These online channels have been seen as strong rivals for supermarkets, convenience stores, and traditional markets. According to a recent CRRE Vietnam survey of 1,000 customers in Ho Chi Minh City and Hanoi, 25% of those polled plan to reduce their shopping at physical stores, while 45-50% will do regular online shopping via computers or mobile devices in the future. President of the High Quality Vietnamese Product Business Association Vu Kim Hanh says according to the association’s survey in 2017, the percentage of the population who regularly shop online has tripled from 0.9% last year to 2.7% this year. The survey in 2018 shows that 23% of customers used online channels as their references before buying products, up 5% over a year earlier at 18%. Also, many businesses consider online shopping as a channel to access information about market demands, she notes. The boom in online shopping reduces the purchasing power of modern distribution channels, convenience stores, and … [Read more...] about Traditional retail fighting to keep up with e-commerce boom
Customer experience competitive advantage
The project is expected to unlock new market opportunities and increase income for the smallholder farmers, thus contributing to better food security, the IFC announced during an event to launch the project in Vietnam on June 22. The project, Farmer Advisory Component, is a component of IFC’s broader Vietnam Food Safety Programme, which was launched in July 2017 in partnership with the Slovak Republic, aiming to address food safety standards and practices in the country. The annual food consumption in the domestic market accounts for roughly 15 percent of Vietnam’s GDP, with an average annual growth rate of approximately 18 percent. But, inadequate safety standards can inhibit the sector’s growth potential, jeopardising consumer health and reducing market opportunities for local food producers in the modern food value chain. “Implementing internationally accepted food safety practices and systems is essential for the sustainable growth of … [Read more...] about Smallholder farmers to get support to improve food safety
She returned to Vietnam in August after Chinese authorities raided and deported undocumented immigrants. More about how she returned later. Cut to the present. In a countryside garment factory in the northern Bac Giang Province, Bien sits beside a bunch of red cloth bags. Around her dozens of other workers are making bags on sewing machines, but not Bien: Her job is to affix the company label on the bags, and she gets less than VND100,000 ($4.32) a day for it. She was given that job after failing to learn sewing despite eight days of training at the factory. "It's too difficult, I can't sew," she says. Bien is one of many Vietnamese trafficking victims rescued from China who returned lost, damaged, with little assurance their life would ever go back to the normal old days. Before being trafficked to China, she had been quite resourceful, working her family's rice field in Dong Lo Commune in Bac Giang while also attending a babysitting class. On October 2, 1991, when she was 23, Bien … [Read more...] about The plight of human trafficking survivors: Back from hell but to what?