Foreign retailers pose pressure on domestic firms
Foreign retailers have made stronger presence in the Vietnamese market over the years, posing great pressure on their domestic competitors.
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Foreign retailers have made stronger presence in the Vietnamese market over the years, posing great pressure on their domestic competitors.
Vietnam now exports 1 billion pairs of shoes per year and the nation is the second largest leather and footwear exporter in the world, according to experts at the Vietnam Footwear Summit 2019 held in HCM City on March 20.
The Vietnam Dairy Products Joint Stock Company (Vinamilk) has offered to purchase more than 116 million shares of the GTNFoods Joint Stock Company (GTN) as GTN indirectly holds shares in Moc Chau Milk.
National Assembly Chairwoman Nguyen Thi Kim Ngan lauded efforts and achievements by the Sai Gon Newport Corporation (SNP) over the past three decades when attending its 30th traditional day on March 15.
Vietnam’s authorities plan to conduct further investigations into the merger of Grab and Uber last year over possible antitrust regulations violations, said the Ministry of Industry and Trade on February 13.
Competition between domestic and foreign retailers is likely to remain fierce this year, requiring Vietnamese businesses to cooperate in order to maintain their market shares, said an official from the Ministry of Industry and Trade (MoIT).
The fruit and vegetable sector aims to gross nearly 4.2 billion USD in export turnover this year, according to the Department of Crop Production under the Ministry of Agriculture and Rural Development.
Thailand’s largest retail conglomerate Central Group on January 31 confirmed that it will invest 200 million USD in Singapore-based ride-hailing application Grab.
The sharp decline of the stock market in the final months of 2018 has had little impact on the yearly business results of securities companies.
Motorcycle sales in 2018 broke the record set seven years ago (3.3 million) with nearly 3.4 million vehicles sold in the domestic market during the year.
Vietnamese farmers and businesses are worrying as pepper export revenue is expected to drop to under 1 billion USD in 2018 for the first time after four years despite strong increases in shipments.
The second Vietnamese Coffee Day took place in Gia Nghia town of the Central Highlands of Dak Nong province on December 10, aiming to promote sustainable development of coffee sector.
Cold-rolled steel imported from China, the Republic of Korea (RoK) and Vietnam is being unfairly subsidised and dumped in Candida, according to the Canada Border Services Agency (CBSA).
Vietnamese commercial banks are racing to develop their networks by opening representative offices and subsidiaries in foreign nations, paving the way for them to expand their overseas operations, according to market watchers.
The Vietnamese Ministry of Industry and Trade held a gala in Hanoi on October 21 to review the “Vietnamese Goods Identification – Proud of Vietnamese Goods” programme.
A capital shortage for local paper manufacturers could make them lose out to foreign direct investment (FDI) enterprises in their own country, according to experts.
The Vietnam Online Marketing Forum 2018, themed “Human or Robot”, took place in Hanoi on August 17 following its success last year.
Prime Minister Nguyen Xuan Phuc has signed a directive on reducing logistics costs and connect the transport infrastructure system.
