Vietnamese retailers seek way to win on home turf

A fierce competition is expected to occur in the nation's retail market when V ietnam is to fully open its retail market in 2015, according to radio The Voice of Vietnam (VOV). When the gloves come off, tens of thousands of goods from ASEAN member countries will be duty free, which is certain to lead to intense price competition as competitors aim to get the lion's share of the country's 90 million consumer market. However, in the lead up to January next year, foreign retailers seem to be … [Read more...]

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Vietnam retailers revving up their competitive edge

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(VOV) - In a move certain to unleash fierce competition in the nation's retail market, Vietnam will fully open it to foreign retailers as of January 2015, in line with World Trade Organisation (WTO) commitments. When the gloves come off, tens of thousands of goods from ASEAN member countries will be duty free, which is certain to lead to intense price competition as competitors jockey to get the lion's share of the country's 90 million strong consumer market. However, in the lead up to January … [Read more...]

Vietnamese goods struggle to compete in local market

The Vietnamese-To-Use-Vietnamese-Goods campaign plays an important role in building a consumer culture that learns to purchase Vietnamese products and manufacture more Vietnamese goods of high quality. However, there remains many challenges in serving the local market and in exporting locally made goods. Business insiders and policy-makers have to seek solutions to handle these challenges. It is reported that at least 80-90 percent of Vietnamese goods are now on the shelves of many … [Read more...]

Vietnamese goods struggle to compete

HA NOI (VNS) — The Vietnamese-To-Use-Vietnamese-Goods campaign plays an important role in building a consumer culture that learns to purchase Vietnamese products and manufacture more Vietnamese goods of high quality. However, there remains many challenges in serving the local market and in exporting locally made goods. Business insiders and policy-makers have to seek solutions to handle these challenges. It is reported that at least 80-90 per cent of Vietnamese goods are now on the shelves of … [Read more...]

Local spending remains modest

A woman shops for goods at an Intimex Supermarket in Ha Noi. Consumer spending rose 5.1 per cent in the first quarter of this year reaching US$33.4 billion, up 10 per cent over the same period last year. — VNS Photo Doan Tung

HA NOI (Biz Hub) — Consumer spending rose 5.1 per cent in the first quarter of this year reaching US$33.4 billion, up 10 per cent on the same period last year, the General Statistics Office (GSO) announced yesterday. In March alone, consumer spending reached $11 billion, rising 2 per cent on the previous month. However, not all welcomed the news, with GSO economist Vu Manh Ha describing the 5.1 per cent increase as a modest gain compared with the previous years. Consumer spending was 5.0 per … [Read more...]

Firms rush to export rice despite limitations

by Thien Ly According to a recent report by the Ministry of Industry and Trade, there has been a sharp increase in the number of companies seeking a licence to export rice. This race to rice export has placed many food companies in a risky situation and State management agencies in difficulty. There are 100 companies in the country meeting the necessary requirements for a rice-export licence stipulated in the Government Decree 109, and 40 others that can possibly meet them. The stipulations … [Read more...]

Phuong Dong Hotel

With professional and experienced staff, Phuong Dong hotel is an ideal choice of honored guests when you visit Nghe An - homeland of Ho Chi Minh, national liberation hero.

Located in the center of Vinh city, on 1A National Highway, Phuong Dong hotel is the 4 star hotel which is considered as the most beautiful and modern in the North Central of Vietnam. Phuong Dong is the 4 star hotel in Vinh City with 177 comfortable luxurious rooms which all have the view of whole city. It has a special situation which is opposite to Ho Chi Minh Square, Central Park and Intimex Supermarket. From here you can see the majestic Hong Linh mountain and the romantic Lam river. … [Read more...]

BUSINESS IN BRIEF 9/7

VNA, Rolls-Royce in talks over aircraft engine deal Vietnam Airlines (VNA) and Rolls-Royce are in talks over the national flag carrier's plan to buy engines for 14 Airbus A350 aircraft, heard a meeting on Thursday between the Ministry of Transport and Rolls-Royce CEO John Rishton. At the meeting, the transport ministry also mentioned VNA's plan to purchase engines for 19 Boeing 787 aircraft and invited Rolls-Royce to join the bidding. Rishton expressed interest in this plan, describing it as … [Read more...]

Sales at supermarkets slow due to high prices

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Supermarkets are likely to increase prices of many products following recent increases in overhead such as worker pay and petroleum, causing worries among operators that the price hikes may slow sales. Food prices in many traditional markets have also been on the increase According to Vu Vinh Phu, Chairman of the Hanoi Supermarkets Association, including both recent rises in petrol, one litre of petrol is now VND1,000 more than before. Since most goods bought in supermarkets are transported … [Read more...]

