Hypermarkets, supermarkets and convenience stores are competing with single-price chains which have been cementing their positions in Vietnam.
In an effort to prevent involved parties from evading tax by inaccurately declaring profits from M&A deals, MOF plans to tax one percent on the transfer price, to be applied to businesses, and one percent on income, to be applied to individuals.
More and more Vietnamese enterprises are exporting goods via foreign supermarket chains.
Thai conglomerate Central Group will invest an additional $500 million to expand its operations in Vietnam within the next five years, aiming to set firm roots in this potential market, according to newswire Bangkok Post.
VOV.VN - Prime Minister Nguyen Xuan Phuc had a weighty agenda on day two of his state visit to Thailand Friday, August 18, during which he spent most of his time meeting with Thai business leaders.
VOV.VN - More than 40 Vietnamese companies attended an exchange with the Thai Group and other prominent retailers in Bangkok today (August 18) with the objective of securing supply chain participation, reported the Vietnam Investment Review.
Domestic retailers are facing a lot of challenges and losing market share to foreign rivals due to limited capital, scale and governance skills.
VOV.VN - Lychees from Luc Ngan district are on the shelves of Central Group’s business units Tops and Central Food Hall supermarkets in Bangkok, according to the Bac Giang provincial Department of Industry and Trade.
Robins department store, a member of the Central Group Vietnam, will run a midnight sales program on April 8 from 9:30 a.m. till midnight at its property in the Crescent Mall in HCM City’s District 7.
VOV.VN - The US founded retail chain 7-Eleven announced plans in mid-2016 to open its first store in Vietnam in the spring of 2017.
Many big and surprising merger and acquisition (M&A) deals were made in 2016 with retail and real estate continuing to dominate this market.
Thai, Japanese, American and French retail giants are speeding up their plans to conquer the Vietnamese market.
VOV.VN - Big C has announced that it will make significant investments in 13 supermarkets nationwide to upgrade them to retail trade centres as part of a strategic plan to rebrand its image and position the company for future success.
Vietnam’s retail market has recently seen a wave of mergers and acquisitions as well as the rapid domination of foreign investors from Japan, Thailand and the Republic of Korea.
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 Vietnam with M&A deals.
Deputy Prime Minister Vuong Dinh Hue noted his hope that Thailand’s Central Group (CG) will continue to invest in product distribution, retail and wholesale trade in Vietnam.
Nguyen Kim, a retailer of mobile phones and home appliances, is expected to open stores at Big C supermarkets, replacing mobile phone retailer The Gioi Di Dong which has moved out of the Big C chain.
The Gioi Di Dong has had to close 22 stores at Big C shopping malls following the supermarket chain's recent acquisition by a Thai firm.
VOV.VN - Foreign corporate chains have descended on Vietnam and are now dominating the once completely local retail markets, says the Ho Chi Minh City Union of Business Associations.
Vietnam is emerging as a rising retail market within Asia-Pacific, according to real estate consultants JLL.