February 7, 2010
LookAtVietnam – The municipal administration of HCM City plans to begin frequent inspections of supermarkets and trade centres this year onwards to ensure they “seriously” abide by regulations.According to the city’s Department of Industry and Trade, the stricter inspection regime aims to make up for earlier lax implementation of regulations that has allowed for unplanned [...]
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January 29, 2010
LookAtVietnam – Some Vietnamese producers have been trying to change their reputation by “conquering” the high grade market sector. Making “perfect” products In late 2009, Phu Nhuan Jewelry Company established Cao Fashion Company, to introduce jewelry and handbags trademarked as “Jemma.” These products are designed by South Korean and Italian designers and aimed at young [...]
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January 21, 2010
VietNamNet Bridge – Vietnam continues to be a good destination for investors. It’s believed this conclusion, alongside other recent good press for Vietnamese industry will boost investment. Many projects raring to go A number of existing foreign investors in Vietnam are putting programmes in place to expand businesses in Vietnam following the post-crisis period. Investors of many [...]
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October 21, 2009
VietNamNet Bridge – High retail rents in big cities have prompted investing in high quality trade centre development. Newspaper Tien Phong believes that at least 150,000 square metres of retail premises will be available at trade centres in HCM City by June 2010. The figure is equal to 50 percent of the total premises launched [...]
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October 2, 2009
LookAtVietnam – Aware that supermarket sales have been growing by 30-40 percent annually, many firms dream of selling their products in the big stores. It’s not so easy to get shelf space Nguyen, the owner of a cosmetics company, has approached a certain supermarket six times, but still can’t get her foot in the door. “I showed [...]
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September 23, 2009
LookAtVietnam – Counterfeit goods, ubiquitous and unremarked in Vietnam’s market, are no longer just a problem for high-end foreign manufacturers. Counterfeit goods are selling at supermarketsImitation and counterfeit goods are the number one enemy of producers in any economy. Therefore, heavy punishment is traditionally the fate of those who sell counterfeit goods. In Vietnam, however, [...]
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September 14, 2009
LookAtVietnam – The demand for commercial real estate is still very high even in the economic downturn, because consumers have gotten used to going shopping at trade centres. Supply grows, but rents don’t fall Tran Van Hung, head of leasing at Eden Mall in the Saigon area of HCM City, said that the great majority of [...]
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September 4, 2009
The Justice Ministry’s Legal Document Inspection Department protested HCM City’s controversial decision on agricultural and food business on August 31. In HCM City, fruits and vegetable must be sold in “civilised and convenient” markets, supermarkets, trade centres and stores. The city on July 31 2009 issued Decision 64, which took effect on August 10, 2009, stipulating [...]
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August 12, 2009
Both foreign and Vietnamese retailers complain that retail premise leasing fees in Vietnam, especially in HCM City, are sky high. In 2006, local newspapers reported that the transfer price of one square metre of stall at Ben Thanh Market in HCM City was 230 taels of gold. The level, if converted to dollars, was 30 [...]
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July 31, 2009
Unlike the office leasing market, now quiet because of low demand, the leasing market for upscale store sites in Ho Chi Minh City has remained bouyant even in the economic downturn, reports the Saigon Economic Times. Like their counterparts in the in big urban areas of other countries, Vietnamese consumers shop more and more at [...]
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