More foreign retailers have flocked to Vietnam as they believe the market is promising. But many retailers have had to leave because of stiff competition.
Warm bilateral ties coupled with significant spending by the Republic of Korea on farm produce imports are creating great opportunities for Vietnamese exporters.
Vietnamese customers’ rapidly changing needs and expectations and lower spending on fast moving consumer goods (FMCG) are the biggest challenges to the sector, according to a new report released by consumer and retail research company Kantar Worldpanel.
Dak Nong will organise a programme on July 18-23 to promote avocados, a specialty fruit of the Central Highlands province.
VOV.VN - There was an increase in imports of most products from Japan during the first five months of this year, with coal skyrocketing to US$3.24 million, 134 times higher than its previous level.
The number of cars imported last month marked a 45.6% increase over May this year, according to the General Department of Vietnam Customs.
The Vietnam Association of Motorcycle Manufacturers (VAMM) has reported that its members sold 783,940 motorbikes of all kinds in the second quarter of 2018, up 6.1% against the same period last year.
The State Bank of Vietnam (SBV)’s recent response to the continuous rise of USD prices has demonstrated its readiness to make an intervention in order to stabilise the foreign exchange market.
Condominium property prices remained fairly stable during the first half of 2018, with under 2% in fluctuations.
The condominium market for sale showed signs of slowing down in the second quarter of this year, said Nguyen Hoai An, director of CBRE Vietnam’s Hanoi branch at a recent press conference to report on the capital city’s real estate market in the second quarter of this year.
Tran Minh Tien, owner of a shop in the southern province of Long An, said he sells some 10 kinds of goods made from natural and environment-friendly materials such as grasses, bamboo and coconut fibre, replacing products made from plastic.
The prices of oil and petrol were kept unchanged following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance on July 7.
Mollis organic towels of Phong Phu Corporation have received “very good response” in the market after being launched last year, a sign that premium products are becoming more popular in Vietnam.
VOV.VN - After seeing a decline in April, steel exports rebounded by 5.6% to US$251.9 million in May, bringing the total export value in the first five months of 2018 to US$1.1 billion, a year-on-year rise of 39.9%, according to the General Department of Vietnam Customs.
Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the second quarter of 2018, accounting for 23.08% of the brokerage market share, according to the Ho Chi Minh City Stock Exchange (HoSE).
VOV.VN - Vietnam’s seafood exports to the Middle East and Africa last year reached US$254 million and US$95.2 million, respectively, according to the Asia-Africa Market Department (AAMD) under the Ministry of Industry and Trade.
Dairy giant Vinamilk’s products have hit supermarket shelves in 43 countries and territories across five continents.
VOV.VN - Around 20 tons of Bac Giang lychees have been exported to Russia to serve the 2018 FIFA World Cup market this year, according to the Bac Giang provincial Department of Industry and Trade.
VOV.VN - This year, Vietnamese lychees have been exported to more than 30 countries and territories around the world, including Australia, a fastidious market for many types of fresh fruit.
VOV.VN - Although exports of cassava and cassava products saw strong growth over the first five months of this year, exports to China dropped 25.4% to just 1.1 million tons, according to the General Department of Vietnam Customs.