A fashion store in a shopping center in HCMC offers a discount of 70 percent on fashion products. (Photo: SGGP) The number of customers to supermarkets and trade centers has been fairly high in recent days. Co.opmart Supermarket on Ly Thuong Kiet Street in District 10 is always bustling with customers. Nguyen Thi Tuyet Anh, living on Ly Thai To Street in District 10, said that thousands of promotional and discounted items create a great attraction to housewives. “Cooking oil, fresh vegetables, rice, cakes of all kinds are at good prices compared to normal days. For example, Long Chau 66 rice was previously priced at VND190,000 per bag of 5kg, but now it is reduced to VND151,000; Meizan oil is sold at VND103,500 per bottle of 2 liters, VND3,000-VND5,000 per bottle cheaper than before. For large bills paid by credit cards, it is convenient to order goods at the supermarket for home delivery," said Tuyet Anh. Similarly, cosmetics, perfumes, and fashion clothes of many large brands … [Read more...] about Retailers launch promotions to revive purchasing power
Retail marketing manager salary
Market inches higher on energy, seafood stocks
Indices advanced on Thursday morning, backed by recoveries in energy and seafood stocks after a strong sell-off in the previous session. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) struggled as it curbed the early loss to end higher in the morning trade. Of which, the benchmark rose 0.64 points, or 0.05 per cent, to 1,169.91 points. It gained despite the 30 biggest stocks tracker VN30-Index still losing 2.08 points, or 0.17 per cent, to 1,225.1 points. The southern market's breadth remained in negative territory with more stocks declining than increasing. Liquidity also fell sharply compared to the previous session. Accordingly, the matching value on the HoSE tumbled 35.3 per cent to VND4.42 trillion (US$190.1 million). However foreign investors net bought more than VND140 billion on the southern bourse in the morning session. On the Ha Noi Stock Exchange (HNX), the HNX-Index climbed 1.82 points, or 0.68 per cent, to 271.21 points. Leading the … [Read more...] about Market inches higher on energy, seafood stocks
Huế’s Đông Ba Market revamped to lure tourists
MARKET OF BEAUTY: Đông Ba Market is a large trading centre imbued with the tradition of the ancient capital Huế. Photo from the market's Facebook page Mai Trang Linh Returning to the central province of Thừa Thiên Huế after more than two years of lockdown due to the pandemic, Lưu Hoàng Long and his wife, a Vietnamese Australian, chose first to visit Đông Ba Market, the biggest traditional local shopping centre in the ancient royal city of Huế. The couple and a group of overseas Vietnamese who started their trip through the country early this month from their native home in the northern coastal city of Hải Phòng could not help but be surprised at the changes in the market. Besides the usual crowded and busy atmosphere and familiar hospitality of sellers, the visitors were amazed at the changes, particularly the trade promotion programmes for traditional handicrafts -- one of the most attractions of the market. Looking at the pop-up booths displaying different kinds … [Read more...] about Huế’s Đông Ba Market revamped to lure tourists
Sanofi’s leader sees Vietnam as a promising market for healthcare
Vietnam is facing heavy burdens of morbidity and mortality caused by non-communicable diseases. Therefore, being able to control risk factors, improve disease prevention, make early diagnoses, and manage treatments of such illnesses are the common targets of the health system and society. Besides being the leading unit in treating some chronic diseases, Sanofi is at the forefront of the investment trend in digital healthcare transformation. One of the outstanding projects is the "Ask For Better" Q&A with experts series, a cooperative programme between Sanofi with the University Medical Center of Ho Chi Minh City, the Hanoi Medical University Hospital, and Jio Health. This programme has been broadcasted periodically to answer questions from the audiences and improve the knowledge of society on common non-communicable diseases. It attracted over 570.800 views in 2021. This show has been presented on diverse digital platforms with the purpose of increasing the interaction … [Read more...] about Sanofi’s leader sees Vietnam as a promising market for healthcare
Second-home market blossoms in Danang
Danang is now ripe for 5-star hospitality success The 16th edition of the Asian Route Development Forum (Routes Asia 2022) was held in Danang on June 6 for the first time. Routes Asia brings together policymakers from the world’s leading airlines, airports, destinations and aviation suppliers, and this time around the event wants to realise action plans and accelerate Asia-Pacific economic recovery. “We see this as a significant opportunity to exchange information and seek partnership, as well as to invest in the development of aviation, tourism, and logistics,” Chairman of Danang People’s Committee Le Trung Chinh stated at the event. “This is also an opportunity for the city to showcase our natural beauty, people, and socioeconomic achievements and the tourist industry in particular, to investors and visitors from across the world.” According to research by Savills World Research last year, the coastal city is one of the leading destinations for major international brands in … [Read more...] about Second-home market blossoms in Danang
