As it is getting more and more costly to lease retail premises in Hanoi, small merchants have “invented” a new mode of shops – hanging shops. The rice hanging shop on Quan Thanh street Hanging shops have been mushrooming in Hanoi, where all kinds of essential goods for daily life, from food, rice to clothes, [...]
More and more convenience stores, which provide modern services like supermarkets and can reach out to every corner in residential quarters like traditional markets, have been set up in the plan of retailers to expand their networks. In late August 2011, Saigon Co-op put another Co.opFood convenience store in Binh Thanh district into operation, raising [...]
The month of September, designated a special promotional sales period, has begun very well with customers flocking in the thousands to supermarkets, trade centres and fairs in Ho Chi Minh City. The rush was particularly evident on National Day (September 2) as long queues of customers waited to buy promotional products at these events. On [...]
A lot of big foreign retailers are making hectic preparations to expand their operation in Vietnam in order to obtain “bigger pieces of the cake” of the very lucrative market. Malaysian Parkson Retail has clearly shown its expansion plan in the Asian market. South Korean GS Retail is seeking domestic partners. Meanwhile, Vietnamese Vincom has [...]
For the last many years, Vietnamese goods have been absent from traditional markets. Even Dong Xuan Market, well known as the oldest and biggest wholesale market in Hanoi, has also been mostly distributing Chinese goods since 1986. Chinese goods flooding traditional markets According to Do Xuan Thuy, General Director of the Dong Xuan Joint Stock [...]
As consumers tighten their belt, supermarkets and shopping malls all have been poorly patronized. Meanwhile, producers still dare not purchase materials to prepare for the year-end production season, even though the peak sale season is nearing. High grade shopping malls in Hanoi such as Vincom, Parkson, Trang Tien Plaza or Hanoi Tower have all been [...]
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