Quality fruit fetch premium prices

Customers choose fruits at the Big C Supermarket on Ha Noi's Tran Duy Hung Street. Quality concerns have consumers willing to pay higher prices for fruits at supermarkets. — VNS Photo Thai Ha by To Nhu HA NOI (Biz Hub) — Higher prices do not discourage or disappoint Tran Thi Van Oanh when she buys fruits from supermarkets. Oanh, who is with the Viet Nam Women's academy, knows that she can get the same fruit for much cheaper in the wet markets or street vendors, but she is willing to pay the price for knowing she is getting a good quality product. "For example, a big pomelo is sold for VND 200,000 (US$9) in the super market, while I can get the fruit for just one-third that price in the wet market. But I prefer to buy it in the supermarket as the quality is much better," she said. Oanh's attitude exemplifies growing demand for high quality Vietnamese agricultural produce and products among well-off consumers in Ha Noi. Nguyen Thi Hau, deputy director of Nhat Nam … [Read more...]

Obstacles block formation of supermarket joint venture

Hapro Mart is popular in Ha Noi. — File Photo

HA NOI (VNS) — Domestic retailers have failed to forge an alliance to compete with foreign rivals, experts have said. Four large domestic retailers - Satra, Hapro, Phu Thai and Sai Gon Co-op - planned to build a large retail group, VDA, with a strong trademark that could compete with foreign trademarks and would be the driving force in the local retail industry. However, the plan fell through for many reasons. Pham Dinh Doan, Phu Thai Group chairman, told Thoi bao Kinh Doanh newspaper that the greatest challenge had been acquiring land and infrastructure. Establishing the alliance required support from the government. In addition, the state should provide support for logistics services to the group because these services are poor in the domestic market, stated Dinh Thi My Loan, chairwoman of the Association of Viet Nam Retailers. Therefore, the group has planned to build a logistics system to complete the supply chain in the domestic retail market, but the group has faced … [Read more...]

Hanoi encourages use of environment friendly bags

Shopkeepers in Dong Xuan market mobilized to use paper bags (Photo: VNA)(CPV) - In order to communicate to all people the harmful effects of plastic bags on the environment, thereby raising awareness of the units, organizations and individuals of environmental protection, Hanoi directs the departments, sectors, districts and related agencies to promote the implementation of a program restricting the use of plastic bags, for the sake of the environment, and replacing them with environment friendly bags in daily life. Under the plan, from now until the end of the year, Hanoi will focus on directly communicating to pupils of primary schools and students of universities at six locations of Nam Thanh Cong primary school, Hoang Dieu primary school, Dich Vong A primary school, Foreign Trade University, National Economics University and University of Transport and Communications. At the locations, pupils and students will be introduced to and offered environment friendly bags which can … [Read more...]

HCM City’s inflation slows in October

A woman checks the products at a Hapro Mart store.

HCM City's consumer price index (CPI) this month increased by 0.18 percent over last month, according to the municipal Statistics Office. The increase was lower that the CPI rise of 0.45 percent for October 2010, the office said. This contributed to a rise of 14.69 percent from the beginning of this year and 18.55 percent for the same period of last year. In the last two months, there has been a big price hike in the education sector, up 2.16 percent because school fees rose between 0.42 percent and 7.13 percent depending on the grade. This was followed by medicine and health services, up 1.11 percent; household appliances, up 1.1 percent; and catering services, up 0.06 percent. But prices for houses, electricity, tap water, fuel and building materials declined 0.8 percent. Transport also fell 0.27 percent, 0.4 percent for post and telecom services and 0.3 percent for other goods and services. To help curb inflation, Ho Chi Minh City's authorities require enterprises to supply … [Read more...]

