Retailers need support as EVFTA takes effect Business

Retailers need support as EVFTA takes effect

The opening of the domestic market as committed in the EU – Vietnam Free Trade Agreement (EVFTA) will lead to the strong penetration of foreign businesses to expand their retail chains in the country.
Vietnam’s retail market sees new trends Business

Vietnam’s retail market sees new trends

Future trends of the Vietnamese retail market, including the use of digital and AI, were discussed by more than 400 retail experts at a seminar organised in HCM City on February 28 by Vincom Retail Joint Stock Company.
Retailers urged to keep up with innovation trends Business

Retailers urged to keep up with innovation trends

The retail industry has changed dramatically in the digital age where everything is connected, requiring retailers to continue to innovate to better serve customers’ diverse needs, speakers have said at a one-day summit held in Ho Chi Minh City.
August retail sales in huge surge Business

August retail sales in huge surge

Vietnam’s total revenue from retail sales and services reached 2.58 quadrillion VND (114.7 billion USD) in the first eight months of this year, a year on year increase of 10.3 percent, reported the General Statistics Office (GSO).
Retail sales slow down over nine months Business

Retail sales slow down over nine months

The total revenue from retail trade and services topped 118.4 billion USD during the first nine months of this year, surging 9.5 percent year-on-year, according to the General Statistics Office (GSO).
Retailers ask government for incentives Business

Retailers ask government for incentives

The local retail community has asked the Government to develop policies to help the industry compete with foreign counterparts as a more liberal trade environment has intensified competition recently.
Space remains for local retailers in domestic market Business

Space remains for local retailers in domestic market

Vietnam’s retail market has recently witnessed the emergence of numerous foreign businesses as they make acquisitions and expand operations. While some fear the loss of Vietnamese brand names, others believe there is still substantial room for local firms to develop.
Business

Retail market needs right direction

The competition between modern and traditional business models has become more fierce and Vietnam’s retail market needs a long-term strategy in order to ensure sustainable development in the integration process, the Vietnam Economic News reported.