January 17, 2012
Food retail sales in Ho Chi Minh City witnessed “skyrocketing growth” in recent year, a report said Despite economic difficulties the retail market in Ho Chi Minh City expanded last year as top retailers and brands continued to come in, property consultant Knight Frank said in a new report. The retail sales value of goods [...]
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December 23, 2011
A Petrolimex gas station in Hanoi Economists suspect that Vietnam’s biggest fuel companies, particularly Petrolimex, may have deliberately reported huge losses and shifted profits to subsidiaries to evade tax. A recent inspection of major oil importers, including Petrolimex, found that they paid retailers, many of them its own subsidiaries, higher commissions than allowed and reported huge losses. [...]
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December 18, 2011
A Salvation Army band performs for shoppers in London on the final Saturday before Christmas on what is traditionally one of the busiest retail days. Europeans are tightening their belts and spending less on Christmas gifts this year as they struggle with incomes hit by austerity measures or fear the economy could worsen in [...]
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December 16, 2011
Vietnam authorities have asked four dairy firms to explain their price increases after some products were raised up to 18 percent. The companies will be subject to legal responsibility if their increases are found irrelevant to input costs, the Finance Ministry said in a statement December 9. Early this month, Mead Johnson, Nestle Vietnam, Tien Tien [...]
Tags: costs, Dairy, Dairy Firms, firms, increases, Mead Johnson, Of The Increases, percent, price, Price Increases, prices, products, retailers, The Firms, The Increases, Vietnam
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December 12, 2011
Easup market in Vietnam Central Highlands on December 7 caught fire, destroying goods worth around US$1 million. A market fire in Vietnam Central Highlands early Wednesday caused property damage estimated at more than US$1 million dollars. Â The fire started at around 1 a.m. and burned down goods of more than 100 retailers at Easup [...]
Tags: Affected Retailers, Central, Central highlands, Easup Market, goods, In Vietnam Central, In Vietnam Central Highlands, market, Market Fire, retailers, The Affected, The Affected Retailers, The fire, Vietnam, Vietnam Central, Vietnam Central Highlands
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November 26, 2011
A woman pulls shopping carts through the aisle of a Target store on the shopping day dubbed “Black Friday” in Torrington, Connecticut November 25, 2011. Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling [...]
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November 25, 2011
A man loads a flat screen television into his car on the shopping day dubbed “Black Friday” in Torrington, Connecticut November 25, 2011. Bargain hunters flocked to stores late Thursday and overnight Friday, searching for deals on big screen televisions, video games and toys while fretting about their own shaky economic well-being. Some stores, [...]
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August 28, 2011
Workers at An Nhien cuddly toy factory in HCMC stuff garment waste into the toys. Many teddy bears in Ho Chi Minh City are stuffed with garment waste, discharged mattress, and old spongy materials, which doctors blamed as a major cause of respiratory diseases in children. Â The products target workers and low-income earners, while [...]
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June 22, 2011
C.T Plaza shopping center in Ho Chi Minh City's Tan Binh District The Japan Retailers Association has met with officials of Vietnamese C.T Group to discuss cooperation and retail opportunities in both countries. The goal of the cooperation is to bring famous Japanese products into Vietnam, the Saigon Times news website reported Friday. C.T Group [...]
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June 11, 2011
Vietnam continued to lose its appeal to retail investors this year, even though prospects for modern retail formats remain positive, according to a report by global management consulting firm A.T. Kearney. The country moved down nine spots to 23rd place in A.T. Kearney’s index of top ranked developing countries that retailers should enter. Vietnam [...]
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