The distribution systems of foreign retailers have become an effective and sustainable export channel, and the Ministry of Industry and Trade (MoIT) will continue to support domestic firms to make the most of this channel.
Foreign retail businesses are adopting a multi-channel sales strategy as well as improved operations and delivery services to expand Viet Nam operations despite pandemic impacts.
Though Big C Vietnam’s decision to stop buying Vietnamese garments was discontinued immediately and it was soon business as usual, public opinion has yet to settle down, with many people worrying about the fate of Vietnamese goods in future.
Competition between domestic and foreign retailers was likely to remain fierce this year, requiring Vietnamese businesses to co-operate in order to maintain their market shares.
Competition between domestic and foreign retailers was likely to remain fierce this year, requiring Vietnamese businesses to co-operate in order to maintain their market shares, said an official from the Ministry of Industry and Trade
Viet Nam has a population of more than 90 million with rising incomes and amid the Southeast Asian country’s rapid and deep integration into the global economy together with the growing competition in the retail industry, placing customers at the...
Foreign business associations have urged the Government to loosen and
make more transparent the economic needs test (ENT) that foreign
retailers have to pass to establish their second and subsequent outlets.
Domestic retailers have called for policy support to help them exploit
their potential better, especially as they have to face fierce
competition from foreign counterparts.
Vietnamese retailers risk losing the domestic market, which will soon be
dominated by foreign ones, the Lao dong (The Labour) newspaper reported
on Wednesday.