Japan’s Aeon expands operation in Vietnam Business

Japan’s Aeon expands operation in Vietnam

Aeon, the leading Japanese retail and financial services corporation, on February 15 announced its 1.5 billion USD investment plan to build 20 shopping malls across Vietnam by 2020 .

Security guards foil ATM robbery

A foreigner who used fake cards to withdraw cash from a Dong A Bank ATM is caught by security guards in Ho Chi Minh City on Aug.5, the bank's deputy general director Nguyen Quoc Toan said.

City supermarkets lure wary customers

Supermarkets, shopping malls, and even traditional markets in Ho Chi Minh City have launched a slew of promotions to stimulate consumption, but to little effect.

Supermarket sales soar 27 percent

While sales at traditional markets in HCM City have plunged in the last 10 years, supermarkets have been growing at 19-27 percent a year in that period.

Market research companies say consumers prefer shopping at supermarkets to traditional markets these days.

The change in the shopping habits has strongly influenced the nature of goods sold at supermarkets, with the focus switching to food.
Sales slump at luxury malls Business

Sales slump at luxury malls

Luxury shopping malls in Ho Chi Minh City have seen sales slump by 20-40 percent compared to a year ago despite offering a spate of discounts and freebies.

Luxury imports continue to flood market

Luxury goods including high-priced cars and motorbikes, cosmetics, mobile phones and alcoholic beverages continue to be imported despite a package of measures unveiled by the Government last month to reduce the trade deficit.

Trade with Saudi customers lifts

Trade between Vietnam and Saudi Arabia has achieved traction in the last few years, opening new opportunities for bilateral cooperation, Minister of Industry and Trade Vu Huy Hoang has said.

Indonesian quake toll rises to 46

The death toll in the 7.3 magnitude earthquake in West Java, Indonesia, has risen to 46, while more than 300 others have been injured or are still missing.