Activities on occasion of “Children’s Festival”

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At recreation, shopping facilities in the province, preparations for toys, entertainment shows, contests are being actively made to serve the children on the 1 June International Children's Day. An employee of Hai Duong Big C Supermarket's bread stall guides kids to make bread before participating in the "Kids become tiny bakers" contest on 1 June The International Children's Day 1 June is coming round; the employees of Hai Duong Big C Supermarket are busy preparing tools, toys and staging … [Read more...]

Intimex Supermarket’s sales increases nearly 20%

From the beginning of the year to the end of April, the Supermarket's sales obtained from VND150 to 200 million/ day, an increase of nearly 20% over the same period last year. From the beginning of the year to the end of April, the Supermarket's sales obtained from VND150 to 200 million/ day, an increase of nearly 20% over the same period last year, according to a representative of leaders from Intimex Supermarket (Hai Duong). On the occasion of the holidays 30 April and May Day, the … [Read more...]

Fear of Loss Puts Brake on Divestment

Many State-owned enterprises (SOEs) in Vietnam are in a deadlock when they divest from non-core businesses because the order coupled with the divestiture is that they have to guarantee book values. Businesses bemoan difficulty At the request of the Vietnamese Government, SOEs must complete divestment from non-core industries from now to 2015. It is just over two years from the deadline but many giant firms find it very hard to execute the order which requires State capital preservation from … [Read more...]

Hanoi moves to protect consumer rights

(VOV) -The Hanoi People's Committee on March 6 launched an action programme for consumer rights in response to the "World Consumer Rights Day" (March 15). Southern hub endeavours to protect consumer rights Hanoi protects consumer rights The programme's highlight is a month-long campaign promoting Vietnamese goods. Taking part in the campaign, major retailers such as Hapro, Big C, Coopmart and Intimex supermarket chains, and Pico electronics supermarket chain have set up a total of 105 … [Read more...]

Stabilization of essential goods prices during Quy Ty Lunar New Year

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Hai Duong Trade and Industry Department and enterprises are actively deploying the program to stabilize prices of essential goods during Quy Ty Lunar New Year. This is the first year our province implements this program. Five groups, items of goods are included in price stabilization: rice, RE sugar, cooking oil, frozen processed seafood, processed foods from pork and beef. The businesses involved in the plan of price stabilization are granted interest-free loans during program … [Read more...]

Tet purchasing bustles amid economic recovery

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Surrounded by shelf upon shelf of brightly colored candy boxes, Tran Quynh Hoa's shopping cart was already full. A woman walks at the shopping quarter in Ho Chi Minh City downtown. … [Read more...]

New law expected to increase food safety

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VietNamNet Bridge - Food production establishments and processors will be required to implement advanced food safety management systems to ensure food safety under the new safety bill. Under the law, which will take effect in July next year, food safety management systems such as the Good Management Practice (GMP), Good Agricultural Practice (GAP), Good Hygiene Practice (GHP) and Hazard Analysis and Critical Control Point standards could be applied, said Director of the National … [Read more...]

Golden promotions boost sales

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The golden promotion weekend tripled the number of customers at supermarkets and shopping centres in Ha Noi, bringing a sudden increase in revenue to enterprises. The customers on the final day increased 20-30 per cent from the previous day, said Deputy General Director Nguyen Trong Tuan. … [Read more...]

Vice State President received international Olympiad medal-winning students

Vice State President Nguyen Thi Doan and students  (Photo source: VNA)

On November 2, at the Presidential Palace, Vice State President Nguyen Thi Doan, received a delegation of 41 students who won medals at the International Olympiad or achieved an excellent score in their university entrance exam 2014. The students will participate in a ceremony honouring their achievements in the evening of November 3 to be broadcast live on Vietnam Television. The event is being held by the Ministry of Education and Training in coordination the Joint Stock Commercial Bank for … [Read more...]

Former United striker Dwight Yorke to visit Vietnam this weekend

The Trinidad & Tobago international, 42, will also participate in an online talk with readers of

Dwight Yorke, the former star striker of English Premier League giants Manchester United, will be in Ho Chi Minh City on November 8 and 9 to support a football (soccer) tournament organized by the Bank for Investment and Development of Vietnam (BIDV). Tuoi Tre (Youth) newspaper from 3:00 pm to 4:00 pm (Vietnam time) on November 9 at www.tuoitre.com.vn. … [Read more...]

Social News 3/11

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Annual run raises funds for kids with cancer, heart disease Thousands of Hanoians are expected to participate in a run that will raise funds for underprivileged children with cancer and heart diseases. The annual Ha Noi Run for Children (HRC) on November 9 will begin at the main gate of the Thong Nhat (Reunification) Park on Tran Nhan Tong Street, and go around Thien Quang Lake. Launched by the Embassy of Canada and other agencies, the HRC fundraising event is now considered a fall tradition … [Read more...]