japan retailer nojima enters local electronics market

Japan retailer Nojima enters local electronics market

Nojima, one of Japan’s leading electronics retailers, has entered the local electronics market after acquiring last week a 10% stake in Tran Anh Digital World Co., a deal that further proves the significance of the local electronics retail market.
rivals prep for mcdonalds arrival

Rivals prep for McDonald’s arrival

The presence of McDonald’s, the world largest food service retailer, could force other key players in Vietnam’s fast-food market to restructure.
free atm cash withdrawals help anz expand retail segment

Free ATM cash withdrawals help ANZ expand retail segment

While many local banks are charging cardholders ATM cash withdrawals, ANZ Vietnam offers free withdrawal service for its Visa debit cards. This will benefit both customers and the bank in long term, Duong Duc Hung, head of retail banking at ANZ Vietnam, tells VIR’s Ngoc Linh.
firms outcry over price power hikes

Firms outcry over price power hikes

Domestic steel and cement makers are calling for fair treatment in retail power pricing scheme.
lotte mart in landmark move to the capital

Lotte Mart in landmark move to the capital

South Korean retailer Lotte Mart has pushed back the date of its first Hanoi-based supermarket to 2014’s first quarter.
saigon coop celebrates family day

Saigon Co.op celebrates family day

Retailer Vietnam’s Saigon Co.op marked Vietnamese Family Day and International Co-operative Day with attractive promotion programmes.
local firms are weary of foreign investment

Local firms are weary of foreign investment

The jury is out on whether new regulations will get the retail market moving.
retail petrol price increases tonight

Retail petrol price increases tonight

The retail price of petrol in Vietnam is to slightly go up a maximum of 426 dongs ($1 = VND20,800) a liter as of 8:00pm today, according to a decision approved by the Ministry of Finance.
anz to reshape saving mindsets

ANZ to reshape saving mindsets

Retail investment banking has yet to find a home in Vietnam. But with other investment channels like real estate, gold and stock markets are ailing, ANZ has a chance to introduce more investment products into the country. Sanjoy Sen, managing director of ANZ’s Retail Banking Asia Pacific, puts VIR’s Ngoc Linh in the picture.
fuel traders petition ministry for another petrol price hike

Fuel traders petition ministry for another petrol price hike

Domestic petroleum wholesalers have lobbied the Finance Ministry to approve an increase in retail prices, claiming they have taken losses despite the recent falls in the world fuel price.
warburg pincus consortium to invest 200 million in vincom retail

Warburg Pincus Consortium to invest $200 million in Vincom Retail

A consortium led by an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing, will invest $200 million in Vingroup’s retail property business, a subsidiary of Vingroup- Vietnam’s largest private-sector real estate operator.
wal mart fined 110m over hazardous waste

Wal-Mart fined $110m over hazardous waste

Wal-Mart was hit with US$110 million in US federal and state fines Tuesday after pleading guilty to criminal charges of mishandling hazardous waste and pesticides at its retail stores.
duo hope to take retail market by storm

Duo hope to take retail market by storm

Singaporean retailer NTUC FairPrice and Vietnam’s Saigon Co.op have got the thumbs up to build two supermarket chains, Co.opXtra and Co.opXtraPlus. Dinh Thi My Loan, general secretary of Association of Vietnam Retailers (AVR), tell VIR what the likely impact will be on the retail and distribution market.
lack of retailers buy in

Lack of retailers’ buy-in

Dark clouds of uncertainty still linger over the opening of Vietnam’s retail and distribution markets to foreign firms.
eastside story a new hanoi grows across the red river

Eastside Story: a new Hanoi grows across the Red River

The arrival of Japan’s leading retail developer, Aeon, with a $200 million retail centre in Long Bien district will be a fresh example of the emergence of eastern Hanoi across the Red River.