Building Trade Centre, Supermarket System in Hanoi: In Need of Stronger Drives

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Markets & Prices Last updated: Friday, January 25, 2013 Building Trade Centre, Supermarket System in Hanoi: In Need of Stronger Drives Posted: Thursday, June 16, 2011 In 2010, the total turnover of goods and service revenues in Hanoi reached VND885 trillion, accounting for 80 percent of retail sales in the north of Vietnam. This result was significantly contributed by trade centres and supermarkets in the capital city. Big names like Vincom, Intimex, Hapro Mart and Metro have become gradually familiar to consumers and created a new shopping style and trend for the citizens. However, the development of trade centre and supermarket system in the city still exposes numerous weaknesses like limited presence, small area and inconsistent quality. To deal with such limitations, Hanoi will build an additional 350 supermarkets and trade centres from now till 2020 - a five-time increase from now. This is a challenging target for Vietnam and it requires consistent and effective policies … [Read more...]

Local confectionery goods a hit for Tet

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Consumers are turning their back on generic imports instead choosing more expensive local goods as Tet approaches. Prices of confectionery products increase by 30% At present, Vietnamese-branded confectionary products account for 90% at big supermarkets in Hanoi like BigC, Fivi Mart and Hapro Mart. Prices of these products have increased by 30% against last year. Mrs. Ha from Dich Vong Ward, Cau Giay District, said, "Currently imitation products are flooding the market and it is not easy to distinguish them with true products, therefore, I think that spending more to buy good products, particularly Vietnam's high-quality products, is safer for our health." Mrs. Hoa, owner of a shop on Son Tay Street, shared that the limited supply has pushed the confectionery prices up. In addition, wholesalers did not build up reserves of the products this year due to rising costs. Also, fees for labourers and transport are higher than previous years. Jam products this year mostly have … [Read more...]

Campaign to cut plastic bags use

Sunday without Plastic Bags programme aiming to reduce the use of plastic bags (for illustration only. Photo: etieudung)

A programme aiming to reduce the use of plastic bags has been launched by the Hanoi Department of Environment and Natural Resources. The plan will be deployed widely throughout the capital, which will include all 10 districts, 18 suburban districts and one town. The programme, Sunday without Plastic Bags, will kick off next August 1 at Ho Tay Waterpark, Hanoi. Leaders from the State, representatives from enterprises and foreign organisations, volunteers and the public will join in the campaign condoning the use of plastic bags. Other activities will be organised including a walk around West Lake and a bicycle ride for the environment. On the occasion, environmentally-friendly bags will be distributed for free at grocery stores, outdoor markets and department stores in the city. People can also receive the utility bags if they exchange their waste paper at the organising board's outlets. Students will volunteer to ride bicycles on August 1 during the month of August to … [Read more...]

Hanoi to cut plastic bags use

A programme aiming to reduce the use of plastic bags has been launched by the Hanoi Department of Environment and Natural Resources. The plan will be deployed widely throughout the capital, which will include all 10 districts, 18 suburban districts and one town. The programme, Sunday without Plastic Bags, will kick off next August 1 at Ho Tay Waterpark, Hanoi. Leaders from the State, representatives from enterprises and foreign organisations, volunteers and the public will join in the campaign condoning the use of plastic bags. Other activities will be organised including a walk around West Lake and a bicycle ride for the environment. On the occasion, environmentally-friendly bags will be distributed for free at grocery stores, outdoor markets and department stores in the city. People can also receive the utility bags if they exchange their waste paper at the organising board's outlets. Students will volunteer to ride bicycles on August 1 during the month of August to … [Read more...]

High prices linger following Tet

The Lunar New Year (Tet) festival is ten days old but the 'imprint' of Tet remains in many products, particularly meat, vegetables and bulbs. Of course, their prices are not as high as before Tet but are still much higher than usual. People are wondering whether they will eventually return to normal or if a new level of prices will be established. Surveys by VOV reporters in Hanoi indicate that the prices of many types of meat, fish, shrimp, vegetables and bulbs doubled or tripled for several days after Tet. But in recent days, the fever has cooled on a number of commodities. In Hoe Nhai market, water dropwort sells at VND7,000 per bundle, a decrease of VND8,000 from the fifth day of the Lunar New Year; kohlrabi, VND4,000 per bulb, down by VND15,000 from the fourth day of Tet; and scallion, VND15,000 per tael, a decrease of VND5,000 per tael. Nguyen Thu Lan, a local grocer, said the scarcity of vegetables came from the fact that farmers will only grow vegetables again after the … [Read more...]

