Most supermarkets and entertainment parks in Ho Chi Minh City saw thronging crowds of shoppers and visitors during the New Year holidays. Supermarket chain Maximark received 20,000 customers January 1, double the normal number. Another chain, Co-opMart, reported sales December 31 and January 1 were up more than 20% from last year and over 50% from normal days. … [Read more...] about Shopping malls, parks crowded on New Year holidays
Maximark mall ho chi minh
Vietnam’s Vingroup buys Maximark chain in bid to gain retail foothold
Vietnamese conglomerate Vingroup has added a popular supermarket chain to its latest buying spree, bolstering its plan to increase presence in the retail sector. Vingroup, which has its own retail brand VinMart, has acquired a 100 percent stake to become the new owner of Maximark, the Hanoi-based firm announced on Sunday without revealing the deal price. The acquisition includes nine Maximark outlets and other properties which previously belonged to Ho Chi Minh City-based An Phong Investment JSC, according to Vingroup. Maximark is a popular retailer in southern and south-central Vietnam, with four supermarkets in Ho Chi Minh City, two in Khanh Hoa and one each in Dong Nai, Ninh Thuan, and Phu Yen. Khanh Hoa, Ninh Thuan and Phu Yen are all south-central provinces, while Dong Nai is a neighbor of Ho Chi Minh City. All of these nine outlets will become members of either the VinMart or Vincom Retail chains operated by Vingroup after the acquisition is completed. The Maximark … [Read more...] about Vietnam’s Vingroup buys Maximark chain in bid to gain retail foothold
Thieves break in banks, jewelry shops at major Ho Chi Minh City mall
Saigon Jewelry Company at Maximark supermarket in Ho Chi Minh City where thieves infiltrated into early on October 15, 2014. Photo credit: Tuoi Tre … [Read more...] about Thieves break in banks, jewelry shops at major Ho Chi Minh City mall
Thieves bust banks, jewelry shops at major Ho Chi Minh City mall
Saigon Jewelry Company at Maximark supermarket in Ho Chi Minh City where thieves infiltrated into early on October 15, 2014. Photo credit: Tuoi Tre … [Read more...] about Thieves bust banks, jewelry shops at major Ho Chi Minh City mall
BUSINESS IN BRIEF 10/10
Plans in place to ensure price stability The industry and trade sector plans to attempt market regulation in stabilising domestic prices by the end of 2011. The statement was made by an official from the Ministry of Industry and Trade during an online meeting yesterday. Deputy Minister of Industry and Trade Le Duong Quang said that, in order to achieve results, a price fever leading up to Tet had to be avoided at all costs. He added that the domestic commodities market would experience complicated fluctuations by the end of the year, affected by factors such as inflation. To reach an annual CPI jump of 18 per cent, balancing supply and demand would be a tough job, necessitating cooperation in following market developments, he explained. Market watch would help regulate the supply and demand of goods and stabilise markets to ensure effective production. Relevant offices are set to promote market controls to ensure the supply of essential goods including petrol, … [Read more...] about BUSINESS IN BRIEF 10/10