VOV.VN - Vietnam’s fruit and vegetable exports to Thailand reached US$57.8 million during the opening four months of the year, a staggering a year-on-year rise of 244.1%, according to the Import and Export Department under the Ministry of Industry and Trade.
Thailand-based conglomerate Central Group, through its subsidiary, has taken the control of the Vietnamese electronics retailer Nguyen Kim.
As one of the most dynamic economies in the region, Vietnam’s young retail market has great potential as it is increasingly more competitive and attractive to foreign investors, said Trang Le, head of Research and Consulting Services at JLL Vietnam.
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.
VOV.VN - Domestic enterprises have been urged to take a more proactive approach when seeking ways to make inroads into the Thai market by gaining insights into market demand and food and hygiene standards to devise a proper long-term development strategy.
VOV.VN - Vietnamese Goods Week in Thailand opened at the Central World mega-shopping complex in Bangkok on September 18, with the aim of promoting several of the nation’s high-quality products and traditional cuisine to new Thai customers.
Billions of dollars worth of Vietnam’s products are exported via large global retail chains, but these products must adhere to strict requirements to be accepted by supermarkets.
Central Group, which owns Big C Vietnam, has changed its mind about suspending local apparel procurement, saying orders would resume immediately.
A programme to introduce specialties of the northern mountainous province of Yen Bai kicked off at the Big C Thang Long supermarket in Hanoi on November 30.
The ‘Vietnam Goods and Tourism Week in Thailand 2018’ officially kicked off on August 22 in Bangkok, displaying a wide range of Vietnamese products with high export potential.
VOV.VN - The Luc Ngan Lychee Week is being held at BigC Thang Long in Hanoi from June 13-20, aiming to promote the special fruit of Luc Ngan district, Bac Giang province to Hanoians.
The training workshop “Assisting Vietnamese Enterprises’ Participation in Foreign Distribution Networks” took place in Hanoi on May 8, gathering 180 exporters from northern provinces.
Retail goods and services generated revenues of nearly VND1.4 quadrillion (US$63 billion) in the first four months of 2018, a year-on-year rise of 9.85%.
The landfall of foreign e-commerce giants arriving to Vietnam is not only a threat for traditional retailers but also an opportunity to streamline and improve their operation methods.
Thailand's Central Group is planning to spend 200 billion THB (around 6.3 billion USD) on expanding domestic and overseas retail networks and hotels in the next five years, with Vietnam named as a prioritised market.
The expansion plans in Thailand and Vietnam will raise the revenue of Central Group, Big C’s parent company, by 14 per cent this year.
Thai tycoons have been seeking business opportunities in Vietnam's beverage, retail and construction materials markets over the past five years in a bid to take advantage of the country's 95 million population and expanding middle class, according to experts.
Vietnamese food producers need to focus on improving product quality, invest in new technologies and build brands to meet consumer demand and increase export value, experts said at the Vietnam Food Forum held in HCM City on November 16.
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.