As one of the most dynamic economies in the region, Vietnam's retail market is attractive for many foreign investors, but it can also be challenging at the same time.
VOV.VN - Local retail businesses should focus on developing their own brands, improving the product quality and diversifying products in order to enhance their competitiveness in the domestic market.
In 2018-2019, Vietnam continued to witness high-value mergers and acquisitions transactions in a variety of sectors, such as food manufacturing, real estate, banking, and retail.
The retailer community last week was stirred up by the news that a Vietnamese enterprise had acquired a famous foreign retail brand just after one month of negotiations.
VOV.VN - Domestic retailers have gained advantages in the retail market in recent times as a number of well-known foreign retail brands have retreated from the sector.
Auchan has left the Vietnamese market. MM Mega Market and Big C have seen revenue decrease. But Aeon Mall and Lotte Mart continue to expand.
For a long time, Vietnam has been considered as a potential retail market thanks to crowded population and strong purchasing power but not every retailer is able to succeed in doing business here.
Auchan Retail Vietnam and Lazada Vietnam, an Alibaba-owned online retailer, has recently signed a memorandum of understanding on strategic cooperation to allow customers to purchase French products online with rapid delivery through Lazada.
The “Un Mois En France” (One Month in France) programme will take place in Hanoi and Ho Chi Minh City from November 1 to December 12.
Foreign supermarkets have stepped up distribution of their products as the retail war heats up.
With farmers still having difficulty selling pigs, many businesses in HCM City have stepped up programmes to stimulate pork demand.
French company Groupe Auchan has stepped into Vietnam’s growing competitive retailing market through its arm AuchanSuper.
Many giant international retail groups such as Auchan, Robinson and Walmart are likely to set up more convenience stores, supermarkets and big commercial centres in Vietnam when the country completely opens its retail market next year, said the Vietnam Business Forum Magazine (VBF).
(VOV) - Modern retail will boom and be a driving force for the development of the country’s retail sector, experts said at a seminar in Hanoi on October 13.