Retailers expand despite fall in demand

Despite a decrease in consumption demands and retail turnover, domestic retailers are continuing to open more outlets in the capital with an eye on industry potential.

The Son Ha group, which specialises in stainless steel water tanks and construction, has recently opened its first store in the capital’s Ha Dong District.

The group said that it will open two more outlets in Cau Giay and Tu Liem in 2012. It has also targeted to open 20 supermarkets nationwide in the next five years.

Retail sales leap 6.5 percent in first half

Despite a decrease of 0.6 percent in June, the retail sales value of goods and services in the first half of the year surged 6.5 percent against the same period last year to 1,137 trillion VND (54.2 billion USD), according to the General Statistics Office (GSO).

However, the rise is lower than the 7-10 percent recorded in the same period in recent years.

Among the total, trade made up 880.7 trillion VND (41.93 billion USD), followed by the hotel-restaurant sector, which is worth 132.8 trillion VND(6.32 billion USD).

Local goods hit global grocery shelves

Global retailers operating in Vietnam, including Big C of France and Lotte Mart of the Republic of Korea, have increased the volume of Vietnamese products being shipped to their supermarket locations worldwide.

Garment makers conquer market

Many local fashion brands have taken back market share in the low and medium-cost segments that have formerly been dominated by Chinese-made products.

So-called fashion streets such as Le Van Si, Hai Ba Trung and Nguyen Dinh Chieu as well as shopping centres in HCM City have been crowded with many visitors.

Retailers urged to focus on domestic market

The Ministry of Industry and Trade has forecast that the nation will achieve a total retail value of goods and services this year of about 100 billion USD, despite global economic difficulties.

Vinatex goes public for cash

The Vietnam National Textile and Garment Group (Vinatex) would equitise its remaining affiliates and holding group this year in a bid to raise capital, expand scale and sharpen its competitive edge in the global market, said the group's deputy director general, Le Tien Truong.

HCM City polices market ahead of Tet holiday

HCM City has beefed up its surveillance of the consumer goods market ahead of Tet (Lunar New Year holiday), the year's busiest season, when price hikes occur and counterfeit products flood the market.

Japan eyes Vietnamese retail sector

With the recent strengthening of the yen against the dollar, Japanese enterprises are shifting their investment funds to the retail and distribution market in Vietnam .
VN’s retail market attractive to foreign businesses Business

VN’s retail market attractive to foreign businesses

E-Mart, a leading retailer in the Republic of Korea (RoK), has officially set foot in the Vietnamese market with a joint venture contract with the Binh Duong-based U&I Group to set up a supermarket chain with a total investment of over 1 billion USD.