The Vietnamese economy is likely to grow 10% year on year in the third quarter of this year, driven by strong domestic consumption, according to Michael Kokalari, chief economist at VinaCapital, one of the country’s leading investment management and real estate development companies.

Vietnam’s retail sale of goods and services in July is estimated at VND486 trillion (US$20.8 billion), up 2.4% m-o-m, and 42.6% y-o-y, according to the General Statistics Office (GSO).

The innovative Vietnamese digital bank Cake by VPBank has won the Asian Banking & Finance Awards for the Best Core Banking System Initiative – Vietnam at the ABF Retail Banking Awards 2022.

VOV.VN - Central Retail Group of Thailand officially launched the Tops Market Moonlight supermarket in Ho Chi Minh City on July 28.

VOV.VN - With the COVID-19 pandemic finally being brought under control, the Vietnamese retail market is gathering momentum following the recovery of local consumers’ purchasing power and the plans of businesses to expand operations.

VOV.VN - Fast Retailing Group, the parent company of Japanese global apparel retailer Uniqlo, has unveiled plans to expand its business network, promote domestic production, and train talents in Vietnam, including Hanoi capital.

VOV.VN - Central Retail of Thailand are poised to invest VND20,000 billion in the Vietnamese retail market over the next five years, according to Olivier Langlet, general director of Central Retail Vietnam.

VOV.VN - The Ministry of Finance has submitted a proposal to the Prime Minister in a bid to reduce the excise tax and value added tax, in addition to the environmental protection tax, as it seeks control rising petrol prices.

Ho Chi Minh City’s economy has seen a steady revival and is on course to return to pre-COVID levels, Chairman of the municipal People’s Committee Phan Van Mai said on June 29.

With powerful financial resources, big retailers are organizing retail chains that sell a wide variety of lower priced goods.