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Foreign retailers come, Vietnamese billionaires struggle to survive


Foreign retailers come, Vietnamese billionaires struggle to survive
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 16/07/2021
  
08:05
GMT+7
The increasing presence of foreign giants has put great pressure on domestic retailers.
A store of Mango in Hanoi.
Philippe Broianigo, CEO of Central Retail in Vietnam, recently stated that in the next five years, the group will invest about 35 billion baht (US$1.1 billion) to expand business in 55 provinces and cities of Vietnam. This year the Thai retail giant plans to disburse $211 million to open four trade centers in Vietnam.
The group owns 37 trade centers and 230 stores in Vietnam. It aims to expand this system to 55 provinces and cities in the next five years, to compete fairly with Vietnam s retail giants. ....

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HCM City to support households with food difficulties during lockdown - Society - Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM City to support households with food difficulties during lockdown - Society - Vietnam News | Politics, Business, Economy, Society, Life, Sports
vietnamnews.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnews.vn Daily Mail and Mail on Sunday newspapers.

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Ho Chi Minh City lifts blockade for essential retail outlets amid COVID-19 spread


Saturday, July 03, 2021, 11:06 GMT+7
This image shows shoppers at a supermarket in Nha Be District, Ho Chi Minh City. Photo: Tu Trung / Tuoi Tre
Vietnam’s business hub Ho Chi Minh City, which has recently topped the country in new daily COVID-19 infections, has allowed many retailers of essential goods to resume operation with strict epidemic prevention rules applied. 
After days of suspension, many traditional markets, supermarkets and shops in the city have welcomed their customers again since Friday, after being confirmed by competent agencies as meeting epidemic prevention and control requirements.
Before business resumption to provide essential goods for the public, these outlets have disinfected their premises and taken other safety precautions under instructions of local health authorities. ....

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