The rise of local retailers via mergers and acquisitions is expected to balance Vietnam’s retail market, which had been dominated by foreign investors.

VOV.VN - Japanese business publication Nikkei Asia has published an article outlining how SK Group of the Republic of Korea (RoK) is striving to transform VinCommerce into another Amazon and is poised to bet big on the Vietnamese market of 100 million consumers.

VOV.VN - Korean supermarket chain Lotte Mart has announced the closure of one of their three outlets in Hanoi, starting on July 1, as part of an ongoing shift in their development strategy in Vietnam.

Major players in the Vietnam’s cinema industry have proposed that film screening to be included in the list of essential services amid the COVID-19 outbreak.

Localities in the Mekong Delta have coordinated with relevant agencies and businesses to ensure the COVID-19 outbreak does not disrupt the supply of essential goods or causes price hikes, and plan to carry out food safety inspections to ensure people can shop safely.

Lotteria, a subsidiary of the Republic of Korea’s Lotte Group, will expand its investment in Vietnam through opening more 28 fast-food stores and building a new food material factory in Long Hau Industrial Park in the southern province of Long An.

Fast-food restaurant chain Lotteria – a subsidiary of the Republic of Korea's Lotte Group – could close its Vietnamese franchise due to tepid performance.

For Vietnamese products to enter foreign distribution channels, it was necessary to be more professional and stable in product quality, said experts.

VOV.VN - Minister and Chairman of the Government Office Mai Tien Dung has once again stated the nation’s readiness to create favourable conditions locally for foreign investors seeking to do business in the country, including those from the Republic of Korea (RoK).

The export of Vietnamese goods via the distribution networks of foreign retailers has proven to be an effective and sustainable channel, Deputy Minister of Industry and Trade Do Thang Hai told a conference in Hanoi on December 17.