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
Retailers that sell wine
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
Shares end lower as selling pressure increases
FPT Corporation's software programmers. FPT lost 4.3 per cent Thursday. — VNA/VNS Photo Danh Lam Vietnamese shares ended Thursday in a sombre mood amid increasing selling pressure which caused the VN-Index to retreat from the 1,200-point mark. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index decreased 1.68 per cent, to end at 1,197.60 points. It had increased 1.27 per cent, to end Wednesday at 1,218.10 points. More than 510 million shares were traded on the southern bourse, equivalent to VND11.3 trillion (US$485.6 million). Market breadth was negative with 371 losers and 89 gainers. Banking stocks lost ground with losers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tien Phong Bank (TPB) and Vietcombank (VCB). Energy stocks suffered selling pressure with losers such as Viet Nam National Petroleum Group … [Read more...] about Shares end lower as selling pressure increases
Some 30 tons of fresh lychee sold at Vietnamese Goods Week in Japan
The Japanese retailer sells Vietnamese agricultural products in some 350 of the group's stores and supermarkets across Japan and on its websites from July 1 to 3. AEON Group, the Japanese retailer, expected to sell about 30 tons of fresh lychee and 2.5 tons of fresh bananas from Vietnam during the three-day Vietnamese Goods Week in Japan. The Japanese retailer sells Vietnamese agricultural products in some 350 of the group's stores and supermarkets across Japan and on its websites from July 1 to 3. A number of Vietnamese fresh lychee are sold at AEON supermarket. Photo: congthuong.vn "Last year, we imported five tons of fresh lychee from Vietnam and sold it only in large supermarkets. However, this year, we imported up to 22 tons of lychee and sold them in all AEON supermarkets throughout Japan," Soichi Okazaki, Executive Director of ASEAN Business at AEON, told the Vietnam News Agency . Okazaki added that Vietnamese lychee is very fragrant and … [Read more...] about Some 30 tons of fresh lychee sold at Vietnamese Goods Week in Japan
VinShop set to become Vietnam’s next unicorn
Tokopedia is a combination of Toko (shop) and encyclopedia. It adopts a similar business model as e-commerce giant Alibaba. Tokopedia is a shopping platform where every business can easily arrange and sell its products. As of June 2020, Tokopedia recorded a valuation of up to $7 billion and became the third-largest unicorn in Southeast Asia, trailing behind Grab (Singapore) and GoJek (Indonesia), according to CB Insights. Tokopedia is successful in bringing technologies into grocery stores in Indonesia In 2018, Tokopedia unveiled its ambitious plan to penetrate Indonesia’s economy worth $1 trillion, which is the largest economy in Southeast Asia. It launched Mitra Tokopedia for the owners of warung (a small family-owned business) or outdoor grocery stalls serving their neighbourhoods. Mitra Tokopedia has recorded one million downloads with 2 million warung in the island nation. Mitra Tokopedia not only connects grocery owners with suppliers but also removes … [Read more...] about VinShop set to become Vietnam’s next unicorn
New Zealand launches Made With Care campaign at Motte Mart
The New Zealand Trade and Enterprise (NZTE) on June 26 launched its retail campaign Made With Care at Lotte Mart in Vietnam to bring high-quality food and beverage (F&B) products to Vietnamese consumers. Lotte is one of the five supermarket chains in Vietnam that the NZTE is deploying its retail campaign until July 31 to introduce safe, tasty, premium quality, nutritious, and ethical products to local consumers. The other four retailers are AEON, Winmart, BRG, and MM Mega Market. NZTE trade commissioner and consul-general to Vietnam, Joe Nelson, speaks at the launch of Made With Care at Lotte Mart. (Photo: congthuong.,vn). “As part of our ongoing commitment to the local market, we are delighted to have the support of these premium retailers to bring New Zealand's F&B products to Vietnamese consumers,” said the NZTE's trade commissioner and consul-general to Vietnam, Joe Nelson. “Through this collaboration, we want to continue to raise awareness of the … [Read more...] about New Zealand launches Made With Care campaign at Motte Mart
