The retail market in Vietnam has recently witnessed a boom in development of mini marts and convenience stores with participation of not only domestic firms but also foreign giants.
The country's total retail sales and services revenue reached 110 billion USD, rising 9.8 percent over the same period last year, or 9.1 percent, if inflation is excluded.
The retail sector of the southeast province of Dong Nai has grown at an increasingly rapid pace in the past five years, fuelled by the availability and convenience of shopping facilities.
The apartment retail segment in Nha Trang city in central Khanh Hoa province is growing in both supply and attention, reported Savills Vietnam real estate service provider.
The Ho Chi Minh City-based Saigon Union of Trading Co-operatives (Saigon Co.op) has continued to grace the top 500 Asia-Pacific retailers in 2015, reported the Saigon Giai phong newspaper.
The new retail electric tariff will be submitted to the Government for consideration in October, said Dinh The Phuc, deputy head of the Electricity Regulatory Authority of Vietnam (ERAV).
Total retail sales of goods and services reached 2,116.67 trillion VND (94 billion USD) for the January-August period, a 10.1 percent increase year-on-year, or 9.1 percent if inflation is excluded.
The US continues to impose countervailing duty (CVD) as well as old duty rates on polyethylene retail carrier bags (plastic bags) from Vietnam after the first sunset review on the duty in May.
The devaluation of the ringgit and current political issues in Malaysia are affecting the country’s consumer sentiments, negatively impacting the local retail sector.
Vietnam continues to grow as a manufacturing hub, climbing to first place on Cushman & Wakefield's 2014 Growth Index, a ranking of the top 15 manufacturing locations by growth in emerging markets.
Vietnam is expected to lure many foreign banks, especially those operating in the retail segment, once the country removes all technical barriers in the banking sector this year.
The retail price of petrol was reduced by 260 VND to 20,120 VND (93 US
cents) per litre starting from 3pm of July 20, in the wake of falling
global fuel prices, the Ministry of Industry and Trade (MOIT) said.
The Global Banking and Finance Review, a British magazine, named the
Vietnam Technological and Commercial Joint-stock Bank (Techcombank) the
best Vietnamese retail and the best Vietnamese corporate bank.