Vietnamplus

Many banks and finance companies have proactively adopted technologies to provide digital financial services, Nguyen Hoang Minh, a senior central bank official said.

Marketing strategies that include personalised customer experiences are essential to help companies survive in the highly competitive digital age, speakers said at an international summit in HCM City on December 4.

The recent emergence of e-commerce and online payments has posed a great challenge for traditional retail giants.

Most of the modern retailers from Indonesia, who are engaged in minimarkets and convenience stores, have expressed their interest in expanding business in Vietnam, according to Chairman of the Indonesian Retailers Association (Aprindo) Roy Nicholas Mandey.

There is growing awareness among people that businesses have responsibilities towards society and the environment, beyond just voluntary acts of kindness, said a UNDP representative.

E-commerce in Vietnam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues.

Vietnam’s retail market, one of the three most dynamic in Asia-Pacific, grows 12 percent annually, making it a new rich land for franchisers.

Vietnamese retail companies are in pole position to seize the lion’s share of the market, especially after some foreign businesses have left the country.

Vietnam could have Southeast Asian's third-largest e-commerce market by 2025.

The Vietnam Online Marketing Forum (VOMF) 2019 took place in Hanoi on August 14 under the themed “Personalised Experience”.

Building a positive company culture is not only building a business brand and a national image, but an effective bridge for local enterprises to sustain development and integrate successfully into the global economy.

Vietnam surpassed Indonesia to rank third in consumer confidence in the first quarter behind only the Philippines and India, according to the latest Conference Board Global Consumer Confidence Survey conducted in collaboration with global measurement company Nielsen.

Vietnam’s retail market will continue to grow strongly this year, with lots of opportunities to develop modern retail systems in rural areas, according to Phan Lan Chi, deputy director of supermarket chain Lan Chi Mart.

The Vietnamese cosmetics market has grown strongly in recent years given the rapid economic growth and large young population, the Vietnam Association of Essential Oils, Aromatherapy and Cosmetics has said.

With certain advantages, convenience stores have been an increasingly popular shopping destination for customers, and they have also become a choice for domestic retailers to compete with foreign rivals.

Along with developing the domestic market, the Vietnam Dairy Products Joint Stock Company (Vinamilk) has expanded the consumption of its products to other countries.

More and more banks have started offering free services to attract customers in a very competitive market.

Vietnam’s retail market has developed strongly in recent years, with a large amount of foreign investment poured into the market.

Vietnam ranked fourth in the world in its Consumer Confidence Index (CCI) of 122 percentage points (pp) in the final quarter of last year, according to the Conference Board Global Consumer Confidence Survey conducted in collaboration with Nielsen, a global measurement company.

Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, with nearly 80 percent of firms anticipating an annual industry growth rate of more than 10 percent.