VIETNAM BUSINESS NEWS MAY 19 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/05/2021 10:50 GMT+7
Foodstuff prices rise, pose inflation threat
A supermarket in HCM City. With the costs of materials needed for foodstuffs rising, businesses are finding ways to cut costs so that they can keep prices steady. Photo nhandan.com.vn
Prices of foodstuffs have been increasing due to rising costs of raw materials.
Do Van Khuol, supply director of Saigon Food Company, said the cost of both domestically sourced and imported inputs have risen, including those of rice and seafood, whose output has fallen.
Retailers enduring mixed bag of results
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Retailers enduring mixed bag of results 08:00 | 17/03/2021
While a number of brands are fading away in the Vietnamese retail landscape, others have stepped up their game to expand their market share.
Despite last yearâs woes, retailers are pressing on with plans to grab more market share. Photo: Le Toan
After 22 years of operating in Vietnam, in early March, leading Thai retail group Central Retail officially announced the removal of the Big C brand, renaming its stores to GO! or Tops Market, which it uses across Thailand.
âThis is part of our rebranding plan,â confirmed a representative.
Five years ago, Central Group forked out more than $1 billion for the Big C chain. However, despite accelerating growth in the retail market, Central Retailâs performance in the country began to slip after the deal. Most of the key branches in big cities reported a decrease or no growth in revenue.
VIETNAM BUSINESS NEWS FEBRUARY 11 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
11/02/2021 22:06 GMT+7
Ministry to boost trade defence measures in line with int’l commitments
Workers loading coils on trucks at a steel mill in northern Viet Nam. An early warning system on trade remedy risks for certain exports will be completed this year so that enterprises can gear themselves up early. Photo baodautu.vn
As trade protectionism is forecast to grow further around the world in 2021, the Ministry of Industry and Trade (MoIT) is set to step up trade defence measures in accordance with international law and commitments.
Vietnam 02 Apr 2021
Customers shop for food at a newly-opened Finelife Supermarket Urban Hill in Ho Chih Minh City. - Vietnam News/ANN Hanoi, Feb 7 (Vietnam News/ANN): The local retail market is forecast to grow at a double-digit rate in 2021, so domestic retailers have rushed to open new stores across the country to expand their market share since the beginning of the year.
Finelife - the high-end supermarket system of Saigon Co.op - opened its fourth store in HCM City’s District 7.
The store, named Finelife Supermarket Urban Hill, stocks more than 17,000 local and imported organic products like fresh and processed foods, cosmetics, deli foods, fruits, vegetables, beverages and more.
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