Central bank sold roughly $7 billion to stabilise forex market
A customer buys US dollars at a bank in Ha Noi. During May and the first half of June, the dong depreciated about 1.0 per cent on the official market. — Photo baochinhphu.vn The State Bank of Viet Nam (SBV) sold about US$7 billion in the first five months of this year to balance the supply and demand sources of the greenback in the domestic forex market, according to the Viet Dragon Securities Corporation (VDSC). The USD/VND exchange rate listed at Vietcombank has so far this year increased by approximately 2 per cent. The average rate of commercial banks according to Bloomberg's statistics in the period has increased by about 1.7 per cent. During May and the first half of June alone, the dong depreciated about 1.0 per cent on the official market. However, in the context that most currencies have fallen significantly against the US dollar after the Federal Reserve raised interest rates, the dong has remained relatively stable. The US Dollar Index has so far this year risen … [Read more...] about Central bank sold roughly $7 billion to stabilise forex market
WB, FTSE Russell pledge regular coordination in upgrading Vietnam’s stock market
Illustrative photo (Source: VNA) Hanoi (VNA) – Representatives of the World Bank (WB) and FTSE Russell have committed to further supporting Vietnam to build a sustainable stock market, particularly via regularly exchange and coordination in the market upgrading matter. They made the commitment at a recent working session with the State Securities Commission (SSC), during which the sides discussed the actual situation, and efforts made to remove bottlenecks in support of the Vietnamese stock market’s status upgrading process. WB and FTSE Russell representatives said they highly appreciate the efforts of local management agencies and market members in upgrading the market from marginal to emerging one. They also proposed some solutions for the improvement of the market toward the upgrade. The upgrade has been included in the country’s strategy for the securities market development and received significant attention from leaders of the Government, the Ministry of Finance … [Read more...] about WB, FTSE Russell pledge regular coordination in upgrading Vietnam’s stock market
Retailers endeavor to promote sustainable consumption patterns
The talk show on Innovative Solutions & Substitutes for Single-use Plastic towards Green Consumption The talk show saw the participation of representatives from the Ministry of Industry and Trade (MoIt), Ministry of Natural Resources and Environment (MoNRE), and three major retailers in Vietnam. The participants discussed innovative and sustainable solutions for substitutes for single-use plastics. They also highlighted existing consumption habits and their future plans which will contribute to the promotion of sustainable consumption. During the discussion, Vu Minh Ly, deputy director of the Communication Center for Environmental Resources at MoNRE mentioned a new highlight in plastic waste management. The revised Law on Environmental Protection (LEP) 2020 considers waste a form of resource, which is a groundbreaking new approach to waste management. Numerous policies and incentives are in place to encourage businesses to minimise single-use plastic, aiming to achieve … [Read more...] about Retailers endeavor to promote sustainable consumption patterns
La Hien company cements its contribution to market stability
Numerous difficulties In 2021, the domestic cement market continued to face fierce competition. The company’s products had to compete fiercely with many other cement brands. To enhance productivity and product quality, the company had to improve its two production lines which commenced operations in 2005 with low design capacity. Meanwhile, the instability of global cement prices led to decreases in domestic prices, affecting the company’s sales. The La Hien cement plant Despite these difficulties, the company successfully accomplished its production and business tasks for 2021. The company’s leadership manages the implementation of production and business plans in accordance with the resolution of its shareholders’ meeting. Thanks to appropriate policies, the company has maintained stable sales in traditional markets. Effective solutions In 2021, the company fulfilled or exceeded most of its targets. Specifically, it sold 805,916.11 tonnes of cement earning … [Read more...] about La Hien company cements its contribution to market stability
Shanghai’s fashion stores struggle to clear lockdown stock hangover
Curbs to stop the virus in Shanghai, China's fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port. The city's re-opening this month saw a flood of goods ship from warehouses to store shelves already laden with merchandise unsold during two months of lockdown. Normally around a fifth of all imported goods coming into China pass through Shanghai's port. Days after Covid-19 curbs eased, large "sales" signs went up across Shanghai, with retailers from Lululemon to Victoria's Secret offering discounts to lure shoppers. Even online retailers have struggled to clear a glut caused by lockdowns and supply interruptions. "This affected us a lot," said Josh Gardner, founder and chief executive of China market e-commerce partner Kung Fu Data, which manages online stores for 10 fashion brands, including G-Star Raw. "In April, May on (China's major … [Read more...] about Shanghai’s fashion stores struggle to clear lockdown stock hangover