Digital transformation facilitates retail growth Business

Digital transformation facilitates retail growth

According to General Statistic Office, in the first six months of 2021, total retail sales of goods and services went up 4.9 percent compared to the same period in 2020 to 2,463.8 trillion VND (over 107 billion USD), of which goods retail revenue hit 1,985.4 trillion VND, up 6.2 percent.
ADB helps boost Vietnam’s private sector development Business

ADB helps boost Vietnam’s private sector development

The Asian Development Bank (ADB) has approved a 4.6 million USD technical assistance to help the Vietnamese Government to strengthen public-private partnership (PPP), private sector development, and state-owned enterprise (SOE) reform.
 Singapore sees surge in May retail revenue World

Singapore sees surge in May retail revenue

Singapore's retail sales surged 79.7 percent year-on-year in May from 54 percent year-on-year increase recorded in April, according to the Department of Statistics (DOS).
Ho Chi Minh City’s retail revenue down in June Business

Ho Chi Minh City’s retail revenue down in June

The total retail sales of goods and consumer services in Ho Chi Minh City in June was estimated at over 81.4 trillion VND (3.53 billion USD), down nearly 8 percent month-on-month and 5.1 percent year-on-year, reported the municipal Statistics Office.
HCM City: IIP advances 5.9 percent in H1 Business

HCM City: IIP advances 5.9 percent in H1

Ho Chi Minh City’s Index of Industrial Production (IIP) advanced 5.9 percent year-on-year in the first half of 2021, though new COVID-19 outbreaks are ravaging the country’s southern economic hub, causing the index to shrink 5.3 percent month-on-month in June.
Vietnamese lychees win favour in Japan Politics

Vietnamese lychees win favour in Japan

The initial batches of Vietnamese “thieu” lychees were shipped to Japan at the end of May under a contract signed between Japan’s Sunrise Farm and the Ameii Vietnam JSC. The lychees have been warmly received by Japanese consumers thanks to their rich aroma and sweetness as well as quality described as “top class”.
Record growth of stock market explained Business

Record growth of stock market explained

The stock market of Vietnam has fluctuated in line with others around the world since the beginning of 2021, when the markets of the US, the UK, Thailand, and the Republic of Korea, among others have posted growth of over 10 percent.
Decree to tighten multi-level marketing rules Business

Decree to tighten multi-level marketing rules

In the future, foreign investors who wish to register for multi-level marketing (MLM) activities in Vietnam may need three consecutive years of experience in multi-level marketing in another country.