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One dies in convenience store collapse in Ho Chi Minh City

January 18, 2023 by tuoitrenews.vn

A convenience store collapsed in District 4, Ho Chi Minh City, killing one on Wednesday morning . The accident occurred on Vinh Hoi Street, with witnesses saying the first floor of the convenience store suddenly collapsed, trapping people on the ground floor inside. The Fire Prevention and Fighting and Rescue Police Division said they were informed of the collapse at around 9:00 am. At the time rescue forces arrived, eight people had managed to get out of the collapse while one was still stuck inside. Rescue forces are seen at the scene after a convenience store collapsed on Vinh Hoi Street in District 4, Ho Chi Minh City, January 18, 2023. Photo: Minh Hoa / Tuoi Tre At 9:45 am, a seriously injured female victim was brought out unconscious from the wreckage and rushed to the hospital. Dr. Nguyen Duy Long, director of the 115 Emergency Center in Ho Chi Minh City, confirmed to Tuoi Tre (Youth) newspaper that the 15-year-old victim had passed away. “At … [Read more...] about One dies in convenience store collapse in Ho Chi Minh City

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Retail awaits breakthrough

January 21, 2023 by vir.com.vn

Mobile World Investment JSC (MWG) announced its 2023 business direction last month, identifying positive growth in revenues and profits as the most important goal instead of focusing on increasing the number of new stores, as in the previous two years. MWG’s retail chains will only open new stores in areas with strong potential to bring in profits within three months of opening. Although it has not set a specific target for the number of new stores, it will focus on increasing revenue at each, and controlling operating costs to increase profit. Shoppers at a supermarket (Photo: VNA) The corporation is the largest retailer in Vietnam based on size, revenues, and profit, and currently operates three retail chains – Mobile World, Dien May Xanh, and Bach Hoa Xanh, with nearly 4,000 stores. However, the retailer has not achieved total success as Bach Hoa Xanh, specialising in fresh food and essential consumer goods in the southern market, is struggling. Last year, the … [Read more...] about Retail awaits breakthrough

Filed Under: Uncategorized retail, retailers, retail market, Corporate

Coffee chains set on physical growth

January 25, 2023 by vir.com.vn

Vietnam’s beverage sector was set to end 2022 favourably with Q3 growth of 5.2 per cent, only 0.4 per cent lower than the average growth rate across Asia, according to a report on fast-moving consumer goods by Kantar Worldpanel. Many businesses still failed to perform as expected, but other food and beverage (F&B) enterprises are enjoying success. Patricia Marques, general director of Starbucks Vietnam, is optimistic considering recent challenges and has strong expectations for the world-famous brand. “We will open our 100th store in the second quarter of 2023, but that doesn’t mean we will stop there,” Marques said earlier in January. Starbucks has been present in Vietnam since opening its first store in Ho Chi Minh City in 2013. It owns 87 stores in eight cities with more than 800 employees and over 200 coffee masters. Ho Chi Minh City has the largest number of Starbucks stores at 50, with Hanoi boasting 24. There are other outlets in Haiphong, Hung Yen, Nha Trang, Danang, … [Read more...] about Coffee chains set on physical growth

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Ticket for $1.35 billion Mega Millions jackpot sold in rural Maine town

January 15, 2023 by tuoitrenews.vn

A single winning ticket for a Mega Millions lottery jackpot of at least $1.35 billion, the second largest jackpot in U.S. history, was sold in Maine, lottery organizers said on Saturday. "Congratulations to the Maine State Lottery, which has just won its first-ever Mega Millions jackpot," Ohio Lottery director Pat McDonald, lead director for the Mega Millions Consortium, said in a statement. "It's the fourth billion-dollar jackpot in Mega Millions history." The winning ticket, which cost $2 and matched all six numbers, was bought at Hometown Gas & Grill convenience store in Lebanon, Maine. The ticket holder, yet to be identified, has the choice of a lump-sum payment of $723.5 million or an annual payout over 30 years. Most winners go for the lump sum, which comes with a hefty tax bill, according to the Mega Millions website. The winning numbers for the jackpot were 30, 43, 45, 46 and 61, plus the power ball 14. "This is a small rural town in southern Maine," Fred … [Read more...] about Ticket for $1.35 billion Mega Millions jackpot sold in rural Maine town

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Weak finance-backed companies possess large land funds

January 14, 2023 by bizhub.vn

Ho Chi Minh City Public Lighting Joint Stock Company (SAPULICO or CHS) operates in the field of management and maintenance of public lighting systems, traffic lights, construction of public works, and other construction systems. — Photo chieusang.com.vn There are now many enterprises on UPCOM with small charter capital but a great amount of land funds. With low business performance and low stock market price, the businesses can become the targets of other big companies. With a charter capital of only VND145 billion (US$6.18 million), Ha Noi Food Joint Stock Company (HAF) holds many real estate assets located in the capital’s central areas, including 11 commercial centres, supermarkets and convenience stores; as well as eight hotels, restaurants, and food service establishments. Some prominent land areas include 736sq.m at 51 Le Dai Hanh Street; 164.5sq.m at 46 Luong Ngoc Quyen; 347.6sq.m at 7 Dinh Liet; and 200sq.m at 30 Hang Dao. HAF also has other real estate facilities … [Read more...] about Weak finance-backed companies possess large land funds

