The COVID-19 pandemic has impacted localities nationwide, while many agricultural products are in the harvest season such as lychee, longan and dragon fruit, putting pressure on the circulation of farm produce.The Ministry of Agriculture and Rural Development (MARD) is developing...
Vietnamese retail companies are in pole position to seize the lion’s share of the market, especially after some foreign businesses have left the country.
Black Friday, originating from the US, has become a popular shopping event in Viet Nam with retailers offering promotional sales to boost revenue while shoppers line up to find attractive discounts.
Vietnamese retail firms are being forced to become more
serious about their development strategy and improving their
competitiveness following the penetration of foreign retailers into Viet
Nam with M&A deals.
Thai businesses have been focusing on investment in processing and
manufacturing industries in Viet Nam, data issued by the planning and
investment ministry''s Foreign Investment Agency showed.
The Japanese Aeon retail group is planning to team up with two leading
Vietnamese retailers, Fivimart and Citimart, later this year, according
to the Vietnam News Agency correspondent in Tokyo.
The General Department of Taxation has decided to conduct an inquiry on
Metro Cash & Carry Vietnam (MCC) after it continuously reported
losses, according to VnExpress.vn website.
The Vietnamese retail market has huge potential, but
local investors are frittering away the advantage by failing to develop
modern retail, a senior industry-trade official has warned.