VOV.VN - Despite heavy rain hitting the capital on the morning of April 23, plenty of shops and eateries in Hanoi reopened following the end of the government's social distancing measures aimed at preventing the spread of the novel coronavirus.
Analysts of VnDirect Securities believe that the ban would have big impact on the Chinese telecom equipment manufacturer, but the Vietnamese smartphone market will not be affected much.
In Vietnam, Nhat Cuong and other chains belong to the second-tier group of distributors which sell both official and unofficial imported products, the two segments in the Vietnamese distribution market.
More corporations are buying shares in enterprises in the same business fields in an effort to become the dominant players in the market.
With average annual growth rate of 10 percent and revenue of $150 billion in 2018, the Vietnamese retail market is full of potential, especially for convenience stores.
The prices of some smartphones reached a record high in the year, while shakeups occurred in the industry among leading players.
The State Bank of Vietnam (SBV) has issued a decree asking businesses to enhance customer information privacy after an alleged breach of mobile retail chain The Gioi Di Dong (Mobile World) revealed personal information of more than five million customers.
Contrary to all predictions, BPhone 3, or the third generation of BPhone, a made-in-Vietnam product of BKAV Corporation, has been praised by domestic experts, who criticized BPhone and BPhone 2.
Businesses’ budgets for online advertising are exceeding the budget allocated for television commercials as online ads, empowered with AI and Blockchain, have advantages.
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.
More and more investments have been seen in the pharmaceutical industry, from production to distribution.
Giant retailers who have been eyeing the drug retail market for years have finally joined the game with ambitious plans to remap the market.
IPhone X products are still selling like well in Vietnam, though international media report that poor sales because of its high price, about US$1,000.
The Vietnamese drug market, valued at US$5.2 billion, is attracting more foreign investors and multinationals.
The Gioi Di Dong (Mobile World) Co. Ltd. on January 3 officially finished the acquisition of Dien May Tran Anh (Tran Anh Digital), giving it the ownership of an over 90% stake at Tran Anh.
Vietnam has returned to sixth place among the 30 most-attractive retail markets in the world this year according by A.T. Kearney, thanks to the expansion of convenience stores and mini-marts and the increase in use of technology in the industry.
Having smaller charter capital and not being as well-known as big companies like Hoa Phat and The Gioi Di Dong, smaller companies still can make fat profits and become ‘kings’ in their business fields.
Mid-range smartphones are offering affordable prices and attractive features as manufacturers prepare for competition in the market segment.
In the race to conquer the pocketbooks of consumers, delivery services are the ‘trump card’ for retailers.
Retailers have geared up to spend trillions of dong to expand their networks as more powerful foreign retailers enter the market.