"It is essential to increase the quality of the traditional retail channel which still accounts for 80% of staple foods and foods. Attention should be paid to traditional markets while staying active in boosting co-operation with foreign enterprises in Vietnam, in addition to competing with them”, Phu emphasises. … [Read more...] about EVFTA puts great pressure on Vietnamese retailers
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Masan’s profitability is expected to improve further in the second half driven by The CrownX’s continued growth in its consumer product portfolio and the turnaround plan for its store network starting to yield results due to improving costs, better assortment and network optimisation, greater operational efficiencies in Masan MEATLife and Masan High-Tech Materials, and continued positive bottom line contribution from Techcombank. … [Read more...] about Masan to issue bonds worth $345.4m to augment working capital, pay debts
Hanoi (VNA) - Vietnam’s export is set to grow 5 percent annually from 2021 to 2025 to reach 340 billion USD in 2025, according to the Ministry of Industry and Trade (MoIT)’s plan on socio-economic development for the five-year period. The goods export growth of domestic firms is projected at 5 percent, with export to Europe and America expanding from 7-10 percent each year. Meanwhile, import growth during the period would rise 4.9 percent annually, hitting around 330 billion USD in 2025. The pace of local businesses is expected to stand at 6 percent. Under the plan, the industrial sector would make up over 35 percent of the national gross product (GDP), while the commercial sector accounts for 13.5 percent in 2025. The total revenue of retail sales of goods and consumer services is expected to increase 9-9.5 percent each year. The ministry aims to have 45 percent of small-and medium-sized enterprises to join e-commerce. To that end, it will step up economic … [Read more...] about Export set to hit 340 billion USD in 2025
Hanoi retailers told to increase stocks threefold amid pandemic Retailers in Hanoi were told to increase stocks of essential goods by three-fold over average levels to ensure price stability amid the complex development of the COVID-19 pandemic. … [Read more...] about Why do private investors want to take over Saigon Co-op?
During the social distancing period, residents have been asked to refrain from going out except to buy food, medicines and other necessities, wear face masks in public, wash their hands with soap or hand sanitizer regularly, avoid gatherings of more than two persons and keep a safe physical distance of at least two meters. … [Read more...] about Hai Duong City begins social distancing today