Sales of many electrical appliance stores in town have dramatically plummeted since consumers cut spending during economic turmoil. “The consumption of hi-tech products has started to slow down since April this year,” said Ho Minh Tri of the electrical appliance trader Petrosetco Distributions. Vo Hoang Quan, director of Hanoi-based FPT Trading, aligned with Tri and [...]
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 [...]
Error products have slipped out from the factories in China and then reproduced into low-cost products to be sold dirt cheap at the border area markets, or even in big cities in Vietnam. There are many reasons that explain why Chinese products have such surprisingly low prices Blogger Tri Vu, who claims to have much [...]
A high number of electronics and home appliance distributors were listed In the VNR500, the ranking of Vietnamese top 500 enterprises in terms of turnover, which has been released by Vietnam Report and VietNamNet, . This shows the stiff competition among the distributors on the market. Vu Dang Vinh, Director of Vietnam Report Company, noted [...]
Vietnam’s consumer electronics market is predicted to be worth about US$4.3 billion in 2010 and likely to hit US$6.6 billion by 2014, said a Vietnam Consumer Electronics Report Q2 2010. This rise inmarket value is attributed by the report to increased product affordability. The report, posted by website “Companiesandmarkets.com” on April 19, added that in [...]
Apr 21 2010 | Posted in
Trade |
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It is now the high shopping season, but buyers are ignoring electronics and home appliances. Retailers say that consumers are just spending money on key goods, while they haven’t budgeted for appliances. Despite many sales promotions, home appliance centres in HCM City these days are not as bustling as expected. Thai Thanh Son, marketing director [...]
Feb 4 2010 | Posted in
Trade |
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