VietNamNet Bridge – While other regional countries have made big leaps in developing their retail industries, the achievements gained by Vietnam have been modest in the last 10 years since Vietnam joined the WTO. Vietnam is an attractive retail market The chair of the Vietnam Retailers’ Association Dinh Thi My Loan said Vietnam is known as a target market for the world’s leading retailers with attractive profits. According to GSO (General Statistics Office), total retail revenue in 2017 reached $130 billion, increasing by 10.9 percent compared with 2016. However, Vietnamese retailers cannot make big money from the market.Loan, who returned to Vietnam after attending the 18th APRCE (Asia-Pacific Retailers Convention & Exhibition), said she is worried about Vietnam’s retail industry.“We have been admiring the strong development of Singapore. The other countries in South East Asia including Malaysia, Thailand and the Philippines have been developing rapidly in the retail industry,” she said.“Vietnam is taking small steps forward in the development path. But other regional countries are running,” Loan said.From Japan, the Aeon Mall, Family Mart, Ministop, Takashimaya and 7-Eleven have come to Vietnam with ambitious plans to open many retail points in the promising market.In late 2017, Aeon Mall announced the opening of its fifth shopping center in Ha Dong district with investment capital of $200 million. The giant is moving ahead with the plan to own 20 shopping malls in Vietnam by 2020.Coming to Vietnam in June 2017, 7-Eleven has opened 11 shops in HCMC, which was part of its plan… [Read full story]
After operating a retail business in Ho Chi Minh City for about a month starting with the convenience-store format, the company plans to open B's Mart stores in Laos this year, and in Cambodia within the next couple of years.— Photo dantri Kwanchai Rungfapaisarn BANGKOK — Berli Jucker plans to launch a retail business in Thailand and Myanmar in various formats - convenience stores, supermarkets, hypermarkets and premium warehouses - by 2015. After operating a retail business in Ho Chi Minh City for about a month starting with the convenience-store format, the company plans to open B's Mart stores in…... [read more]
Despite the weather being extremely cold in winter, the overseas Vietnamese community in Germany felt very happy to take part in the opening ceremony of the Thang Long hotel in Berlin. It is the first hotel in Berlin that is run by Vietnamese. The event was celebrated together with the 30th anniversary of the establishment of diplomatic relationship between Vietnam and Germany. Participating in the event were Mr Tran Duc Mau, Vietnamese Ambassador to Germany, Ms Marquart, representative of Lichtenberg district and over 170 guests from German and Vietnamese enterprises. Speaking at the opening ceremony, Mr Vo Van Long, chairman…... [read more]
"After you." "No, after you." The euro zone is inching towards a new plan to tackle its debt crisis in a three-dimensional game of chicken among all the main players. The European Central Bank's heavily qualified offer last week to step in and buy bonds to bring down the borrowing costs of Spain and Italy was the latest gambit in this game. Each of the main protagonists - the central bank, the countries under pressure, EU paymaster Germany, and governments already under a bailout program - is angling for others to make the first move and carry the brunt of…... [read more]
Four Vietnamese businesses have been named among the Top 500 Retailers of the Asia-Pacific Region 2008, according to sources at the Ministry of Industry and Trade. Of the four winners, three were present in Top 500 list of 2007, and won the highest prizes of this year including: - A Gold Prize for the Saigon Co-Op with a chain of Co-Op Mark supermarkets. - A Silver Prize for the Saigon Jewelry Holding Company. - A Bronze Prize for the Saigon-Nguyen Kim Shopping Centre. The 2008 award ceremony took place on Oct 16 th at the Venetian Hotel, Macao, China. The…... [read more]
By Quoc Hung - The Saigon Times Daily HCMC - Ten Vietnamese businesses have been listed in the top 500 best performing retailers in the Asia-Pacific region in an annual survey by Singapore’s Retail Asia Magazine. The Saigon Commercial Cooperative Union, or Saigon Co.op, with 46 Co.opMart supermarkets and 12 convenience food stores ranks as the leading retailer in Vietnam. This is the seventh time Saigon Co.op was chosen the leading retailer in Vietnam by the magazine. Saigon Co-op obtained over VND8.57 trillion in revenue last year, up 35% on 2008, with the Co.opMart chain contributing over VND8.3 trillion, or…... [read more]
