VietNamNet Bridge - The total retail and consumption revenue in Vietnam saw positive growth, with the growth rate higher than GDP growth rate. The number of retail sale points has increased rapidly in the last few years The number of retail sale points has increased rapidly in the last few years. Of these, shopping malls have been growing by 11.3 percent per annum in CAGR (Compound Annual Growth Rate). Meanwhile, the development of traditional markets is slowing down, at 0.9 percent per annum. Since January 2015, 100 percent foreign owned retailers can be established in Vietnam. 100 percent of import tariff lines, i.e, nearly all import products, have been lifted since 2018. The M&A wave in the retail industry in early 2016 has become stronger in recent years. According to VCB Securities, there were only 18 M&A deals in 2005, valued at $61 million, but the figure rose to $10.2 billion in 2017. In 2015-2017, the number of supermarkets, hypermarkets and shopping centers saw … [Read more...] about What awaits Vietnam’s retail industry in 2019?
B s in business
Premier Residences Phu Quoc Emerald Bay offers big promotion for new year 2019The most beautiful spiritual places in northern Việt NamNCB to increase charter capital to over VNĐ5 trillionWhy did Intercontinental Danang Sun Peninsula Resort win the prize “World’s Leading Green Resort 2018"?The organic food market is getting more and more vibrant As Industry 4.0 continues to drive changes in business models, many companies are placing a greater emphasis on creating workspaces that support an open, collaborative and sharing environment, which will lead to improved employee productivity and satisfaction. Campus-style office model at Singapore Science Park Industry 4.0 is changing the role of workplaces As we move towards a more open and connected world arising from Industry 4.0, many companies are recognising the importance of creating an office environment that encourages interaction, collaboration and discussions. Shifting away from the traditional … [Read more...] about DOES THE 4th INDUSTRIAL REVOLUTION NEED TO START IN THE WORKPLACE?
HCM City works to solve difficulties facing property enterprisesThe People’s Committee of Ho Chi Minh City held a conference on November 7 to help local real estate enterprises solve difficulties.Le Hoang Chau, President of the Ho Chi Minh City Real Estate Association, said the local property market faces several bottlenecks affecting enterprises’ business and investment activities, including approval of investment intentions, ground clearance, land use feess, project acquisition, using land funds to pay for Build-Transfer (BT) contracts, and credit and financial procedure issues.The slow settlement of these bottlenecks is one reason for the significant decrease in the supply of real estate products in 2018, which is forecast to continue reducing in 2019, Chau affirmed.At the event, local enterprises shared difficulties facing them during project implementation.Chairman of the municipal People’s Committee Nguyen Thanh Phong admitted that there remain several … [Read more...] about BUSINESS NEWS IN BRIEF 9/11
(VEN) - Things are looking up for foreign-owned investment funds in Vietnam, reflecting the attractiveness of the domestic investment environment and opening up opportunities for Vietnamese businesses to integrate more deeply into the world economy. Tima has raised US$3 million in Series B funding from BRCM Potential Vietnam’s financial marketplace and peer-to-peer (P2P) lending platform Tima raised US$3 million in Series B funding in early October from the Belt Road Capital Management (BRCM), a Greater Mekong-focused private equity fund. As part of the investment, Senior Investment Manager at BRCM Witt Gatchell will join Tima’s board of directors. This is the first investment by BRCM in the Vietnamese market. Prior to investment in Tima, the fund also invested US$1.8 million in Australia’s Digital Classifieds Group (DCG) and US$7 million in Myanmar’s Oway. Gatchell said BRCM decided to invest in Tima as Vietnam is a potential market with a … [Read more...] about Foreign funding fever in Vietnam
Norwegian solar companies seek cooperation opportunity in Vietnam A group of Norway’s leading solar companies attended a Norwegian Solar Seminar in Hanoi on October 15 to look for cooperation opportunities with local partners in the solar energy sector. The event is co-organized by Royal Norwegian Embassy and Power Engineering Consulting Joint Stock Company 1 (PECC1), under the Electricity of Vietnam (EVN) with the attendance of Norweiginan Ambassador designate, Ms Grete Lochen, Commercial Counsellor Mr Harald Naevdal, General Director of EVN PECC1 Mr Pham Nguyen Hung, representatives from the Ministry of Industry and Trade, and over 70 participants from the EVN and its subsidiaries, independent power plant owners, construction companies, private investors from Vietnam and Laos, suppliers and consultants and other stakeholders. At the seminar, an energy consultant of the World Bank presents an overview of Vietnam’s solar energy, highlighting the achievements of … [Read more...] about BUSINESS NEWS IN BRIEF 19/10