VOV.VN- Acquisitions worth well over a billion dollars took place this year in retail and banking, and the trend could persist in 2020, experts say.
VOV.VN - Mobile World, the leading mobile phone retailer, has demonstrated its ample capabilities in watch distribution through swift expansion and robust sales from the get-go.
Vietnam's private consumption growth will remain strong, supported by improvements in the labour market as youth unemployment falls, minimum wages grow and lower inﬂation levels prevail, experts forecast.
Vietnam’s street beer and café market is on track to reach a growth rate of 6% in terms of revenue and establish 32,400 selling points nationwide by 2023.
The date for the complete withdrawal of the Ten Ren bubble tea brand in Vietnam is August 15, marking an end of the Taiwanese bubble tea in Vietnam after two years.
Consumer spending is set to soar on the back of the country’s booming economy, which continues to grow at a speedy pace.
Bubble tea has become so popular in Vietnam that some analysts say that it may become as popular to Vietnamese as coffee in the future.
The reliance and need for logistics space was at an all-time high, driven by advancements in the e-commerce sector, according to real estate and investment management services firm Jones Lang Lasalle (JLL).
The proliferation of foreign fast fashion brands in Vietnam is heating up the local sector and drawing in more and more newcomers, which forces local brands to transform and improve their capacity to compete.
As fast food giants Lotteria and KFC report losses despite dominating the domestic market, their attractiveness to customers shows no signs of abating.
Vietnamese brands are still dominating the domestic ice cream market, but foreign companies are following hard on their heels.
More than 80% of the market share for bottled tea, an industry valued at US$1.7 billion, belongs to three big players.
The FMCG sector in Vietnam is predicted to continue to have a growth rate of 20% per annum until 2025.
For the 8X, 9X and 10X generations, “Hey, let’s have a milk tea” has replaced the classic invitation for “A cup of coffee?”.
More than 3 million tons of meat were consumed in Vietnam in 2016, according to Euromonitor. With a value of US$18 billion, Vietnam is the third largest market for meat in Asia, behind China and India.
More and more players have joined the ice cream market recently.
Brewers and pubs are thriving thanks to Vietnamese wine and beer consumption.
Vietnamese packaging firms, especially small and medium sized, have to compete with foreign firms which have advantages in technology and financial capability, and must rely on imported materials.
The local packaging industry is in dire need of more policy support from the Government to unlock its growth potential and capitalize on opportunities from the free trade agreements Vietnam has signed, according to the Vietnam Packaging Association (Vinpas).
By 2017, Vietnamese branded goods market may reach US$2.7 billion in value, according to Euromonitor International.