Convenience store chains have been spreading like wildfire, with all major developers putting the pedal to the metal to gain market share Photo: Le Toan Vietnam has been one of the world’s most attractive markets for retail investment, ranking sixth in the Global Retail Development Index (GRDI) of A.T. Kearney, an American global management consulting firm. This has attracted M&A deals from both foreign and domestic businesses. Looking back on 2018, there have been great retail deals and great upheavals in the market shares of players. The local retail market has seen fierce competition, and domestic companies have had to adopt new strategies to regain their market share and improve their reputation to compete with international competitors who have the advantage in capital, technology, experience, and personnel. VinCommerce, the owner of the largest Vietnamese retail outlet chain VinMart, has bought out rival supermarket chain Fivimart. The movement is part of its plan to … [Read more...] about Retailers take to M&A to get the upper hand
The upper hand
VietNamNet Bridge - As a fast developing retail market in Asia, Vietnam has attracted many foreign retail giants in recent years. However, Vietnamese retailers still control 75 percent of market share. Vietnam has attracted many foreign retail giants Big C has 35 supermarkets in many cities and provinces, MM Mega Market has 19 retail centers, and Lotte March 13 supermarkets and hypermarkets, while Aeon, which has just arrived, also has four supermarkets. Foreign retail brands have also developed convenience stores. In HCMC alone, there are 1,000 convenience stores with Family Mart, B’s Mart, Circle K, Ministop and Shop & Go brands, which are gradually replacing traditional groceries. The business expansion plans by the foreign brands has caused worries to domestic retailers. Family Mart, for example, stated it will open 1,000 shops by 2020, while 7-Eleven wants to open 1,000 by 2027. A survey by Savills in HCMC in 2017 showed that 17 percent of consumers preferred going to … [Read more...] about Do Vietnamese retailers have the upper hand over foreigners?
This year, confectionery market starts earlier than previous years with various kinds in beautiful designs, especially Vietnamese-made goods as Vietnamese-made products hold the upper hand against foreign kinds. Consumers are choosing confectioneriesThe Department of Industry and Trade in Ho Chi Minh City forecast the purchasing power for confectionery and patisserie for this Tet holiday (the Lunar new Year) falling on February 16 will increase with consumption ratio of 18,000 tons, five percent up compared to last holiday.This time, clothes and candies, jams are displayed in shops and supermarkets nationwide. Private enterprises will purchase confectionary to offer gift baskets to employees at this time, manufacturers has boosted production with an increase of 5-10 percent prior to Tet holiday.Kinh Do Mondelez Company makes different kinds of confectionery from inexpensive to deluxe kinds combining with locally-made and foreign-made products to satisfy consumers’ demands.The … [Read more...] about Locally-made confectionery holds upper hand against foreign kinds in market
VietNamNet Bridge - Vietnam Airlines, the national flag air carrier, unexpectedly lost its Number 1 position in terms of domestic passenger transport during Tet to Vietjet Air. However, it remains a favorite air carrier thanks to high OTP (on-time performance). A report of the Civil Aviation Authority of Vietnam (CAAV) on the air transport during Tet holiday, from January 26-31, showed that Vietnam’s airlines provided 4,781 flights, carrying 669,000 passengers and 9,400 tons of cargo, an increase of 15.6 percent and 23.6 percent, respectively, compared with the same period of the year before. The Tan Son Nhat International Airport received 4,208 flights, or 700 flights a day. The going-through output was 593,000 passengers, up by 15 percent, and 3,300 tons of cargo, up by 63 percent. Vietnam Airlines still was at the No 1 position in the Vietnamese aviation market with 282,898 passengers served, including 107,752 international and 175,146 domestic passengers. However, if … [Read more...] about Vietnam Airlines vs Vietjet Air: who will gain the upper hand?
At the crossroads between a divided Europe and a convulsed Middle East, Turkey is caught in a power struggle between former Islamist allies which is shaking democratic institutions and raises questions about its future path. Since a failed coup on July 15, the ruling Justice and Development Party (AKP) founded by President Tayyip Erdogan has gained the upper hand in its battle with clandestine networks in the military, judiciary and bureaucracy loyal to U.S.-based cleric Fethullah Gulen. This fight to the bitter end has alarmed the West and unsettled the country of 80 million, which borders the chaos in Iraq and Syria and is a Western ally against Islamic State. Erdogan accuses Gulen of masterminding the attempted coup by a faction within the military and has rounded up more than 60,000 people in an operation which he hopes will cleanse Turkey of what he calls the Gulenist "virus". The purges, carried out as Turkey faces attacks by Islamist State and a revived struggle with Kurdish … [Read more...] about Turkish president gains upper hand in power struggle