Where is retail market

There is ravenous appetite for M&A dealmaking in the insurance market Global insurance companies are vying with rivals to buy the Singaporean and Vietnamese businesses of Britain’s Aviva in a deal likely to be worth $2.5 billion. Aviva set foot in Vietnam in 2011 through a joint venture with VietinBank. In April 2017, Aviva bought out VietinBank from the insurance company in Vietnam, as well as signed an 18-year exclusive agreement for distributing life insurance products through VietinBank. So, if the M&A deal is completed, VietinBank will have to co-operate with a new partner. Asia’s fast-growing economies and its relatively low penetration by insurance make the region a promising market for global insurers – the regional market, worth $1.7 trillion in premiums, is expected to account for 42 per cent of global premiums by 2029 from about a third currently, a Swiss Re Institute report showed. However, some overseas insurers have been struggling to scale … [Read more...] about Insurance market heats up with series of great deals

Customers examine dairy products at a Co.opmart supermarket on Ly Thuong Kiet Street in HCMC. The local retail sector is changing quickly and following new trends - PHOTO: THANH HOA Speaking at the event, Vu Vinh Phu, an economic expert and former chairman of the Hanoi Supermarkets Association, stated that over the past four or five years, the trend of forming joint ventures and mergers and acquisitions has been flourishing in the retail field, resulting in the emergence of giant retailers. “They are strong enough to compete with big rivals and have an advantage in terms of input and output goods and the quality of products,” Phu said. The race will become fiercer, causing small firms with weak management and heavy losses to be merged or go bankrupt, he added. The trend will continue its upward spiral in the coming months, Phu noted. The second trend he mentioned was the demand among customers for diverse experiences. In recent years, some major enterprises have … [Read more...] about Expert highlights four trends of retail sector

Photo shows the entrance of Times City, the urban area built by real estate developer Vinhomes (VHM). VHM fell 1.7 per cent on Tuesday. — Photo cafeland.vn Weak support of banking stocks could not rescue shares from falling on Tuesday afternoon, causing the two indexes to struggle during the session. The benchmark VN-Index on the Ho Chi Minh Stock Exchange slid 0.05 per cent to end Tuesday at 993.05 points. Some 180 million shares worth more than VND4 trillion (US$171 million) were traded on the southern market. The VN-Index rose 0.17 per cent to close Monday at 993.57 points. Many large-caps were strongly hit as selling pressure increased, including Vinhomes (VHM) (-1.7 per cent), PetroVietnam Gas JSC (GAS) (-0.8 per cent), Sabeco (SAB) (-0.7 per cent), Vinamilk (VNM) (-0.2 per cent), Bao Viet Holdings (BVH) (-0.6 per cent), Hoa Phat Group (HPG) (-0.5 per cent), FPT Corporation (FPT) (-0.5 per cent) and Military Bank (MBB) (-0.4 per cent). However, the rally of Mobile World … [Read more...] about Shares subdued as market shakes

Vietnamese shares declined on Thursday morning as shares of technology firms, retailers and securities companies were hit by selling after having made strong gains on earnings expectations. - Photo tinnhanhchungkhoan.vn Vietnamese shares retreated on Thursday morning, dragged by retail, technology and securities sectors. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.24 per cent to close at 992.06 points. The VN-Index inched up 0.14 per cent on Wednesday. More than 82 million shares were traded on the southern bourse, worth VND1.6 trillion (US$68.8 million). Dragging the market down on Thursday morning were retail, technology and securities sectors. The three sector indices fell between 0.5 per cent and 1.6 per cent, data on vietstock.vn showed. Those were also the groups of stocks that had made strong gains in previous weeks as investors expected they would release good earnings reports for the last two quarters of the year. Weak trading liquidity indicated investors … [Read more...] about VN stocks slide as selling hits retail, tech and brokerage

The Vietnamese retail market has seen some mergers and acquisitions (M&A) between foreign and Vietnamese enterprises, thanks to the huge development potential of the retail sector. As part of its commitment to join the World Trade Organisation, Vietnam has allowed the establishment of 100 percent foreign retail companies since 2015. Vietnam's membership of the newly-established ASEAN Economic Community will connect the country's market with a single regional market of 600 million consumers, while the Trans-Pacific Partnership agreement will bring more than 10,000 kinds of goods from 12 member countries at zero tariffs. In this context, the current modern retail channel of supermarkets and stores account for only 25 percent of the market share in Vietnam, where the traditional market is still the most popular shopping channel. Compared with the region, the coverage of modern retail sector in the country is much lower than in the regional countries, such as 33 percent in the … [Read more...] about Retail sector sees foreign-Vietnam M&A