The top 10 most valuable brands in Vietnam 2020 are worth 8.1 billion USD, increasing by 17 percent from last year and accounting for 30 percent of the list’s total value, according to Forbes Vietnam magazine.
Retail outlets with plummeting revenues and shopping mall owners are among the many affected by COVID-19, and while many of the latter have begun offering support to the former to help soften the blow, there are many still struggling.
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.
Vietnam’s stock market capitalisation rose 13.5 percent against the end of last year, reaching a record high of 3.98 quadrillion VND (170.93 billion USD), according to the State Securities Commission (SSC).
The initial public offering of Vinhomes, the residential realty arm of property and retail giant Vingroup, in May 2018 has been honoured the best share issuance deal of the year in Asia and Vietnam by overseas media.
Foreign investment funds are interested in fields benefiting from the growing middle class in Vietnam with plans to make IPO in the areas of food, retail, digital technology, aviation, among others.
Vincom Retail could be added into the investment portfolios of the two major foreign-run exchange traded funds (ETFs) on the Vietnamese securities market: FTSE Vietnam ETF and VNM Vietnam ETF.
Investors were very excited after the benchmark VN-Index hit an almost decade-high last week and forecasts predict it will head to 1,000 points this year. However, analysts have warned of a likely correction this week after a long rally before the market goes further.
The benchmark VN-Index rose to yet another new 10-year peak on November 20, ending the session at 903.55 points, up 13 points, or 1.44 percent over November 17’s close.
Vincom Retail (VRE), the shopping mall operator of the real estate giant VinGroup, started trading 1.9 million shares on the HCM Stock Exchange on November 6.
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