The Ministry of Small- and Medium-sized Enterprises and Startups (MSS) of the Republic of Korea on July 10 signed a tripartite memorandum of understanding with Lotte Mart and Lotte Global Logistics to support Korean SMEs to export products to Vietnam.
Retailers in Vietnam are increasing inventory and have launched promotions in anticipation of opportunities in the year-end shopping season, as there are just two months left until the Lunar New Year (Tet) – the biggest festival in a year of Vietnamese people.
The rise of local retailers via mergers and acquisitions is expected to balance Vietnam’s retail market, which had been dominated by foreign investors.
Vietnamese bananas have hit the shelves of Lotte Mart in the Republic of Korea (RoK) - the first time the fruit has been distributed in the country via a large supermarket chain.
Vietnamese bananas have hit the shelves of Lotte Mart in the Republic of Korea (RoK) - the first time the fruit has been distributed in the country via a large supermarket chain.
The Straits Times, an English-language daily newspaper based in Singapore, published an article on April 3 praising an eco-friendly campaign in Vietnam, which has seen local supermarkets using non-plastic products to wrap vegetables.
The Ministry of Industry and Trade has built a project promoting the engagement of Vietnamese enterprises in foreign distribution systems through 2020 given the modest proportion of the country’s direct exports to overseas markets.
The 2018 Vietnam International Premium Sourcing Fair (VIPREMIUM) and the 6th International Mother and Child Products Exhibition (VIETBABY 2018) were kicked off at the Saigon Exhibition and Convention Centre (SECC) in Ho Chi Minh City on May 31.
The RoK's distribution and food processing companies are shifting to Vietnam from China amid tougher business conditions and strained bilateral relations in the world's most populous market.
The purchasing power in Ho Chi Minh City increased by up to 40 percent during the National Day occasion as many families spent the three-day holiday at commercial centres.
Republic of Korea (RoK) retailer Lotte Mart has recently opened a shopping mall in Nha Trang city, the central coastal province of Khanh Hoa, its 13th in Vietnam.
The Republic of Korea (RoK)’s supermarket chain Lotte Mart Vietnam recently met with more than 100 suppliers in Khanh Hoa province to discuss buying their products.
The Republic of Korea’s (RoK) consumer goods firms are shifting their overseas focus to Vietnam, increasing investment and aggressively opening new branches, Yonhap news agency reported on May 2.
The HCM City Book Distribution JSC (Fahasa) opened its Fahasa Hanh Thong Tay Bookshop at the Lotte Mart Go Vap Business Centre in HCM City’s Go Vap District on April 28.
Farm produce exporters in Vietnam are being urged to study the Republic of Korea market thoroughly to gain a firm foothold, especially given the two countries recently signed a free trade agreement.
