Thanks to improved quality, diversified designs and competitive prices, Vietnamese goods have gradually won the trust of domestic consumers, but more attention on green practices, origin traceability, and e-commerce is needed to truly conquer the domestic market.
A seminar on introducing products of innovative start-ups to supermarkets and distribution channels took place in Hanoi on November 18. It was a bid to create a spillover effect contributing to further improving the efficiency of local production and business.
Vietnam and Ho Chi Minh City in particular are considered to hold promise for retailers from home and abroad on the back of the large, young population and rising consumer price index amid the COVID-19 pandemic.
The Sherpa Company Limited, a subsidiary of Masan Group Corporation, has acquired a 20-percent stake in Phuc Long Heritage JSC, which owns one of the leading tea and coffee brands in Vietnam – Phuc Long, for 15 million USD, according to an announcement.
To fuel the production, trading, and consumption of Vietnamese goods, the Prime Minister has approved a project on developing the domestic market in association with the “Vietnamese people prioritise Vietnamese goods” campaign.
The Ministry of Industry and Trade (MoIT) is working to connect enterprises and localities facing COVID-19 outbreaks to ensure goods are consumed, especially agricultural produce in virus-hit areas.
The year 2020 marked a rough year for the global finance and equity markets as the COVID-19 pandemic scaled down the global economy and discouraged investors to execute their M&A deals as planned.
Amid complex developments of the COVID-19 pandemic, retailers and distributors in Hanoi have stockpiled products and built distribution plans to meet consumers’ demand.
The COVID-19 pandemic has contributed to forming online shopping and online payment habits, a trend that is likely to continue after the pandemic, held experts.
Minister of Industry and Trade Tran Tuan Anh has asked the Hanoi Department of Industry and Trade to keep a close watch on market developments, inspect and create favourable conditions for distributors to ensure sufficient supply of goods.
Delivery company GHN has unveiled plans to invest millions of USD to install automated sorting systems at its warehouses in major cities like Hanoi and Ho Chi Minh City.
Through merger and acquisition (M&A) activities and the improvement of goods quality and services, Vietnamese retailers are trying to win the support of local customers and compete with foreign rivals.
VinGroup-run VinMart and VinMart+ supermarket system on August 9 launched a programme to protect the environment by a “three-green” solution: green supermarkets, green customers and green suppliers.
Concerns are growing over whether supermarket chain Big C’s temporary suspension of Vietnamese apparel purchases could spread to other products and retailers.
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.
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.
VinCommerce, a subsidiary of real estate and retail giant Vingroup, announced on April 2 that it will receive the transfer of 87 Shop&Go stores at the price of 1 USD.
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