Commodities about to get more expensive, again

As petrol prices have been rising and the minimum wage has increased, commodity prices are being raised in all markets and supermarkets. HCM City has been witnessing a new wave of price increases, with the prices of vegetables having increased by VND1,500-3,000/kg. Cabbage is now selling at VND10,000/kg, while Da Lat-sourced lettuce has nearly reached VND30,000/kg. The vegetable prices have also increased in Hanoi: tops of chayote are selling at VND10,000/kg (up by VND2,000), while spinach VND2,500-3,000/bunch instead of VND1,500-2,000, tomatoes at VND15,000/kg, while it was VND7,000/kg only one month ago. Sugar has also increased in price and is now at VND12-13,000/kg. Hoa, a petty merchant at Ba Chieu Market in HCM City, said that the regular rains have damaged vegetable fields, thus leading to a decrease in vegetable supply. The sellers in Hanoi's markets also said that bad weather had made vegetable prices increase. Meanwhile, supermarkets say that they have received notices … [Read more...]

Domestic retailers vie for market dominance

Vietnam will open its doors to foreign retailers in two weeks' time under its WTO commitments. This is a big challenge to the fledging domestic distribution network, which will vie for the lion's share of the market with financially powerful and experienced groups from overseas. According to Minister of Industry and Trade Nguyen Cam Tu, Vietnam is an attractive market for foreign distributors. But leading global distributors still consider Vietnam to be a more potential market than it is at present in the future since the country has a low GDP per capita (still below US$1,000) and a small-scale market (around US$20 billion in value). So far, only MetroCash&Carry, one of the world's 10 leading retail groups, has decided to invest in Vietnam. Other giants, such as Wal-Mart, Tesco, Target and Costco, have not yet made any plans to penetrate this market. Mr Tu says that only when Vietnam's GDP per capita increases to a certain level, will retail groups decide to pour their investment … [Read more...]

Vietnam’s attractive retail market

The rural markets are closely connected with  the locals.

In recent years the retail market in Vietnam has developed rather strongly, reaching a growth rate of over 20% and is expected to reach 25% this year. The retail turnover was about 37.5 billion USD in 2006, increased to 42.5 billion USD in 2007 and will reach 53 billion USD by 2010. On January 1, 2009, Vietnam will fully open its retail market, which will provide a great opportunity for foreign retail groups to do business in Vietnam , at the same time pose challenges to domestic businesses. Rural market, a traditional "supermarket" The traditional rural market usually opens early in the morning and closes around 9 or 10am. It takes place in the yard of the communal house, in an unoccupied field, or even atop at dyke. There are several rows of thatched roof cottages at the market place. In some richer areas, a few brick houses can be seen. The rural market is always crowded with sellers and buyers and in the past all the products available were locally grown or produced. But with … [Read more...]

Joining efforts to make a breakthrough in retail market

Vietnam will widely open its retail market to foreign businesses on Jan 1, 2009. When this happens, what will domestic businesses do to compete with them? With a population of nearly 90 million, Vietnam is a large market in a region which is considered the most economically dynamic in the world. The country has recorded a high and stable GDP growth rate and its consumption needs are increasing. In 2007, Vietnam's GDP reached 8.4 percent with its trade performance valued at more than US$45 billion. According to latest statistics, total retail services in the first half of 2008 were estimated at VND447.3 thousand billion, or 30 percent higher than the same period last year. This shows that Vietnam has great potential to develop its retail distribution network. However, current retail sales make up only 10 percent of the domestic retail market. Several professional retailers are operating in the country including the Saigon Trade Corporation (Satra) with 40 affiliated units, the Hanoi … [Read more...]

