Foreign retail businesses are adopting a multi-channel sales strategy as well as improved operations and delivery services to expand Vietnam operations despite pandemic impacts.
Retail petrol prices increased by nearly 1,000 VND per litre from 3pm on February 11 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Malaysia’s wholesale and retail trade valued at 1.3 trillion MYR (310 billion USD) in 2021, posting a year-on-year expansion of 4 percent, according to the Department of Statistics Malaysia (DOSM).
The COVID-19 pandemic has drastically changed the retail industry over the past two years. However, despite the 'boom' in online shopping during the pandemic, the thirst for offline shopping experiences will return, creating a new growth engine for the sector.
The Thai Cabinet has recently approved the allocation of 1.48 billion THB (about 45 million USD) from the central budget to fund programmes proposed by the Ministry of Commerce to reduce the cost of living over a period of three months, the Bangkok Post reported.
Trandata Technology Engineering JSC (TDT) of FPT Software signed a strategic cooperation agreement with True Data of Japan to develop data technology on January 19.
The COVID-19 pandemic, with its complicated developments, has given a boost to e-commerce, with non-cash payments accounting for 70 percent of total retail transactions in Vietnam last year.
Large retail firms are to gain even more market share this year as smaller competitors have been forced to exit the game after prolonged lockdowns and mobility restrictions during recent years, said industry experts.
Nikkei Asia recently analysed foreign investment policies of Japanese retail groups, including retail giant AEON, noting that numerous groups plan to expand operations in the Vietnamese market.
Foreign investors poured 9 billion USD into Vietnamese retail and wholesale markets between January and November, accounting for 2.2 percent of the country’s total capital, the Ministry of Planning and Investment said.
Nikkei Asia recently analysed foreign investment policies of Japanese retail groups, including retail giant AEON, noting that numerous groups plan to expand operations in the Vietnamese market.
The retail prices of oil and petrol were revised down starting from 3 pm on December 10 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Honda Vietnam on December 10 announced that its retail sales of motorbikes and automobiles in November rose by 19.4 percent and 51 percent month-on-month, respectively.
Singapore’s retail sales in October rose by 7.5 percent annually after registering a 6.8 percent increase in September, reported the Department of Statistics Singapore (DOS) on December 3.
Total retail sales of goods and services plunged 8.7 percent year-on-year to nearly 4.13 trillion VND in the first 11 months of this year, the latest report by the General Statistics Office (GSO) shows.
The retail prices of oil and petrol were adjusted down starting from 3 pm on November 25 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
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