Vietnam retail industry

Anh said the legal framework has satisfied actual demands for smart energy development, with guidelines stated in Prime Ministerial Decision 1670/QD-TTg (approving a project for smart grid development in Vietnam), Prime Ministerial Decision 279/QD-TTg (approving a national program on electricity demand management), and Prime Ministerial Decision 280/QD-TTg (ratifying a national program for energy efficiency in the 2019-2030 period), among others. … [Read more...] about Vietnam, ASEAN share smart energy ideas for urban development

VNPAY will expand and promote payment development in many areas, especially payments for small business households that have not previously been able to access new forms of payment. The expansion of payment methods would create a pre-condition for the target of accelerating non-cash payments in Việt Nam. This is also one of the Government's aspirations in building e-government, promoting businesses to develop the digital economy and helping the Government run a digital society. … [Read more...] about Fintech VNPAY honoured as Vietnam National Brand 2020

HCM City (VNA) - MUJI, the renowned Japanese home-and lifestyle-goods company, opened its first store in Vietnam at the Parkson Saigontourist Plaza Shopping Centre in HCM City's District 1, on November 27. With an area of more than 2,000 sq.m, it will be its largest store in Southeast Asia.  As a flagship store, it will have features such as a coffee counter serving a selection of fine teas, coffees, pastries, and Japanese confectionery. Among the products it will sell are natural honey and unique local products from the Co Tu Ethnic Minority Cooperative in central Quang Nam province's Nam Giang district./. … [Read more...] about Japanese retailer MUJI to open flagship store in Vietnam

HCM City (VNA) - Businesses in HCM City are in need of specific and long-term solutions, given that its index of industrial production (IIP) fell 4.9 percent in the first nine months of this year, according to insiders.  Rising 9.6 percent in September against August, yet the IIP has failed to gain ground this year, the municipal Department of Industry and Trade said. Sectors such as processing and manufacturing, electricity generation and distribution, and water supply and waste treatment posted declines ranging from 1.2 to 5.8 percent in the period. Sharp falls were seen in metals (29.1 percent), wood and wooden products, except beds, wardrobes, tables and chairs, (22.6 percent), clothing (20.3 percent), and other processing and manufacturing industries (19.2 percent). The IIP in electronics and chemistry rose 18.5 percent and 7.6 percent, respectively. Figures show that the consumption index for the processing and manufacturing sector fell 3.6 percent year-on-year in … [Read more...] about Industrial production in HCM City needs long-term support: Insiders

Moscow (VNA) – An online workshop to promote trade cooperation between Vietnam and the Udmurtia Republic, a federal subject of Russia, took place on November 27, bringing together representatives from enterprises of both sides. In his opening speech, head of the Udmurtia Republic Alesander Brechalov briefed participants on Udmurtia’s economic potential, saying that he expects the event will help the two sides’ enterprises understand each other's proposals. Udmurtia ranks first in terms of cheese production and third in milk production in Russia, he said, adding that the Udmurtia has two cities with investment incentives and four industrial parks being available for serving businesses. He expressed his hope for expanding cooperation with Vietnam. For his part, General Director of the Trade Promotion Agency of the Ministry of Industry and Trade of Vietnam Vu Ba Phu said the workshop offers a good chance to introduce cooperation potential to the two sides … [Read more...] about Vietnam, Russia’s Udmurtia Republic seek to boost trade bond