Hanoi promotes consumption of agricultural products on e-commerce sites
Hanoi has 141 models of farm chain, according to the Hanoi Department of Agriculture and Rural Development. Hanoi is extending support to local businesses and cooperatives in putting agricultural products on the e-commerce platforms, as well as boosting trade promotion activities, according to the Hanoi Department of Agriculture and Rural Development. A staff is guiding a Bac Giang's farmer to post lychees on the e-commerce site. Photo: Vietnam Post In Chuong My District, the Thang Long High-tech Agriculture JSC faced difficulties with selling Solanaceae, so it turns to new sales channels such as Facebook and Zalo for better consumption. Phan Trung Kien, Director of the Thang Long High-tech Agriculture JSC said: “Since the company put its products on online sales sites and e-commerce platforms, they are better known and easily approached by a huge number of local consumers.” The company grows solanum Hainanese hance in an area of 20ha, the largest in the … [Read more...] about Hanoi promotes consumption of agricultural products on e-commerce sites
Plastic use drop hinges on consumers
There are many answers being discussed when it comes to use of single-use plastics, Photo: Chi Cuong After 40 years, Tan Phu Plastic JSC decided to change its name to Tan Phu Vietnam JSC. The removal of the word “plastic” from the business name is a bold decision as Tan Phu is known as one of the leading plastic manufacturing companies in Vietnam. However, the decision represents the redefinition of the firm’s development strategy towards sustainability and more environmentally-friendly products. At last week’s talk show Innovative Solutions and Substitutes for Single-use Plastic towards Green Consumption held by VIR last week, Tan Phu chairman Hoang Anh Tuan said, “In the past, we consumed about 20,000 tonnes of plastic per year in the production process. Now, it only takes about 12,000 tonnes to produce the same amount of products.” The increase in consumer awareness about single-use plastics in recent years has prompted manufacturers, retailers, and service providers to … [Read more...] about Plastic use drop hinges on consumers
Hai Duong Petroleum Branch promotes the Petrolimex brand
Acknowledging the importance of consistent distribution system development, all fueling stations and franchised retailers of the branch meet management, technical, fire prevention and treatment, and environmental hygiene standards. Fueling stations are equipped with advanced machinery and equipment, with modern management software helping ensure safe, professional services. The Petrolimex brand is fully and consistently identified throughout the system, leaving a good impression on customers, said the branch’s director Tang Van Troi. The branch is focusing on intensive development of its retail system, protecting the brand and fighting against commercial fraud, and environmental protection. It works closely with relevant state agencies to protect its brand and promote brand identification, aiming to ensure consumer interests. The brand takes the initiative in cooperating with state authorities to strengthen inspection and control of commercial fraud in petroleum business … [Read more...] about Hai Duong Petroleum Branch promotes the Petrolimex brand
VinShop aims for success as store connection platform
Tokopedia's success lesson Founded in 2009, Tokopedia is one of Indonesia's tech unicorns. According to CB Insights (U.S.), Tokopedia's value reached $7 billion as of June 2020, becoming the third largest unicorn in Southeast Asia, behind Grab (Singapore) and Gojek (Indonesia). Tokopedia was developed as a shopping platform where any business could easily arrange and sell its products. William Tanuwijaya, co-founder of Tokopedia, said that the company's business model is similar to Alibaba's as it combines Toko (shop) and encyclopedia. In 2018, Tokopedia launched the Mitra Tokopedia app for warungs - small family-owned businesses that usually cater to a neighborhood. Mitra Tokopedia has recorded one million downloads in the island nation that has two million warungs. Tokopedia has been successful in bringing technology into Indonesia's grocery stores. Photo by Tokopedia Mitra Tokopedia has gained popularity and is now present in more than 20 major cities, … [Read more...] about VinShop aims for success as store connection platform