Tag: "foreign retailers"

Four firms to form conglomerate to fight foreign retailers

Four firms to form conglomerate to fight foreign retailers

The Association of Vietnam Retailers (AVR) has asked the government to establish a retail conglomerate from four big retail chains, Saigon Co-op, Phu Thai Group, Satra and Hapro, to compete with foreign retailers flocking to Vietnam.

FTAs useless for local retailers

FTAs useless for local retailers

A recent report of the Vietnam Chamber of Commerce and Industry (VCCI) shows free trade agreements will little impact on the country’s enterprises, however, many disagree with the findings.

Can ENT barrier bar foreign retailers?

Can ENT barrier bar foreign retailers?

Vietnamese retailers have been reassured that the regulation on ENT (economic needs test) would serve as a barrier that prevents foreign retailers from expanding in Vietnam and protecting local retailers. However, analysts don’t think this will work.

Retail faces tough competitors

Retail faces tough competitors

Mergers and acquisitions are churning the Vietnamese retail market, with large domestic players buying out rivals and massive investment by foreign retailers.

Vietnam modern retail not a promising land for all

Vietnam modern retail not a promising land for all

Foreign retailers have been flocking to Vietnam because they see the great potential in a 90-million-consumer market. However, Vietnam has not been an easy playing field even for experienced players.

Foreign retailers arrive en masse

 Foreign retailers arrive en masse

The retail market is seeing an invasion by foreign retailers, which has brought pressure on local businesses who lack financial capacity or experience.

Foreign retailers struggle to get accurate information

Foreign retailers struggle to get accurate information

Gaining access to accurate information on land, buildings and other factors needed for the investment making-decision process has been one of the greatest challenges facing foreign retailers in Vietnam, according to Hong Won Sik, General Director of LotteMart in Vietnam.

Local businesses seek way to win on home turf

Local businesses seek way to win on home turf

(VOV) -Participants at an October 3 seminar on retails and investment policies raised their concern over the domination of foreign retailers who, thanks to their advantages in capital and technology, may defeat local ones.

Foreign retailers vie for the lion’s share in Vietnam

Foreign retailers vie for the lion’s share in Vietnam

(VOV) - Retail giants from Japan, Thailand and the RoK find the Vietnamese marketplace highly lucrative and are stepping up efforts to grow their establishments and put the squeeze on domestic companies.

HCMC attracts foreign retail giants

HCMC attracts foreign retail giants

(VOV) -A large number of foreign retailers are actively seeking to expand their operations into Ho Chi Minh City, said CBRE Vietnam Co. Ltd.