Major players in the retail market are reopening offline stores, casting hopes of a recovery in consumption after difficult months in the first half of this year which forced hundreds of stores to be shut down.
Six leading distribution systems - Saigon Co.op, Satra, AEON, Central Retail, MM Mega Market, and Bách Hóa Xanh - signed an agreement to deploy a cooperation programme on goods quality control in HCM City on March 8.
Bach Hoa Xanh (a member of Mobile World Group) and MoMo have announced a strategic cooperation that turns the later into the first e-wallet to be accepted as a payment method at Bach Hoa Xanh stores.
Food and grocery retailers are doing particularly well during the pandemic, or at least they are on papers, said recent reports from securities traders and financial analysts.
Mobile World Investment Corporation has approved a plan to pour another VND1 trillion (US$43 million) into its grocery store chain subsidiary Bach Hoa Xanh to raise the company’s charter capital.