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VIETNAM BUSINESS NEWS JUNE 3


VIETNAM BUSINESS NEWS JUNE 3
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 03/06/2021
  
12:20
GMT+7
 Stock market hits historic peaks
Vietnam’s benchmark VN-Index rose 3 points on June 3 to reach a record-high of 1,340.78 points.
Liquidity on the Ho Chi Minh Stock Exchange (HOSE) also posted a new record of nearly 26.14 trillion VND (1.13 billion USD).
The southern bourse saw 222 codes rising, 187 codes declining, and 49 remaining unchanged.
The HNX-Index on the Hanoi Stock Exchange, meanwhile, rose 3.58 points to 322.05 points, also a new high.
Liquidity stood at more than 4.41 trillion VND. It had 112 codes increasing, 79 declining, and 80 staying flat. ....

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Japan retailers expand in Vietnam as Korean peers retreat

While Japanese retailers are expanding in Vietnam, their Korean peers appear to be shrinking their presence in the Southeast Asian country amid the fierce competition, which is partially coming from local players. E-mart, South Korea’s largest retailer, is selling its business in Vietnam to Thaco, one of the country’s biggest private conglomerates and also a leading player in the local auto market. ....

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7-Eleven Franchisees Renew Call for Relief From 24-Hour Mandate


7-Eleven Franchisees Renew Call for Relief From 24-Hour Mandate
7-Eleven Franchisees Renew Call for Relief From 24-Hour Mandate
Following a request in early May, the National Coalition of Associations of 7-Eleven Franchisees again asked 7-Eleven Inc. to reconsider a mandate that all stores return to 24-hour operations on May 24 following a shortening of hours due to the pandemic. The coalition also cited the current pandemic-related labor shortage industrywide and throughout the retail and service industries. NCASEF the advocacy group for 7-Eleven franchisees comprised of 41 independent franchise owner associations collectively with more than 4,400 members has cited “a crippling labor shortage, higher operating costs, lower gross margin and lower net profit” as reasons why franchisees should be granted a waiver from returning to overnight operations. ....

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