retail banking at the crossroads

Retail banking at the crossroads

Dr. Andreas Stoffers, a German retail banker with considerable experience in Vietnam’s banking sector, analyses the challenges and prospects for undertaking retail banking in Vietnam.
gm vietnam a year of change

GM Vietnam – a year of change

General Motors Vietnam (GMV) today shared its success over the past year, as it changed its name from VIDAMCO and made Chevrolet its retail brand.
lotte mart turns 100 pct foreign owned raises capital

Lotte Mart turns 100 pct foreign owned, raises capital

Lotte Mart, an affiliate of South Korea’s leading retailer Lotte Group, has got approval to become a 100% foreign-owned enterprise and increase its charter capital to expand business in the country, said the HCMC Department of Planning and Investment on Monday.
vingroup throws open doors to hanois mega mall

Vingroup throws open doors to Hanoi’s Mega Mall

Vingroup recently launched leasing campaign for Vincom Mega Mall Royal City in Hanoi, to become Vietnam’s retail business market leader with more than 1 million square metres of high-end space by floor space by 2015.
retail segment faces challenges

Retail segment faces challenges

Trading centres in Hanoi are struggling to retain tenants and shoppers who are tightening their purse strings in a difficult economic landscape.
big c is full of beans despite depressed retail market

Big C is full of beans despite depressed retail market

French-backed retailer Big C is looking to grab Vietnam despite a depressing retail market.
retail segment still developed despite of global economic downturn

Retail segment still developed despite of global economic downturn

Despite lack of global recovery downturn of economy, prime malls and shopping centre have generally been strong performers in term of tenant demand, sales and increased rental rates across all regions, according to a latest survey done by Cushman & Wakefield.
ministry maintains fuel prices cuts import taxes

Ministry maintains fuel prices, cuts import taxes

The fifth consecutive fuel price hike within two months, as feared by local consumers, has not occurred, at least for now, as the Ministry of Finance Tuesday ruled to keep fuel retail prices at the current rate, only slashing import duties for all commodities but gasoline instead.
firms propose sending fuel prices to record high

Firms propose sending fuel prices to record high

Four fuel wholesalers Monday submitted their proposals to the Ministry of Finance, seeking permission to hike fuel retail prices for the fifth consecutive time since July 2, with rates proposed to reach an all-time record high.
new japanese store in town

New Japanese store in town

Tokutokuya, a Japanese newcomer in the local retail industry, on Wednesday opened its first store at 206 Pasteur Street in HCMC’s District 3.
thai corporation eyes vietnams retail market

Thai corporation eyes Vietnam’s retail market

The Berli Jucker Corporation (BJC), a leading retailer of Thailand, is implementing new plans to penetrate Vietnam’s retail market, with a contract worth from 1 to 3 billion Baht (about 32 – $96 million), President of the BJC’s Management Board Aswin Techajaroenvikul said on August 29.
ministries ok 3rd fuel price hike in august

Ministries OK 3rd fuel price hike in August

The retail prices of gasoline and diesel oil/kerosene will go up by VND650-700 per liter and VND300-400 per liter from 7:00 pm today respectively, the third price increase this month, said state agencies and local petroleum wholesalers.
personal loans unlock credit freeze

Personal loans unlock credit freeze

This means that the market demand for accommodation is still good.- Duong Duc Hung, ANZ head of retail banking
the retail market needs to box clever

The retail market needs to box clever

With decreased or free rents, retailers can decrease their products’ prices. Customers will come with them and they will come with us.
lotte seeks to increase capital

Lotte seeks to increase capital

Supermarket chain operator Lotte Vietnam on Wednesday submitted a proposal to the HCMC government to raise its chartered capital by $55 million to expand its retail network in the country.