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Vietnam needs strategy to promote local trade

Vietnam needs strategy to promote local trade

Vietnam lacks an overall strategy to promote the sustainable development of domestic trade in the context of deep international integration, heard a conference held in Hanoi on December 18.

Private label segment on the rise among local retailers

Private label segment on the rise among local retailers

As the consumer demand increases, retailers are leveraging the private label market as a critical strategy to differentiate their brands in what is considered an inevitable sub-trend in the spread of modern retailing across the country, despite private labels thus far only occupying a small proportion of the Vietnamese retail market.

Regional retailers run fast, Vietnamese inch forward

Regional retailers run fast, Vietnamese inch forward

While other regional countries have made big leaps in developing their retail industries, the achievements gained by Vietnam have been modest in the last 10 years since Vietnam joined the WTO.

Vietnam business leaders losing battle to become competitive

Vietnam business leaders losing battle to become competitive

VOV.VN - Private sector small businesses in retail and manufacturing are not demonstrating an ability to effectively compete in the international marketplace, says Dinh Thi My Loan, chair of the Vietnam Retailers Association.

Vietnam’s e-commerce: opportunities for online trade

Vietnam’s e-commerce: opportunities for online trade

VOV.VN - The Vietnam Online Business Forum opens in Ho Chi Minh City on February 24. Vietnamese and foreign businesses attend the forum to discuss trendy online trade, technology, and business innovations.

Trend of retail mergers growing

Trend of retail mergers growing

The domestic retail market is seeing merger and acquisition (M&A) deals between local retailers and foreign partners to increase competitiveness and ensure international integration, but they still need a specific retail development plan from the State.

Retailers ask government for incentives

Retailers ask government for incentives

The local retail community has asked the Government to develop policies to help the industry compete with foreign counterparts as a more liberal trade environment has intensified competition in recent years.

Vietnamese grocery brands battle for retail shelf space

Vietnamese grocery brands battle for retail shelf space

VOV.VN - With relatively few exceptions, the benefits of globalization have not accrued to grocery retailing, largely because it is a high-fixed cost, low margin business that requires huge upfront capital investment.

Vietnamese prefer to patronize foreign-made goods

Vietnamese prefer to patronize foreign-made goods

VOV.VN - The vast majority of the nation’s consumers say they prefer to purchase foreign made products instead of lower priced local alternatives, according to Dinh Thi My Loan, president of the Vietnam Retailers Association.

Deputy PM encourages digital payments in lieu of cash

Deputy PM encourages digital payments in lieu of cash

(VOV) - Deputy Prime Minister Vu Duc Dam on December 16 encouraged the use of consumers paying for goods and services electronically as a substitute for using cash in a speech at an e-payment forum held in Hanoi.

Retail sector to be modernised

Retail sector to be modernised

(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.

New opportunities for retail industry

New opportunities for retail industry

(VOV) - Expanded retail networks and increased service quality will offer the retail sector a wealth of opportunities for development.