Hanoi’s retail sales of goods and services in the first half of this year reached 336 trillion VND (14.35 billion USD), up 16.5% year-on-year, tied to local retail sales promotional programmes and supply chain adjustments.
Rising inflation will have a negative impact on consumer spending, and the earnings growth of retail businesses may not be as high as previously expected, SSI Securities Inc has forecast.
WinCommerce, the retail arm of Masan Group, which operates WinMart/WinMart+ supermarkets and minimarts, has planned to open over 700 new WinMart+ stores and more than 20 WinMart supermarkets and hypermarkets in the remaining months of 2022.
The development of technology and new segments is creating new investment products, giving Vietnamese investors more choices besides traditional channels such as securities, real estate, gold or currency. However, more challenges are emerging, forcing retail investors to be more professional to avoid risks.
The Central Highlands province of Dak Lak has signed strategic cooperation agreements with some distributors to have local specialties sold in the supermarket system of the Central Retail.
Standard Chartered has forecast Vietnam’s GDP growth at 10.8% in the third quarter and 3.9% in the last quarter of 2022, contributing to annual expansion of 6.7%.
Thai retailer Central Retail Corporation has unveiled a five-year plan to invest more than 30 billion THB (829.34 million USD) to expand its operations in Vietnam.
Vietnam’s Gross Domestic Product in the second quarter of this year was estimated to increase 7.72% year-on-year, higher than the growth rates in the same quarters during the 2011-2021 period, the General Statistics Office has reported.
Vietnamese commodities have made up 90% of goods sold in retail outlets owned by domestic enterprises and 60-96% of foreign supermarkets in Vietnam, according to the Ministry of Industry and Trade (MoIT), showing that more Vietnamese consumers are choosing Vietnamese goods.
Police have arrested the director of a company in the southern province of Ba Ria - Vung Tau for being involved in a massive fake gasoline ring in the province.
Retail petrol prices were up by nearly 500 VND per litre from 3pm on June 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Da Nang is entering the peak summer tourist season and tourists are coming in droves. The increase in the number of visitors has contributed to the bustling retail market of the city.
Vietnamese authorities should be vigilant about inflation risks associated with the continuing rise in the price of fuel and imports, which may dampen the ongoing recovery of domestic demand, according to the World Bank's (WB) monthly report on Vietnam, released on June 13.
The World Bank (WB) released the June edition of its monthly Vietnam Macro Monitoring on June 13, highlighting that the economic recovery remained strong despite heightened global uncertainties.
Ho Chi Minh City’s retail sales of goods topped 57.75 trillion VND (2.49 billion USD) in May, up 3.08 percent against the previous month and 13.8 percent from a year earlier, a report released last week by the city Department of Industry and Trade has said.
Vietnam saw strong growth in its revenue from retail sales of goods and services in May 2022 due to an increase in tourism demand after the pandemic is basically under control and the 31st SEA Games was successfully held in the country in mid-May.
The retail prices of oil and petrol continued to rise from June 1 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.
The central city of Da Nang has become ready for the 16th Asian route development forum (Routes Asia 2022), the largest and biggest event to promote and connect flight networks in the Asia-Pacific region.
Thailand's retail corporation Central Retail in Vietnam plans to put on shelves about 1,000 tonnes of lychee this year, with first batches of the fruit from Bac Giang province’s Luc Ngan district transported to its supermarkets after a ceremony on May 25.
Business
