Suppliers have become more cautious when doing business with retailers after WonderBuy has filed for bankruptcy. Meanwhile, analysts have every reason to believe that after WonderBuy, some more names would also disappear from the market. Manufacturers and suppliers are now following the principle of “holding the handle of a knife” in making transactions with retailers, [...]
Export turnover of electrical wire and cable reached US$479 million in the first five months of this year, down 2 per cent over the same period last year due to a sharp decrease in shipments to Japan and the US during the past two months, the General Statistics Office reported. After a 16.54 per cent [...]
The local electronic market faces a grim future after WonderBuy, a store of electronic and home appliances in HCMC’s District 1, announced bankruptcy with losses of VND52 billion after nearly a year of operation. Enterprises in the industry are afraid they will get into a life-and-death struggle as the electronics market remains stagnate due to [...]
Japan’s Mitsubishi Electric Corporation announced Tuesday that it had established a Vietnam company this month to coordinate sales of air-conditioning systems, home appliances and, from next year, factory automation products. The Japanese company has so far primarily conducted sales in Vietnam indirectly through distributors, and shifts to direct sales now. “Due to Vietnam’s remarkable growth [...]
The import tariff decreases have prompted foreign electronics manufacturers in Vietnam to narrow their production and shift to become distributors. Meanwhile, domestic electronics manufacturers have been pushed against the wall. Foreign products invading domestic market According to Director of the Thien Hoa home appliance distribution chain Bui Tan Cuong, domestically made electronics once made up [...]
The content of foreign channels’ broadcasts on pay TV in Vietnam must be edited and translated by a licenced agency. This is one of the recently approved regulations on pay TV management discussed at a seminar hosted by the Broadcasting, Television and Electronic Information Management Department under the Ministry of Information and Communications on June [...]
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