vietnam market lures foreign banks

Vietnam market lures foreign banks

Making an entrance into the Vietnamese banking landscape as representative offices, then moving up the ladder to become branches and 100 per cent foreign-owned units when the right time came and regulations allowed, Japanese and Korean financial institutions are taking careful steps to strengthen their footholds in the country. Not only do they want to cater to their home-based institutional clients, but also to the 90 million possible retail customers living in Vietnam. Trang Nguyen reports.
ford vietnam celebrates best ever august sales

Ford Vietnam celebrates best-ever August sales

On September 8, Ford Vietnam announced its best-ever August performance with retail sales rising 57 per cent year-on-year to 2,123 vehicles, driven by strong demand across its whole line-up.
purchasing power decreases 03 in august

Purchasing power decreases 0.3% in August

The total national retail value of goods and services in August reached nearly VNĐ292.8 trillion (US$13 billion), with purchasing power declining 0.3 per cent against July.
coffee chains crushed in retail premise war

Coffee chains crushed in retail premise war

Rents of hundreds of millions of dong a month have forced many coffee chains to leave the market.  
saigon centre mall brings out the big guns

Saigon Centre mall brings out the big guns

On August 1, Keppel Land Limited opened its retail mall in Saigon Centre in Ho Chi Minh City, anchored by the country’s first Takashimaya department store.
nydc closes its last restaurant in vietnam

NYDC closes its last restaurant in Vietnam

According to Insider Retail, New York Dessert Coffee (NYDC) has closed all of its restaurants in Vietnam after many months of trying to continue to operate.
tcc group to boost vietnamese agri exports to thailand

TCC Group to boost Vietnamese agri-exports to Thailand

TCC Group, which completed the acquisition of Metro Cash & Carry Vietnam in January, recently brought 100 tonnes of Vietnamese dragon fruits to sell at Big C Thailand stores. Phidsanu Pongwatana, TCC Group’s head of Retail Business in Vietnam, talked to VIR’s Thu Ha the company’s short-term plans to boost the exportation of Vietnamese agriproducts.
questionable origins may spell doom for newcomer miniso

Questionable origins may spell doom for newcomer Miniso

Retailer Miniso could be off to a rocky start as Vietnamese consumers question the brand’s credibility.
toshiba introduces retail market loyalty programme management solutions to vietnam

Toshiba introduces retail market loyalty programme management solutions to Vietnam

Toshiba Corporation today announced the launch of its customer loyalty and reward management system in all 330 FPT shops operated by FPT, Vietnam’s leading ICT company.
japanese retailer miniso sets foot in vietnam

Japanese retailer Miniso sets foot in Vietnam

Japanese retailer Miniso is going to make its presence in Vietnam through franchising in August.
aec to do wonders to vietnamese property market

AEC to do wonders to Vietnamese property market

The key principles of the AEC  is to facilitate a single market and production base, the free movement of goods, services, investment, and ease the cross border flow of capital all of which bodes well for each sector of the real estate in Vietnam, such as retail, commercial, industrial, and hospitality.
vietnamese tax authorities looking to pin down elusive uber and big c

Vietnamese tax authorities looking to pin down elusive Uber and Big C

Vietnamese tax authorities are looking for a way to tax ride-sharing company Uber, while putting pressure on French and Thai retailers Groupe Casino and Central Group, the old and new owner of supermarket chain Big C Vietnam, to pay the tax incurred from the sale.
saigon coop to grow fatter in dong thap

Saigon Co.op to grow fatter in Dong Thap

Leading Vietnamese retailer Saigon Union of Trading Cooperatives, better known as Saigon Co.op, is planning to expand its operations in the Mekong Delta province of Dong Thap to capitalise on the growing local spending power.
companies should take advantage of vietnameses growing tendency to shop on mobile

Companies should take advantage of Vietnamese’s growing tendency to shop on mobile

Mobile e-commerce (m-commerce) is set to boom in Vietnam in the upcoming years and companies need to forge plans to cash in on the growing popularity of this retail channel.
nguyen kim ramps up community support

Nguyen Kim ramps up community support

Nguyen Kim Trading Company, a leading retailer in Vietnam, today announced the commencement of its “Appreciation Journey – Powering Tomorrow” community programme.