Being evaluated as a major potential market, Vietnamese retail market has been growing rapidly with sales force growth averaging approximately 23 percent per annum.
Holding the fourth position among 30 countries that are attractive to foreign retailers, Vietnam’s domestic market expects to attract various giants in retail sector.
According to the market research of CB Richard Ellis [...]
Selling cakes to serve demand for snacks has become a profitable business in HCM City. Hundreds of snack shops have blossomed in the city and their main clients are office workers.
The snack market for office workers has grown with brands like Gbread, anvat4h, or Bloom. When someone needs food, they can call for delivery call. [...]
Viet Nam has climbed nine spots to tie with Indonesia as the second most confident country in the world, according to a survey recently issued by The Nielsen Company, a global information and measurement company.
Viet Nam saw a significant increase of 18 points for this year’s second quarter, the survey found.
Viet Nam’s confidence index jumped [...]
The state-owned Hanoi Trade Corporation (Hapro) has said it aims to boost its revenues to VND12.67 trillion ($663.35 million) in 2015 from this year’s expected figure of VND6.63 trillion.
Hapro targets to become one of the top three retailers in Vietnam and the leading distributor in the north in 2015.
The firm is trying to expand its [...]
Saigon Trading Group (Satra), one of Vietnam’s leading retailers, estimates it had revenues of VND13.3 trillion in the first half of 2010, fulfilling 53% of its whole-year target.
The group’s profit surged 87% on-year to VND1.8 trillion in H1 while its export values fell 17.2% on-year to $47.5 million.
Satra outlined a plan to build a distribution [...]
Although Hanoi is one of the nation’s biggest commercial centres and a distribution centre for many products, it is not a leader in the campaign “Vietnamese using Vietnamese products”.
Hanoi Old Quarter’s night market is bustlingly flooded with a wide range of goods; however, it is not easy to make a choice of Vietnamese products.
Attractive foreign [...]
The country’s young, newly rich population is seen as a key target of local and international retailers, especially in HCMC where steady economic growth continued in the second quarter of this year. Retail spending was on the increase in the first half of this year, thus having a positive impact on the retail space market.
According [...]
Secretary General of the Vietnam Retailers’ Association (VRA) Dinh Thi My Loan believes that big international retailers have not arrived in Vietnam because they are evaluating the market thoroughly to jump in at a suitable time.
Vietnam officially opened its retail market to foreigners a year and a half ago. Contrary to all predictions, big retail [...]
Ho Chi Minh City neighbourhoods are becoming the new retail frontier as developers look to tap shopping-savvy suburban residents.
According to property consulting firm Savills Vietnam’s report for 2010’s second quarter, the central business districts are still the most desirable areas for retail developers and retailers. However, suburban areas are also becoming increasingly attractive.
The city recorded [...]
The Grand Plaza Trade Centre, Hanoi’s international standard shopping centre was inaugurated in No 117 Tran Duy Hung street on July 17.
Addressing the inauguration ceremony, chairman of the IDJ Financial Management Board, Tran Duc Thanh, affirmed that the centre is connected with a 27-storey office building and five-star hotels, which puts Grand Plaza in the [...]
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