The gift market for Vietnamese Women’s Day, October 20, this year is offering customers a wide range of products and services.
Lotte Card’s purchase of TechcomFinance from Techcombank is considered a move to expand in Vietnam and break into the US$26.55-billion consumer finance market, which has been showing signs of rapid development.
In the race to conquer the pocketbooks of consumers, delivery services are the ‘trump card’ for retailers.
More and more Vietnamese enterprises are exporting goods via foreign supermarket chains.
The development of private-label products, also known as “phantom brands” that are made by a manufacturer and sold under a retailer’s brand name, is considered an irresistible trend despite a small proportion in Vietnamese retail market.
The Ministry of Industry and Trade (MoIT) and this city’s People’s Committee hosted the launch of Vietnamese Consumer Rights Day 2017, themed 'Enterprise for Customers', here on March 12.
Consumers in Ho Chi Minh City can now use a smartphone app to trace the origin of vegetables sold at Co.opmart, Lotte Mart, Big C and AEON supermarkets under a programme run by the city Department of Agriculture and Rural Development and the Digital Agriculture Association.
With just three weeks to go for Tet (the Lunar New Year), the market for gift hampers has heated up with supermarkets, markets and shops offering a range of them to cater to both business and individual customers.
Maritime Bank has signed an agreement with the Korea Federation of SMEs (KBIZ) under which the bank will support operation of KBIZ member firms in Vietnam.
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.
The purchasing power in Ho Chi Minh City increased by up to 40 percent during the National Day occasion as many families spent the three-day holiday at commercial centres instead of travelling to far destinations.
The total national retail value of goods and services in August reached nearly VND292.8 trillion (US$13 billion), with purchasing power declining 0.3% against July.
Republic of Korea (RoK) retailer Lotte Mart has recently opened a shopping mall in Nha Trang city, the central coastal province of Khanh Hoa, its 13th in Vietnam.
VOV.VN - As the economy gains steam, banks are growing more aggressive in marketing credit and debit cards to increasingly wealthy consumers, targeting 25% increases on the year in the number of credit card users.
The Republic of Korea (RoK)’s supermarket chain Lotte Mart Vietnam recently met with more than 100 suppliers in Khanh Hoa province to discuss buying their products.
Experts have noted that it is time Vietnamese retail firms "grew up" and adopt modern retail practices.
VOV.VN - The Korea Herald recently ran an article on Korean consumer goods firms shifting overseas focus to Vietnam as their business in China reaches its limits, increasing investment and aggressively opening new branches.
The Republic of Korea’s (RoK) consumer goods firms are shifting their overseas focus to Vietnam, increasing investment and aggressively opening new branches, Yonhap news agency quoted industry watchers in an article on May 2.
VOV.VN - To fulfill its target of opening 60 supermarkets in Vietnam by 2020, Lotte will speed up M&A activities in the future, says Hong Won Sik, director general of Lotte Mart Vietnam.
Lotte Group’s retail business Lotte Mart has joined the 26th Vietnam International Trade Fair – VIETNAM EXPO 2016 to look for Vietnamese products to export to foreign markets.