Thailands retail corporation

Shipping containers are loaded onto an international freighter at the Bangkok Port.(Photo bangkokpost.com) Bangkok - The weaker baht is expected to boost the Thai economy and increase real GDP of the country by 0.4 percent, but not all manufacturers will reap the benefits, according to the Industry Ministry of Thailand. The ministry said that industries such as steel, medicine and oil, which depend greatly on the import of raw materials and have few exports, will bear the brunt of the baht depreciation. Manufacturers will experience varying outcomes as the value of the baht decreases, but overall the Thai economy will benefit, said Industry Minister Suriya Jungrungreangkit. The baht fell to 34.46 against the US dollar on June 7, down from 33.38 baht on December 30 last year. Director-General of the Office of Industrial Economics (OIE) Thongchai Chawalitpichaet said if the value of the baht weakens by 5 percent, real GDP will grow by 0.4 percent. The real GDP is a measure … [Read more...] about Thailand: weaker baht helps exports

The compact format of AEON The Nine has an area of 1,000-5,000 square metres. These shops are in urban and residential areas, aiming to bring A eon's quality closer to customers AEON The Nine is the first store to be launched as a compact store by Aeon. The first store is located in an area of 1,200sq.m, with a food court and a supermarket. To meet the customers' needs for convenience in daily meals, the Delica food court offers a variety of ready-to-eat products, which are typical of AEON such as bread and cakes, coffee, sushi, and Japanese bento. With a spacious seating area, many young customers can also choose AEON The Nine as a place to work and study every day or meet friends on the weekend. The supermarket area in AEON The Nine has a full range of products from fresh flowers to fresh, dry, and frozen food. There are also healthcare and beauty products, as well as many other household products. There is also an area dedicated for mothers and babies with a … [Read more...] about AEON Vietnam launches new retail format in Hanoi

Saravoot Yoovidhya, CEO of TCP Group, announced the new corporate purpose in Vietnam From 2022 to 2024, TCP Group is further driving the organisation towards sustainable business growth and creating a positive impact on society and the environment, locally and globally. "Five years ago, we announced the synergy of our various businesses into TCP Group, and we have been working towards sustainable development goals ever since. Up to now, events like COVID-19 and digital transformation have tremendously affected business, society, and the environment. We, therefore, are revisiting our purpose and strategies in every aspect to prepare for the volatile future and to create growth for the organisation while energising the sustainability of the world with a new purpose, called Energising A Better World For All,” said Saravoot Yoovidhya, CEO of TCP Group. Throughout its over 60 years of operation, TCP Group's priority has been to ensure the development of the economy, society, and … [Read more...] about TCP Group’s CEO announced a new corporate plan

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

Leaders of C.P. Group and C.P. Vietnam cutting ribbons at the opening ceremony of the public blood donation facility at the Agricultural General Hospital On June 23, leaders of C.P. Group and its subsidiaries C.P. Foods and C.P. Vietnam, led by chairman Soopakij Chearavannont, attended the opening ceremony of a blood donation facility at the Agricultural General Hospital in Hanoi’s Thanh Tri district. The ceremony was also attended by dozens of senior leaders of both C.P. Group and the Vietnamese arm. Chearavannont said that C.P. Vietnam will continue the humanistic tradition of accompanying the National Blood Donation Steering Committee, the Ministry of Health, the Ministry of Agriculture and Rural Development (MARD), and the National Institute of Hematology and Blood Transfusion (NIHBT) through nationwide events. “Humanitarian blood donation is a meaningful and noble activity, and has been a traditional part of C.P. Group for decades in Thailand,” he emphasised. … [Read more...] about C.P. Group compassionately leading by example

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

Prime Minister Pham Minh Chinh, at his meetings with Vietnamese farmers and agricultural businesses a few weeks ago, cited the success of TH Group as a fine example of high-tech agricultural development, and the circular economic model being pursued by the government. Famous for its TH true MILK brand, TH Group has been operating a $1.2 billion farm cluster project in the central province of Nghe An, featuring a state-of-the-art dairy cow farm and fresh milk production plant. The facility, which has a total annual capacity of 500,000 tonnes, hopes to quadruple the number of cattle to around 200,000 by 2025. To save production costs, TH Group has been operating a state-of-the-art system of solar power panels on the roofs of the farm cluster, and the system has been connected with the national power grid. As of last year, power produced from the panels has met one-fifth of the farm’s electricity demand. In 2019, TH Group began to use straws made from advanced bioplastics. This … [Read more...] about Businesses get set for circular economy

Anfin’s fractional share trading feature allows users to start investing from only VND10,000 (US$0.43) while providing a simple way to build a balanced portfolio and invest in shares regardless of the share price. — Photo courtesy of the firm Local fintech firm Anfin, a proprietary stock trading platform, announced it had raised US$4.8 million in its pre-Series A funding round from international investors. The firm said the round also saw participation from notable investors, including Clement Benoit, Founder of Stuart & Not so Dark and Y Combinator, Rebel VC, Kharis Capital, Newman Capital, First Chek Ventures, Micro Ventures, Springcamp and AngelHub. The funds will strengthen Anfin’s product development, especially its social investment product, which lets users host and join live audio rooms. Through the use of tech-enabled profiling and risk assessment, Anfin will enable credible investors a platform to share ideas, strategies, and trades. Furthermore, Anfin will … [Read more...] about Anfin raises US$4.8 million in funding round

Families take part in the ‘999 Vietnamese Families together with Saigon Co.op Cook Three Regional Dishes’ cooking contest at Co.opmart Thang Loi in HCM City on June 25. — Photo courtesy of Saigon Co.op Thousands of families took part in a cooking contest called ‘999 Vietnamese Families together with Saigon Co.op Cook Three Regional Dishes” held at Saigon Co.op’s supermarkets and shopping malls across the country last weekend. It was one of a series of activities to celebrate Vietnamese Family Day on June 28 and the 33rd anniversary of Saigon Co.op. The foods that were cooked were donated to shelters, open houses and charity facilities. The entire programme was live-streamed on the Co.opmart fanpage from Ha Noi, Da Nang, Buon Ma Thuot, Tay Ninh, Long An, Ca Mau, and the co-operative’s headquarters in HCM City. Saigon Co. op’s retail systems, Co.opmart, Co.opXtra, Co.opFood, Co.opSmile, Cheers, Finelife, HTVCo.op, Scvivo City, and Sense City are also running promotions until … [Read more...] about Saigon Co.op cooking contest attracts thousands of contestants

Standard Chartered Vietnam launched its new head office in Ha Noi. — Photo courtesy of the bank Standard Chartered Vietnam on Wednesday officially launched its new head office in Ha Noi, strengthening its strong, long-term commitment to investment in Viet Nam. Occupying the third floor of the grade A Capital Place building, 29 Lieu Giai, Ba Dinh, Ha Noi, and attaching the flagship Thang Long branch on the ground floor, the new head office brings together three existing offices across Ha Noi into one place for seamless operations and better client service. It features an open-plan office, creating a spacious and comfortable working environment for its employees, and applies technology to optimise office spaces and usability. “Viet Nam is an exciting and dynamic market and an important part of our global footprint. It’s great to see our business grow from strength to strength, offering an innovative suite of solutions for consumers and businesses while contributing to the … [Read more...] about Standard Chartered reinforces long-term commitment to Viet Nam