Central Retail Vietnam's sourcing team has met with businesses and suppliers in the southeast to discuss cooperation opportunities at a trade promotion conference between Ho Chi Minh City and its neighbours in Binh Phuoc province last week.
Starbucks is committed to expanding further in Vietnam with its plan to open the 100th store by the end of the second quarter this year – a decade after the first shop opened in Ho Chi Minh City in February 2013.
The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Vietnam, posted a record high in net revenue of 15.71 trillion VND (682.57 million USD) in the second quarter of 2021, a year-on-year rise of 1.4 percent, according to its financial report.
Businesses producing consumption goods are managing to stay afloat in the context of COVID-19 spread, leading to the suspension or cancellation of recruitment.
The fast moving consumer goods sector is forecast to grow at 6.4 percent this year in the country’s four major cities and 8.7 percent in rural areas, according to global data and consulting company Kantar Worldpanel.
The domestic food and beverage market has great potential for development despite the difficulties caused by the COVID-19 pandemic, according to experts.
Recruitment needs, especially for medium- and high-level personnel, in the third quarter rose in the fields of fast-moving consumer goods, IT, energy and insurance, recruitment company Navigos Group said in a recent report.
The COVID-19 outbreak has hit fast-moving consumer goods (FMCG) businesses but not all categories and retailers will suffer negative impacts, according to global data and consulting company Kantar Worldpanel.
Safe agricultural products and foodstuff from Tay Ninh province are on display during a promotion week for the province's goods at the Big C An Lac supermarket in Binh Tan district in Ho Chi Minh City.
Snacks are replacing traditional meals as busy modern life changes consumer behaviour, making the snack market lucrative globally including in Vietnam, experts said.
High-tech manufacturing was the top sector in terms of demand for senior managers in the third quarter, according to executive search firm Navigos Search.
The fast moving consumer goods market will remain strong in the long term in the country’s four major cities of Hanoi, Da Nang, Ho Chi Minh City, and Can Tho and see an acceleration in rural areas, according to Kantar Worldpanel, a global data, insights and consulting company.
The Masan Group Corporation (Masan), which saw an increase of more than 57 percent in profit last year, has set a target of double-digit growth for 2019.
With increasing incomes, consumers are paying greater attention to products of high quality and health foods, and producers and distributors need to focus on such products, a forum on Vietnamese high quality foods and agricultural products heard in Ho Chi Minh City on December 20.
More than 68 trillion VND (over 2.9 billion USD) is expected to be spent on media advertising by companies in Vietnam, with fast-moving consumer goods (FMCG) manufacturers to make up the bulk of the spending.
Products serving babies grew 12 percent in the second quarter of 2018, the highest recorded in fast moving consumer goods (FMCG) categories after months, according to a report of Nielsen, a global measurement and data analytics company.
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