year-on-year, according to the General Statistics Office (GSO).
hcmc targets 10 growth in retail sales export revenue

HCMC targets 10% growth in retail sales, export revenue

The industry and trade sector in HCM City is targeting a growth rate of 8-8.5 per cent in the industrial production index (IPI) and 10 per cent growth in the total retail sales of goods and services for 2018, according to the HCM City Department of Industry and Trade.
gs retail picks ho chi minh city as first overseas target

GS Retail picks Ho Chi Minh City as first overseas target

GS Retail, South Korea’s biggest convenience store franchise, was reported by Korea Herald today as saying that it will open the first GS25 outlet in Ho Chi Minh City in mid-January 2018,.
vietnams top five ipos in 2017

Vietnam’s top five IPOs in 2017

The five enterprises having the most substantial contribution to augmenting the size of the Vietnamese stock market in 2017 are Vietnam Airlines, Vietjet Air, Petrolimex, VPBank, and Vincom Retail.
founder of south koreas lotte group given 4 years jail

Founder of South Korea's Lotte Group given 4 years' jail

SEOUL: The wheelchair-bound nonagenarian founder of South Korea's embattled Lotte retail conglomerate was convicted of embezzlement and breach of duty on Friday (Dec 22) and sentenced to four years in prison.
who will take control of billion dollar pharmaceutical market

Who will take control of billion-dollar pharmaceutical market?

With hefty experience in distribution and retail, Mobile World, FPT Retail, Digiworld, and Nguyen Kim have been entering pharmaceutical retail, but who will seize control?
south korea bans its banks from dealing in bitcoin

South Korea bans its banks from dealing in Bitcoin

SEOUL:  South Korea on Wednesday (Dec 13) banned its financial institutions from dealing in virtual currencies such as Bitcoin, as the cryptocurrency soars in a bubble fuelled by retail speculators, many of them from the country.
digital banking grows to support new customers

Digital banking grows to support new customers

Digitalisation in retail banking is becoming a vital trend for Vietnam’s banking sector, not only to meet bank customers’ – especially young customers’ – needs, but also to help the nation achieve its goal of creating a cashless economy. Trang Nguyen reports.
watchdog gives nod to mobile world tran anh ma

Watchdog gives nod to Mobile World-Tran Anh M&A

The Competition and Consumer Protection Department under the Ministry of Industry and Trade has given the go-ahead for the merger and acquisition (M&A) deal between the two largest local electronic retailers – The Gioi Di Dong (Mobile World) and Tran Anh Digital World.
power price hike will have minimal impact

Power price hike will have minimal impact

On December 1, the average electricity retail price officially increased 6.08 per cent, from VNĐ1,622 (7.1 US cents) to VNĐ1,720 per kWh to (7.6 cents). This marks the first adjustment in power prices for three years, but has raised concerns among many sections of society. Nguyễn Anh Tuấn, director of the Electricity Regulatory Authority of Việt Nam (ERAV) under the Ministry of Industry and Trade (MoIT), spoke to the media to clarify some of the issues.
vincom retail takes home best private equity deal in asia pacific award

Vincom Retail takes home Best Private Equity Deal in Asia-Pacific award

On November 30, Vincom Retail scored “The Best Private Equity Deal across the Asia-Pacific” award from FinanceAsia magazine due to its humongous initial public offering (IPO) raising a record $740 million in less than 30 days.
mcdonalds opens first restaurant in hanoi

McDonald’s opens first restaurant in Hanoi

This morning, the world’s leading food service retailer McDonald’s officially opened its first restaurant at 2 Hang Bai Street, Hanoi, marking its first foray into the northern market three years after opening its first restaurant in Ho Chi Minh City.