After a week of launching promotional month: Purchasing power surging

Hanoi Times - The promotional month, which has recently been launched for the first time in Hanoi, is a great opportunity for consumers to enjoy various special offers. Besides, producers and service providers have chance to promote and sell numerous products. Nguyen Thai Dung, deputy general director of Big C supermarket says the programme was just introduced a week ago, yet has created an attraction for consumers. Big C supermarket serves between 10,000 and 15,000 consumer arrivals each day o­n average. Given that number of consumers, Big C's sales are expected to increase 30% over its average monthly figure. So as to attract consumers, during this promotional month, Big C introduces many different attractive programmes such as a 1-10% price discount for over 300 essential items including food, foodstuff, cosmetics, and household utensils…from September 9 to December 31. In addition, prices of cooking oil and milk will stay unchanged until October 31. According to Tran Manh Canh, … [Read more...]

Buoi Market put into operation

Photo: NLD Buoi Market and Hapro Mart on Feb, 7 were unveiled by Cho Buoi Joint Stock Company. The construction of Buoi Market was started in 2003 in accordance with standards of grade 1 market on an area of 7,000m2. At present, the first phrase of the project has been completed at a cost of 25 billion VND with 3 buildings, 3 storeys each, on an area of 7,800m2. The market has 521 kioks and a supermarket Hapro Mart on an area of 2,000m2 with more than 20,000 commodities. From now till the end of the year, the second phrase of the project will be carried out on an area of 2,000m2. This area will be a green market to supply fresh food-stuff to people. Source: HNM Translated by Hoang Anh … [Read more...]

Hanoi Trade Corporation sets plan for 2007

Photo: VNN. In 2006, the Hanoi Trade Corporation's turnover reached 4,500 billion VND, up by 10%, and its export turnover alone was 87 million USD, an increase of 11.8% over the planned target. The corporation contributed 279 billion VND to the State budget. Thanks to the improvement of product structure, the Corporation's products are present in 60 countries all over the world. The Hanoi Trade Corporation has been developing a network of Hapro Marts to expand the domestic market. This year, the corporation plans to obtain the turnover of 5,123 billion VND, an increase of 16% compared to last year, while export turnover is expected to reach 98 million USD. Source: Hanoimoi Translated by Vu Hung … [Read more...]

The Successfulness of Distributors in Vietnam

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The year 2006 marked a milestone in the development of Vietnamese distributing companies. Domestic distributors contributed 30 per cent of the total retail and social service in 2006, or VND580,710 billion, representing an on-year increase of 20.9 per cent. Scale expansion In 2006, the member of distributing companies more than doubled that in the 2000-2004 period, from nearly 14,100 companies to nearly 28,600. Notably, the number of wholesalers and retailers rose nearly 170 per cent and roughly 50 per cent, respectively. Especially, from now until the Lunar New Year (mid-January), Vietnam will have some additional 15 trading centres with an individual area of 10,000 square metres upward and around 30 convenience stores, which will be operated by renowned distributors. For example, Co.op Mart and Vinatex Mart are planning to scale up businesses for many years to come to edge up their competitiveness. Co.op Mart, with an annual revenues of VND5,000 billion (US$312.5 million) … [Read more...]

Hapro Mart supermarket chain opened

Hapro (Hanoi commerce Corporation) on Nov.11 opened a chain of Hapro Mart supermarketsand announced Hapro Mart trademark to celebrate APEC 14 th and Vietnam's accession to the World Trade Organisation (WTO). 2 supermarkets, 18 convenience outlets and 14 specialized shops are regarded as a beginning of the nationwide development strategy for Hapro Mart between 2006 and 2010. It is supposed that Hapro Mart will supply 20,000 products to meet consumer demand. In the first quarter of next year, Hapro will open another 50 outlets and specialized shops, and proceed the franchise procedures in order to broaden the company's network, making it become one of major retailing sale systems of Vietnam. Source: Hanoimoi Translated by Hoang Anh … [Read more...]