vn retailers face pressure as foreign firms enter the market

VN retailers face pressure as foreign firms enter the market

Vietnamese businesses are seeing significant pressure after the Government started allowing foreign investors to open wholly-owned retail companies in January, said Nguyen Minh Phong of the Ha Noi Socio-Economic Development Research Institute.
tran anh to close 2 electronics supermarkets

Tran Anh to close 2 electronics supermarkets

Electronics retailer Tran Anh Digital World JSC said it will close its electronics supermarkets in Vincom's Times City and Royal City on February 24.
retailers holiday hopes up after busy six weeks

Retailers’ holiday hopes up after busy six weeks

A busy six weeks in the lead up to the Lunar New Year (TET) has buoyed retailers' hopes that the holiday shopping season will end strong after a solid start to overseas sales.
electronics firms face stiff competition

Electronics firms face stiff competition

The recent closure of a number of Topcare stores following a series of big-name shutdowns, was evidence of the fierce competition in the electronics retail market in Viet Nam.
vingroup builds hai phong complex

Vingroup builds Hai Phong complex

Vingroup Retail Co and Hai Phong Real Estate Development and Investment Co broke ground for a commercial complex in the northern port city of Hai Phong yesterday.
government caps retail petrol prices

Government caps retail petrol prices

The Ministries of Industries and Trade and Finance set new caps for retail petrol prices on February 5, urging domestic dealers to enforce them from 3pm onwards.
vietnams nguyen kim electronics chain to sell more products after thai deal

Vietnam’s Nguyen Kim electronics chain to sell more products after Thai deal

One of the largest electronics store chains in Vietnam will expand in the retail sector following a strategic partnership it entered last month with a Thai retail giant, which was only publicized on Monday.
aeon secures footing in vietnam

Aeon secures footing in Vietnam

Japan’s largest retailer Aeon, in addition to building its own stores in Hanoi, Ho Chi Minh City, and Binh Duong, has recently expanded its presence in the Vietnamese market through the acquisition of two local retailers.
purchasing power leaps before tet

Purchasing power leaps before Tet

The total retail sales and service revenue earned in the country in January this year was more than VND275.4 trillion (US$13 billion), data from the General Statistics Office (GSO) revealed.
aeon to team up with vietnamese retailers

Aeon to team up with Vietnamese retailers

Japanese retail giant Aeon has officially announced that it will team up with Vietnamese retailers Fivimart and Citimart, reportedVietnamplus.
nec vietnam launches new retail point of sale solution

NEC Vietnam launches new retail point-of-sale solution

NEC Vietnam, a leading infocommunications technology provider, today announced the launch of its latest retail point-of-sale (POS) terminal TWINPOS G5 52V1.
gasoline falls by another 10 uscent per litre in vietnam

Gasoline falls by another 10 UScent per litre in Vietnam

The Ministry of Industry and Trade and the Ministry of Finance today approved gasoline sellers in Vietnam to reduce the retail price by about VND2,000 (9.4 UScent) per litre according to thanhnien newswire.
dollar drops after weak us retail sales report

Dollar drops after weak US retail sales report

The dollar fell against major currencies on Wednesday (Jan 14) after a disappointing US retail sales report sparked concerns about the economy.
significant year for foreign retailers

Significant year for foreign retailers

Hoa Le, national head of retail services at Cushman and Wakefield Vietnam analyses Vietnam’s retail market from the perspective of international retailers as the country prepares for a significant year of policy changes.
shopping centres face challenges

Shopping centres face challenges

Despite being recognised as one of the best performing Vietnamese real estate market segments, retailers are still facing big challenges.