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BAC A BANK’s user-friendly experience

January 25, 2023 by vir.com.vn

Customers can experience a full range of new features and utilities Welcoming the new year, BAC A BANK has launched a promotion programme for customers who open an online account and/or register for e-banking services via eKYC identification through the bank’s mobile app or at transaction counters. With eKYC, customers can open online current accounts on the Mobile Banking application anytime, anywhere, with just a few simple steps. Moreover, without going through a physical branch, customers can still register for e-banking and SMS banking and be issued debit cards quickly and conveniently, free of charge. From January 5 to the end of March, the promotion is being deployed nationwide. It not only helps to facilitate positive customer service, but also expresses the bank’s desire for a year full of fortune, prosperity, and happiness. BAC A BANK is offering VND50,000 ($2.15) for the new accounts and a preferential fee combo for new customers who open an account for the first … [Read more...] about BAC A BANK’s user-friendly experience

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Viet Nam retail real estate market expects growth in 2023

January 20, 2023 by bizhub.vn

In 2022, the retail market in general and townhouses in particular recovered with a better occupancy rate, but the recovery has not reached the level of the pre-COVID-19 period. — Photo tapchixaydung.vn The retail space market has the opportunity to grow strongly in 2023 with the forecast of the recovery of the retail industry, especially with new investment of foreign brands in Viet Nam. Many retail brands are looking at Viet Nam because the economy is strong, and they see the potential. Brands are diverse and range from luxury to mid-market brands, said Nick Bradstreet, head of Asia Pacific Retail, Savills. For example, Lotte is completing a new project, and it is expected to welcome international brands. "The challenge Viet Nam is facing is that there are not enough shopping centres being built to meet the demand from international retailers," he said. Viet Nam’s economy is growing quickly, which creates an attractive retail outlook. By 2025, Viet Nam will be the third … [Read more...] about Viet Nam retail real estate market expects growth in 2023

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Tet apps ‘selling’ like hotcakes

January 22, 2023 by e.vnexpress.net

Perpetual calendar apps A perpetual calendar app interface. Photo by VnExpress/Tuan Hung Perpetual calendar applications are very popular on the Play Store (Android) and App Store (iOS) right now. They help users choose lucky dates and times for travel, shop openings, or to visit other people’s houses during Tet . Tet (Lunar New Year holiday) lasts from January 20-26. There are dozens of apps with different interfaces, and they all show ads. Users can deny the app’s data access to ensure privacy. Before downloading, users should choose reputable app developers, with many downloads and good reviews, such as Lich Viet and Lich Van Nien. Google Maps Real-time traffic is enabled on Google Maps. As far as apps used for directions and traffic conditions, Google Maps has the advantage over other mapping apps, which is to notify users of traffic conditions. During Tet, traffic jams only happen on certain streets, or at the gateways to cities. … [Read more...] about Tet apps ‘selling’ like hotcakes

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Downtown area gets facelift as construction barriers for HCMC’s first metro removed

January 25, 2023 by e.vnexpress.net

Nguyen, 55, the owner of a souvenir shop on Le Loi Street, fixed up his store after the barriers for the construction of the Ben Thanh Station of the metro line No.1 were taken down a few months ago. During this year's Lunar New Year holiday, he put imported goods in front of the store's door and decorated it with signs to attract customers. Nguyen said that his family's famous souvenir shop, which had been open for more than 10 years, had to switch to selling coffee because business was slow when the metro construction site was being built and after the pandemic struck two years ago. In early 2022, Covid-19 receded and the construction barricades were taken down one by one. He and the other business owners in the area were happy because the roads are now open to traffic, clean, and beautiful, and their businesses are doing well. "After a long period of silence, the streets are now busy again as they have been full of tourists in the past few months," he said. He added that … [Read more...] about Downtown area gets facelift as construction barriers for HCMC’s first metro removed

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Husbandry groups tackle profit dips

January 18, 2023 by vir.com.vn

Livestock firms will also have to compete with China again after its reopening, Photo: Le Toan In the first days of the new year, many husbandry companies revealed that 2022 business results were deeply affected by losses. “We earned no profit despite working hard the entire year. The husbandry sector has suffered from deep losses, while revenues and meagre profits in the animal feed sector cannot make up for it,” said a representative of Japfa Comfeed Vietnam. He further explained that cheap selling prices, high costs of importing animal feed material, and African swine fever (ASF) have blown profits away. “These issues have forced most farms to scale down their size. Demand for animal feed and bioproducts dropped sharply, and capacity of sector production dipped. Meanwhile, the more breeding we carried out, the more losses were thrust upon us,” he added. Being the leading player in the industry, business results for C.P. Vietnam in 2022 were seemingly less gloomy than … [Read more...] about Husbandry groups tackle profit dips

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