retail sales services earn 160b

Retail sales, services earn $160b

Total revenue from retail sales and services topped US$160 billion during the first 11 months of 2017, surging 10.7 per cent year-on-year, according to the General Statistics Office (GSO).
electricity price increases by 608 per cent from today

Electricity price increases by 6.08 per cent from today

The retail selling price of electricity officially increased by 6.08 per cent to VND1,720 per kWh, excluding value-added tax (VAT), from December 1.
local fmcg draws malaysian interest

Local FMCG draws Malaysian interest

Malaysian investors are keen on Vietnam’s fast-moving consumer goods segment, which enjoys significant growth in both online and offline retail.
electronic giants setting foot in pharmaceutical retail

Electronic giants setting foot in pharmaceutical retail

In order to set foot in the pharmaceutical retail market, Mobile World Group (MWG) has chosen Phuc An Khang as the first M&A target, DigiWorld (DGW) is determined to deliver functional foods with the first products of Kingsmen, and Nguyen Kim tried to rise its shareholding by 51.14 per cent to dominate Lam Dong Pharmacy (LDP).
bezos a us 100b man as amazon rises on cyber shopping

Bezos a US$100b man as Amazon rises on cyber shopping

SAN FRANCISCO: Amazon founder Jeff Bezos was a US$100-billion man on Monday (Nov 27) as the online retail colossus raked in cash from the holiday weekend's cyber shopping spree.
stripe internationals ambition to redraw vietnamese fashion map

Stripe International’s ambition to redraw Vietnamese fashion map

Japan-based fashion apparel retailer Stripe International Inc. remains hungry after acquiring NEM Fashion and is now planning to seize other apparel brands in Vietnam to expand faster.
ford vietnam records rising october sales despite incoming tax policy

Ford Vietnam records rising October sales despite incoming tax policy

Ford Vietnam announced October retail sales that rose marginally from the prior month to 2,282 vehicles, amidst a slowdown in industry sales as customers increasingly delay purchases ahead of the new tax policy slated for January.
vincom retail breaks records after two days of listing

Vincom Retail breaks records after two days of listing

On the second day of listing on the Ho Chi Minh City Stock Exchange (HoSE), Vincom Retail, under the ticker VRE, broke records in terms of transaction value and volume of shares bought in a single day.
vincom retail to reach 28 billion market cap

Vincom Retail to reach $2.8-billion market cap

On November 6, Vincom Retail, a subsidiary of Vingroup Corporation, launched the sale of 1.9 billion shares listed on the Ho Chi Minh City Stock Exchange (HOSE), becoming a billion-dollar enterprise with the market capitalisation of roughly $2.8 billion.
vn index up vincom retail debuts

VN-Index up, Vincom Retail debuts

Shares closed Monday’s trading on a positive note following last week’s gains thanks to expansion of large-cap stocks.
petrolimex prepared for intensified competition

Petrolimex prepared for intensified competition

Competition in the local retail petroleum market has stiffened with the involvement of foreign investors. Bui Ngoc Bao, chairman of Vietnam National Petroleum Group, discussed the firm’s plans to expand its future operations and undergo state stake divestments with VIR’s Bich Thuy.
retail modernisation and e commerce aiding fmcg

Retail modernisation and e-commerce aiding FMCG

Vietnam’s fast-moving consumer goods segment is gaining new momentum thanks to the expansion of modern retail and e-commerce.
retail sales and services reach almost 143 billion

Retail sales and services reach almost $143 billion

The total revenue from retail sales and services topped US$142.9 billion during the first 10 months of 2017, surging 10.7 per cent year-on-year, according to the General Statistics Office (GSO).
retail loan profits drive bank stocks

Retail loan profits drive bank stocks

Vietnamese lenders are heading towards high earnings in 2017 and 2018, resulting in a positive outlook for their stocks and capital raising plans. 
entry of foreign fuel a game changer

Entry of foreign fuel: a game changer?

Earlier this month Idemitsu Q8 Petroleum LLC opened its first retail outlet in Hà Nội’s Thăng Long Industrial Park, marking the first time a wholly foreign-owned company has entered the fuel retail sector.