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HCM City (VNS/VNA) - Retailers in Ho Chi Minh City have quickly adapted to the situation caused by the COVID-19 pandemic by resorting to e-commerce and delivery services. In the first eight months of the year, only retail grew among all the service sectors. A report by the city’s Department of Industry and Trade said retail revenues topped 503 trillion VND (21.78 billion USD), an 8.3 percent increase year-on-year. Direct shopping revenues fell, but online sales saved many businesses. Vo Thi Phuong Mai, deputy director and head of retail services at CBRE Vietnam, said the pandemic had generally impacted direct visitor traffic but created opportunities for small and medium-sized models such as convenience stores and pharmacies and, especially, e-commerce. "E-commerce is a bright spot that has supported physical stores during the pandemic," she said. Saigon Co.op, a traditional retail giant established in 1996, has moved towards multi-channel sales in recent years. Do Quoc … [Read more...] about HCM City’s retail firms adapt to COVID-19, go online

Vo Thi Phuong Mai, deputy director and head of retail services, CBRE Viet Nam, said the pandemic had generally impacted direct visitor traffic but created opportunities for small and medium-sized models such as convenience stores and pharmacies and, especially, e-commerce. … [Read more...] about Retail businesses adapt to Covid-19, go online

There are many reasons behind the stabilization of the exchange rate, said a representative of a HCMC major commercial bank, adding that among them is the fact that the hoarding of U.S. dollars has been subdued as other investment options such as gold and securities have become more attractive and the 2020 inflation rate was predicted to stay at just 3.5-3.8%. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

Visitors can register for free at macfrutdigital.com. After signing in, they can see an interactive map of products on display, visit virtual booths to learn about products, ask for information from the organisers, and hold exchanges with exhibitors. … [Read more...] about Digital expo offers VN firms opportunity to showcase fruits, vegetables to EU

HCM City (VNS/VNA) - The Macfrut Digital Trade Show being held online for the first time from September 8 to 10 offers Vietnamese businesses the opportunity to meet hundreds of global suppliers of fresh, safe and quality fruits from Europe. Macfrut Digital’s online platform Natlive is bringing together businesses in agricultural production, trading, machinery, greenhouses and irrigation systems, nurseries and seeds, fertilisers and bio-stimulants, logistics and storage, and others. The event has attracted over 600 exhibitors from 30 countries. Visitors can register for free at macfrutdigital.com. After signing in, they can see an interactive map of products on display, visit virtual booths to learn about products, ask for information from the organisers, and hold exchanges with exhibitors. There will be conferences livestreamed for free on topics such as renovation in gardening, greenhouses and watering, and forums on bio-stimulation. According to the organisers, the … [Read more...] about Digital expo offers VN firms opportunity to introduce fruits, vegetables to EU