Manufacturers and retailers battling to stabilise product prices amid fuel hikes

Manufacturers and retailers battling to stabilise product prices amid fuel hikes

Businesses are scratching their heads over how to ensure freshly resumed production amid a series of obstructions, including hikes in prices of fuel, transportation, and input materials.
Retailers vexed with VAT implementation

Retailers vexed with VAT implementation

A newly-issued VAT reduction policy has received a positive response from both consumers and businesses, especially businesses in the retail sector – however, not all businesses have the resources available to immediately apply the new rate due to implementation obstacles.
Local retailers fortify market share at home

Local retailers fortify market share at home

As Hanoians were able to go out on the streets to get breakfast, a coffee, and enjoy the chilly early autumn air last week, the city’s retail market showed signs of improvement after a period of low growth in which the total retail sales of consumer goods and services in the first nine months of the year fell by 7.1 per cent over the same period in 2020.
Foreign retailers face uphill struggle

Foreign retailers face uphill struggle

Foreign retailers set to make a debut in Vietnam may find themselves in a harsh competitive landscape after the global health crisis.
Foreign retailers raise the local game

Foreign retailers raise the local game

Along with the impacts of the Comprehensive and Progressive Trans-Pacific Partnership, ­removing the requirement for an economic needs test will create more pressure on the domestic retail sector, and force local retailers to ­improve competitiveness to prevent being swallowed up by foreign players.
Retailers yet to break down door

Retailers yet to break down door

Despite its rich potential, Vietnam has largely failed to attract new foreign retailers since its door was fully opened in early 2009.