Since the sales have been slowing down, home appliance distributors have been marching towards the suburbs or attacking the niche markets in order to avoid the increasingly fierce competition. Preliminary statistics show that by the end of December 2011, home appliance distribution had had the growth rate of less than 10 percent. A lot of [...]
A programme to popularise high-quality Vietnamese products in rural areas begun three years ago has achieved great success. In the period the Association of Vietnamese High-Quality Goods Producers organised 75 market days in remote and rural areas in 23 cities and provinces, selling many products worth VND70 billion ($3.3 million). The programme has helped popularise [...]
Preliminary statistics showed that HCM City has currently about 692,000 m2 of retail space, including 96 shopping centers and mass retailers concentrated in the central districts. In particular, shopping centers accounted for 44% and supermarkets accounted for 31% of total supply, the local newspaper Nguoi Lao Dong (Laborer) reported. Presently, the rental charge of retail [...]
Though the national economy has experienced a very difficult year, the retail market in 2011 still grew well with the total revenue of 90 billion dollars, making up 15-16 percent of Vietnam’s GDP. The demand rescued the market The Ministry of Industry and Trade has estimated that the total retail turnover in 2011 reached 1994 [...]
In 2011, the Vietnamese distribution market received two more big brands – Japanese Aeon and Hong Kong’s Giant. As such, Vietnam just needs British Tesco and the US Wal-mart to gather enough the world’s biggest distributors. “Big fishes” whisk the tails The distribution sector can be classified into two types, wholesale and retail. However, the [...]
The Ministry of Finance’s Price Management Department has announced that it would continue to control the prices of necessary goods this year in a bid to ensure market stability. In co-ordination with other ministries, MoF would implement Government measures to rein in inflation and stabilise the prices of necessary commodities including rice, power, oil, coal [...]
Lotte Mart Vietnam has received an investment certificate to open a hypermarket in Bien Hoa city. Lotte Mart Bien Hoa will be located in Amata Commercial Complex run by Amata Vietnam, with 8,300 square metres and estimated investment capital of $40 million. Lotte Mart Bien Hoa will be one of the most completed commercial centres [...]
More and more Japanese enterprises are looking to enter Vietnam as a consumer market rather than a manufacturing base as before, said a consulting company for Japanese investors. Speaking at a seminar held by the Vietnam Chamber of Commerce and Industry (VCCI) in HCM City on Wednesday, Tetsuya Fukumori, vice chairman of Corporate Directions Co. [...]
The Ministry of Finance’s Price Management Department has announced that it would continue to control the prices of necessary goods this year in a bid to ensure market stability. In co-ordination with other ministries, MoF would implement Government measures to rein in inflation and stabilise the prices of necessary commodities including rice, power, oil, coal [...]
Though the national economy has experienced a very difficult year, the retail market in 2011 still grew well with the total revenue of 90 billion dollars, making up 15-16 percent of Vietnam’s GDP. The demand rescued the market The Ministry of Industry and Trade has estimated that the total retail turnover in 2011 reached 1994 [...]
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