The trillion-dong street food market will sooner or later belong to foreign businesses if domestic firms do not make proper and professional investment, industry insiders have said.
The Vietnamese street food market, with estimated value of VND47 trillion, is now attracting big food supply chains and 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.
Brands are trying to fully exploit their advantage to compete with rivals, but most of them are developing a model that is a hybrid between a convenience store and fast food shop.
With its recent acquisition of Cau Tre Export Goods Processing Joint Stock Company, CJ is one step closer to playing a crucial role in the Vietnamese processed food sector.
Why can’t the private economic sector grow more quickly, even though more policies and resolutions on developing private businesses have been created recently?
Well-known Vietnamese names in the food industry have fallen into the hands of the world’s largest conglomerates.
Ho Chi Minh City welcomes experience and technology from international partners for the expansion and management of Binh Dien wholesale market, which is expected to become a trade centre and tourist destination.
Viet Capital Securities Corporation (VCSC) may list on the stock market in the third quarter of 2017, HCM Securities Corporation (HSC) said in a recent report.
The Saigon Trading Corporation (Satra) launched two convenience stores (Satrafoods) in the Mekong delta city of Can Tho on January 18 with a view of helping local customers to shop safe food.
Suppliers of necessities have readied themselves for the upcoming Tet, or Lunar New Year, with higher volumes of goods for the market than last Tet.
VOV.VN - Representatives of more than 20 Russian food and drink businesses joined an exchange with leading Vietnam distributors and importers on December 14 in Ho Chi Minh City.
Miniso has been mentioned repeatedly in local newspapers. The retailer has announced its official presence in Vietnam through a franchise contract signed with Le Bao Minh Group.
VOV.VN - CJ Group from the Republic of Korea has announced that it will cooperate with Saigon Trading Group (SATRA) to expand food trading in Vietnam.
Leaders of the Ho Chi Minh City government and relevant agencies on May 23 met to discuss measures against illegal chemical trade, particularly at Kim Bien Market in District 5.
The Agro Nutritional Joint International Stock Company (Anco) became a strategic partner of the Vietnam Meat Industries Limited Company (Vissan) after winning an auction on March 24.
Architectural features of the more than 100-year-old Saigon Tax Trade Centre will be preserved when the centre is torn down to build a metro line and a 40-storey office and hotel complex.
HCM City-based consumer companies have completed plans to produce enough goods for Tet (Lunar New Year), which falls on February 8 next year, according to the city Department of Industry and Trade.
Nguyen Thi Hong, Deputy Chairwoman of the Ho Chi Minh City People’s Committee, met with Dutch Vice Minister for Agriculture Hans Hoogeveen on October 29 to discuss ways to enhance agricultural ties between the City and the Netherlands.
Ho Chi Minh City has appealed to the Republic of Korea (RoK) for investments in infrastructure modernisation, the support industry, high technology, personnel development, labour cooperation and environmental protection, the Saigon Giai phong newspaper reported.