According to Savills Vietnam, the retail property market is forecast to be stable with an annual growth rate of 12 per cent. In addition, the average leasing price on the first floor has dropped by a slight 2 per cent on-quarter and by 1 per cent on-year. By 2021, the centre of the capital will not welcome any new projects, meaning supply will be scattered. … [Read more...] about Local retail property market over saturation point
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In terms of regions, Omo is generally the most favoured brand in all three regions. Ariel is the second most popular brand in the north and the south, while in the central region Aba is second. Japan’s new brand Attack is in the fourth position in the northern market. … [Read more...] about Local detergent firms vying for bigger market pie
The strong demand is set to continue and will boost prices further across all sectors. However, demand in the high-end segment, especially among investors, is likely to slow down in the long term as the already-high prices and low rental yield make it a less attractive investment. … [Read more...] about Industrial sector to lead property market: JLL
The online shopping platforms and delivery services are predicted to witness a growth acceleration in both shopper base and incremental spending by attracting new shoppers who have never shopped online, and by increased or upgraded spending from existing online shoppers. … [Read more...] about What effect will COVID-19 have on Vietnam’s FMCG market?
Several e-commerce platforms announced to close or stopped operations in silence in the past months. Of which, the biggest closing is that the Vingroup announced its withdrawal from the direct retail sector to focus resources on the industrial and technological sectors. Accordingly, its Adayroi website would be merged into VinID by the end of December last year. Figures by iPrice showed that the website traffic of Adayroi reached 6-7 million hits per quarter, just behind other large e-commerce platforms, such as Shopee, Tiki, Lazada, and Sendo. Similarly, on December 25 last year, CEO of Lotte.vn sent notifications to suppliers and customers of Lotte.vn, saying that as of January 20 this year, the website would stop providing its services to customers. Suppliers and customers can continue to supply goods or trade with the Lotte Mart Head Office. Earlier, in March last year, fashion e-commerce platform Robin Online, formerly Zalora, also unexpectedly announced to halt all its … [Read more...] about E-commerce: a fierce race