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Customers shop at a supermarket in HCM City. Modern and online shopping channels recorded strong growth last year and will continue to thrive this year. — VNS Photo HCM CITY — Modern and online shopping channels recorded strong growth last year and will continue to thrive this year, according to experts. Lê Hoàng Long, manager of Nielsen Vietnam’s retail chain consulting, said the Covid-19 pandemic has boosted online shopping and more consumers would choose to shop online even after the pandemic ends. “The modern trade channel saw strong evolution last year due to new added chains.” As of December there were around 8,500 stores nation-wide, including 453 supermarkets and 5,566 minimarts with the rest being convenience, health and beauty, drug, and cash & carry stores, he said. There is a fierce competition in the retail market, and so each chain has to identify its strengths to retain competitiveness, he said. “Supermarkets should embrace the model of shopping associated with entertainment. That is the strength of supermarkets compared to others such as minimarts and convenience stores.” He said the customer base is changing, with an increase in the number of customers aged between 50 and 65. “Therefore, supermarkets must make changes in terms of services and goods to meet the needs and experiences of this emerging customer group.” According to the Ministry of Industry and Trade, average retail sales and consumer services revenue per capita increased from VNĐ 19.3 million in 2010 to VNĐ 51.2 million in 2019, accounting for 8 per cent of GDP. E-commerce, supported by electronic payment, has grown especially strongly in recent years, averaging over 27 per cent growth, it said. Nguyễn Phúc Khoa, deputy general director of Saigon Trading Group (Satra), said, “The modern retail market in Việt Nam has great potential for development, mainly thanks to its large population size, a high ratio of young people and an average annual increase of 10.5 …

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Demand for top meat drives funding Demand for top meat drives funding In the midst of the rising demand for quality pork, Vietnam has witnessed growing investment in the clean meat market.  Last week, AVG Capital Partners, a private equity fund from Russia, signed an MoU with Thanh Hoa People’s Committee to develop a $1.4 billion pork processing complex in Nghi Son Economic Zone. With an area of 1,000 hectares, the complex has a designed capacity to produce five million hogs a year. It will boast 43 commercial pig farms and three hybrid pig farms, a mixed feed factory with a capacity of two million tonnes a year, as well as a slaughterhouse and processing plant with a capacity of 600,000 tonnes a year. Phong Quach, head of business development at Ipsos Strategy3 in Vietnam, said that as a general principle, any high-tech investment in agriculture is good for Vietnam. This is because the Vietnamese agricultural sector is still trying to attract more technology that can provide higher output for both the domestic and export markets. The Ministry of Agriculture and Rural Development has identified in its objectives for 2030 that it wants to strive for high-value added agricultural outputs rather than volume. Quach added, “When we take a closer look at different points in the value chain and investments, there are different dynamics in the competition depending on the node we review. The latest investment from AVG Capital Partners is a feed-farm-food (3F) investment encompassing the entire production chain. However, the output capacity of the processing facility is much higher than its supply, with 600,000 tonnes of processed meat against five million hogs a year.” This would suggest that there is still significant opportunity for Vietnamese farms to supply this facility. If AVG Capital Partners is looking to source hogs from Vietnamese farms, this would be a vote of confidence for local farming while epidemics still wreak havoc in the global …

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PM gives Tet present Vietnam football head coach Coach Park Hang-seo The head coach of the Vietnamese national football team, Park Hang-seo has just received a present from PM Nguyen Xuan Phuc for the Lunar New Year Festival.  The head coach of the Vietnamese national football team, Park Hang-seo has just received a present from PM Nguyen Xuan Phuc for the Lunar New Year Festival. Coach Park Hang-seo said that he would come back to work soon and try to work hard to improve the national team’s results. Coach Park Hang-seo arrived in Hanoi on February 3 after a holiday in his home country of South Korea. He was now on a 21-day quarantine period for Covid-19 prevention following regulations from the Vietnamese government. Under the leadership of coach Park Hang-seo, the Vietnamese national football team finished as runners-up at the Asian Football Confederation (AFC) U23 Championship, champions of the AFF Cup 2018, qualified in semi-finals of the 18th Asian Games and made the 2019 Asian Cup quarter-finals. PM calls for strong local COVID-19 response Hanoi, Ho Chi Minh City, Hai Phong, and other major cities where COVID-19 cases have been confirmed should take strong measures to effectively prevent the spread of the pandemic within the community, Prime Minister Nguyen Xuan Phuc said on February 8. Such measures include social distancing in line with the PM’s Directives No 15 and 16 in case of a worsening situation, the PM said at an online meeting of permanent Cabinet members. The Ministry of Health (MoH) pointed out the high risk of the pandemic spreading as there remain sources of infections yet to be detected in major cities, especially in baggage and cargo handling services at HCM City’s Tan Son Nhat International Airport. It reported that all 7,300 employees at the airport have been tested and five of them were positive for the coronavirus. Twenty-four related cases were also found later. The pandemic has been basically contained in …

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