Local vietnamese retailers

Last week, UNIQLO Vietnam announced the opening of a new store in Hanoi’s Cau Giay district. The new store will cover more than 1,000 square metres with world-class services, expected to create a comfortable shopping experience. Retail action hots up with store openings, Source: cafebiz.vn It brings the number of UNIQLO stores in Vietnam to 19. In just over six months, the Japanese fashion brand has launched six new stores, and another new store in Binh Duong province is also to open imminently. Osamu Ikezoe, general director of UNIQLO Vietnam said, “Our three years of development, in terms of physical stores and an online store, has been a memorable journey. We have achieved our targets in opening retail stores in Vietnam so far. This inspires us to continuously open and even increase the speed of opening new stores to meet such strong demand.” As of last week, another major name to now boast an online store in Vietnam is Apple. The tech giant announced the … [Read more...] about Retail action hots up with store openings

According to trade experts, not only Thailand but also many other foreign retail businesses and domestic ones have expanded their business in the Vietnamese market. As a result, the competitiveness of Vietnam's retail market and local businesses has improved. Over the years, Vietnam has issued a fairly comprehensive system of policies on attracting and managing foreign investment capital as well as developing orientations for the domestic retail market. To create favourable conditions for retail businesses, experts said that besides attracting foreign investment, it is also important to build Vietnamese retail channels by Vietnam ese people. Vietnamese retail businesses should both compete and cooperate with foreign entities to learn experience and advanced retail technology. It is necessary to promote the link between domestic production and distribution system, and create a strong association to Vietnamese enterprises./. VNA … [Read more...] about Retailers improve quality to gain competitive advantage

The higher competitive pressure make domestic enterprises have more experience and motivation to improve their business capacity, product quality, service quality, and ability to capture the market. Vietnam is a high potential retail market with a size likely to grow to 350 billion USD by 2025. Retail trade will contribute 59% of the total domestic product sales. When foreign enterprises invest in Vietnam, they will improve in their distribution networks in the country and for export. Major retail channels such as AEON, Big C, and MM Mega Market have not only sold Vietnamese goods in their supermarkets but also exported them. As Vietnam has a population of 100 million people with a young population making up about 50%, retailers see big opportunities when investing in both conventional commerce and e-commerce. According to trade experts, not only Thailand but also many other foreign retail businesses and domestic ones such as Saigon Co.op and Wincommerce have expanded their … [Read more...] about Retail businesses improve quality to gain competitive advantage

Why did AEON decide to invest in Vietnam over a decade ago instead of a more dynamic or developed destination in the region at the time? Furusawa Yasuyuki, executive officer board member of AEON Co., Ltd. in charge of Vietnam Business, as well as general director of AEON Vietnam We started to research the Vietnamese market in 2009 before opening our first shopping mall in 2014. Now, we have eight companies in Vietnam covering shopping malls, retail, finance, services, and exports. We realise that Vietnam is in a period of rapid and outstanding growth, which is similar to the previous development stage of Japan. Therefore, we believe with AEON’s experiences and know-how accumulated in Japan, we can apply and contribute to the development of Vietnam’s market. How does AEON evaluate the investment environment in Vietnam? Japanese businesses want to invest in Vietnam because of various attractive factors. Firstly, with fast population growth, especially in the … [Read more...] about Robust decision-making for rapid retail development

Clients choose to buy Apple products in an Apple store in Ha Noi. — VNS Photo Doan Tung Many iPhone users are upset with Apple authorised service providers (AASP) in Viet Nam after their phones warranties were not honoured. Illegal modification is a reason that Apple authorised stores refuse to fulfil warranties. On the disclaimer of the warranty, Apple Vietnam does not specify any components that have been modified or replaced, according to Trung Duc, an iPhone user in HCM City. "I bought a genuine iPhone from an Apple reseller with a warranty so why should I have to take it to be repaired in another phone stores. My phone was bought with an original seal but Apple Vietnam said it was modified, which is ridiculous," said Duc. An unnamed person from AASP revealed to Zingnew.vn that many warranties between 2022 and 2023 for iPhone devices are denied by Apple Vietnam. Rejected devices were mostly iPhone 11 and iPhone 13 Pro Max. Thu Hien, a resident in Tan Binh district, HCM … [Read more...] about Apple stores in Viet Nam denied providing warranty to local users

