Experts have forecast a tough time ahead for the domestic retail, with many store owners struggling to pay rent after being hit hard by the COVID-19 pandemic.
Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14 percent year on year and accounting for 37.2 percent of the newly-established firms of the country, according to the General Statistics Office (GSO).
A recent salary survey by Talentnet shows that the retail, banking, and insurance sectors are the most likely to increase their headcount to support business expansions in 2019.
In the first 7 months of 2018, total FDI-including newly-registered, additional FDI and capital contribution-reached US$22.94 billion, up 4.6% year on year.
Maximising the shopping experience with the help of digital in-store solutions is key for future success in the consumer goods sector, delegates said at a seminar held in HCM City on June 27.
A total of 782,000 people have been offered with jobs since the beginning of this year, according to Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep.
VOV.VN -The development of domestic trade and services based on widespread supply chains is the most proper way to increase competitiveness in the modern market.
A delegation of UNIQLO has just visited to look for investment opportunities in Texhong Hai Ha Industrial Park and discover avenues of co-operation with Hualida Garments Co., Ltd.
HCM City’s retail sector has been growing steadily, achieving an 11.3% increase by the end of 2017 compared to 2016, according to the city’s Department of Industry and Trade.
The Mekong Delta city of Can Tho has posted its highest ever retail revenue of over VND106 trillion (US$4.66 billion) last year, up 10% from 2016.
The total revenue from retail sales and services reached VND3.93 quadrillion (US$174.85 billion) in 2017, surging 10.9% year-on-year, according to the General Statistics Office (GSO).
VOV.VN - Some local Vietnamese companies are fighting back against the encroachment of international brands, said experts at a recent seminar in Hanoi, but are not faring well in the battle.
HCM City’s annual sales promotion month from September until the end of the year is expected to boost retail sales and attract a large number of foreign visitors.
The ministries of industry and trade and finance decided to raise retail petrol prices as from 3 p.m on August 4.
Domestic retailers are facing a lot of challenges and losing market share to foreign rivals due to limited capital, scale and governance skills.
Hypermarkets and supermarkets in Vietnam witnessed negative on-year growth of 0.6% in 2016, according to the latest Winning Omnichannel report, an annual publication on fast-moving consumer goods (FMCGs) conducted by research firm Kantar Worldpanel.
Online retail is expected to continue increasing, as domestic and foreign retail companies are planning to invest heavily in this field.
VOV.VN - With interest rates down and business confidence up – there is no better time to explore the wide range of franchising opportunities in Vietnam, say organizers of an expo that has opened at the Saigon Exhibition and Convention Centre.
While 7-Eleven expands its business in the Vietnamese retail market, Family Mart has decided to stop injecting more money into the chain in Vietnam because of losses.
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.