Apple on May 17 announced the expansion of the Apple Store online into Vietnam. Customers throughout the country can now shop direct with Apple and receive a service delivered by dedicated team members ready to share their expertise in Vietnamese. Meanwhile, in mid-May, eDiGi, Vietnam’s foremost premium Apple retailer, announced the closure of its store after five years. The store entered the market when official Apple products were struggling to compete against smuggled counterparts. Backed by one of Vietnam’s top retail companies, IPP Group, eDiGi aimed to carve a niche for itself in Ho Chi Minh City’s District 1, Ho Chi Minh City. The accolades poured in as eDiGi secured the coveted Apple Premium Reseller and Apple Service Provider certifications, becoming the country’s pioneering haven for Apple aficionados seeking unrivalled services. However, eDiGi found itself grappling with a market where affordable prices outweighed immersive shopping experiences, and it struggled to … [Read more...] about Apple retailers set for price competition shake-up

Nestlé Vietnam owns four factories and two distribution centres with a total investment of more than $730 million. The company has 2,200 full-time employees and creates 10,000 more informal jobs for locals from its supply chain. Household names play their part for creation of jobs, illustration photo Khuat Quang Hung, its head of Corporate Affairs, said that leaders are concerned about long-term commitments to promote sustainable development of the local market, including the sustainability of human resources. “I always wonder after foreign businesses investing in Vietnam leave, what will be left? Besides technology transfer, we also need a highly qualified workforce with management capacity,” Hung said. Human resource training has been one of the top priorities for Nestlé Vietnam for many years. The company regularly organises talent training programmes, creating opportunities for final year students of universities to enter Nestlé Vietnam for internships. In … [Read more...] about Household names play their part for creation of jobs

At a reception for Yoshida Akio, Representative Executive Director of AEON Co., Ltd., Prime Minister Pham Minh Chinh highly valued the positive and effective contributions of AEON to the development of retail and export sectors in Vietnam. He suggested that AEON select Vietnam as its global business hub and continue investing in more shopping centers and outlet malls in suburban areas. Furthermore, he encouraged AEON to invest in the construction of shopping centers in more cities and provinces with high average per capita income, dense population and tourism potential like Quang Ninh, Ba Ria - Vung Tau, Thai Nguyen, Nghe An, the Central Highlands, Khanh Hoa, and An Giang. The Prime Minister also proposed AEON bring more Vietnamese goods to the global supply chain, especially goods of Vietnam’s strength such as apparel, footwear, aquatic and agricultural products. Yoshida, for his part, said Vietnam is the biggest investment destination for AEON globally, with over USD 1.18 … [Read more...] about Prime Minister receives Japanese corporate executives

A screenshot of the banner of the HCM City Export Forum and Trade Fair 2023 to be held from May 25 to 28 in HCM City’s District 7. — VNS Photo Bo Xuan Hiep As many as 200 exhibitors from Viet Nam and around the world will participate in a HCM City expo next week as part of the city’s trade and export promotion scheme for 2023-2025. Slated for May 25 to 28, HCM City Export Forum and Trade Fair 2023 (or HCM City Expo 2023) is co-hosted by the municipal Department of Industry and Trade and Viet Nam Trade Promotion Agency. Products to be on display include farm produce, textiles and garments, footwear, furniture and handicrafts, food and beverages, rubber, plastics, electronics, mechanics and fishery, and others. Several seminars will be held during the event to discuss how to promote regional connectivity in manufacturing, agriculture, trade and services, and green economy. The “Strengthening linkages towards green exports” forum will discuss the potential and strengths of the … [Read more...] about 200 exhibitors to participate in HCM City expo next week

May 18 marked a significant milestone as Apple unveiled its highly anticipated online store in Vietnam. The Apple Store Online promises a refined shopping experience, offering a host of exclusive benefits and personalised services to Vietnamese consumers. Tim Cook, CEO of Apple, took to Twitter to announce the launch, “Apple Store online officially went into operation in Vietnam from today. We excited to bring the best at Apple to even more customers around the world." Deirdre O’Brien, Apple’s senior vice president of Retail, said: “We are honoured to have the opportunity to expand in Vietnam, and extremely excited to be able to provide Apple’s superior care and support to our customers with the launch of the online Apple Store.” From May 18, technology enthusiasts and Apple aficionados across Vietnam can access the virtual storefront, brimming with an array of Apple devices, accessories, software, and services. With the convenience of a personal account, users gain access to a … [Read more...] about Apple store online: a game-changer for tech enthusiasts?