Advertisements Retail sales in Vietnam are forecast to grow 11% in 2021, far ahead of other Southeast Asian countries Visit Vietnam Insider’s homepage for more stories The increasing presence of foreign giants has put great pressure on domestic retailers. Philippe Broianigo, CEO of Central Retail in Vietnam, recently stated that in the next five years,Continue reading “Foreign giants come, domestic retailers struggle to survive”
Tag Archives: Business
How HCMC businesses react to stay-at-work requirement a day before the deadline?
Advertisements It is impossible to implement HCMC’s stay-at-work orders within the 24-hour deadline they have been given, many companies complain. More stories at Vietnam Insider’s homepage. On July 13, city authorities said enterprises that could provide accommodation and food for employees on their premises or transport workers between production facilities and accommodation at other placesContinue reading “How HCMC businesses react to stay-at-work requirement a day before the deadline?”
Vietnam listed among top three destinations for business expansion
Among ASEAN countries, Singapore, Thailand and Vietnam are the most attractive destination for companies to expand production and business, according to a recent survey by Standard Chartered Bank.
HCMC now encourages businesses to perform Covid-19 tests their employees weekly
Advertisements HCMC is now encouraging its businesses to perform quick Covid-19 tests on their employees weekly amid rising coronavirus fears. More stories at Vietnam Insider’s homepage. Businesses would pay for the tests themselves, according to the municipal People’s Committee. The list of firms encouraged to adopt the measure would be decided by the High-tech ParkContinue reading “HCMC now encourages businesses to perform Covid-19 tests their employees weekly”
How Ho Chi Minh City support small traders during the Covid-19 pandemic
Advertisements HCM City is considering a financial support package worth more than VND76 billion (US$3.31 million) from the State budget to support small traders at traditional markets affected by the pandemic. According to the city’s Department and Industry and Trade, it would be disbursed from now to the end of the year. Visit Vietnam Insider’Continue reading “How Ho Chi Minh City support small traders during the Covid-19 pandemic”
13,000 businesses withdraw from market each month
Advertisements In the first quarter of 2021, nearly 1.1 million people of working age were unemployed 87.2% of businesses have been affected by the Covid-19 epidemic Visit Vietnam Insider’s homepage for more stories In the first quarter of 2021, the number of businesses withdrawing from the market was higher than the number of newly establishedContinue reading “13,000 businesses withdraw from market each month”
Landlords face difficulties as empty space increases
Advertisements Visit Vietnam Insider’s homepage for more stories As a result of the ongoing Covid-19 pandemic, the rental market in HCMC has plummeted, pushing many landlords into difficulties as tenants have left, leaving empty spaces in their wake and no takers. Since the beginning of the year, the supply of rental spaces has grown slowlyContinue reading “Landlords face difficulties as empty space increases”
Mobile World collaborates with small electronics retailers to increase market share
Advertisements Mobile World has over 4,000 outlets in Vietnam and 37 in Cambodia Visit Vietnam Insider’s homepage for more stories Vietnamese electronics giant Mobile World has launched a collaboration program with small retailers towards increasing its market share. Mobile World CEO Doan Van Hieu Em said small electronics retailers can collaborate with Mobile World andContinue reading “Mobile World collaborates with small electronics retailers to increase market share”
Masan hopes to raise $1 bln from feed unit stake
Advertisements Visit Vietnam Insider’s homepage for more stories Conglomerate Masan is hoping to raise up to $1 billion by selling a stake in its animal feed unit Masan MeatLife Corp. The group is also mulling a possible initial public offering for the unit, people familiar with the matter told Bloomberg. Shares of Masan MeatLife (MML)Continue reading “Masan hopes to raise $1 bln from feed unit stake”
The 3-year journey of Vsmart phones
Advertisements In March 2020, VinSmart phones reached 16.7% of the smartphone market share in Vietnam Vsmart is the Vietnamese smartphone brand reaching the most foreign markets Vsmart has launched 19 phone models Visit Vietnam Insider’s homepage for more stories Vsmart phones have seen milestones that have never been made by any Vietnamese phone company. VinSmartContinue reading “The 3-year journey of Vsmart phones”
Vietnam businesses invest in advertising on social networks
Advertisements Up to 53% of enterprises in Vietnam advertised their websites and mobile applications through social networks 57% of businesses spent less than VND10 million on online advertising in 2020 Visit Vietnam Insider’s homepage for more stories Businesses are still spending a lot on advertising on social media and search engines. This trend has yetContinue reading “Vietnam businesses invest in advertising on social networks”
Samsung Vietnam earns US$3.8 billion in profit in 2020
Advertisements Samsung Electronics Vietnam Thai Nguyen (SEVT) posted the largest revenue among the four at US$24 billion 50% of Samsung’s smartphones and tablets are produced in Vietnam and exported to 128 countries Visit Vietnam Insider’s homepage for more stories Vietnam remains a major production hub for Samsung, as revenue from Samsung Vietnam made up 30%Continue reading “Samsung Vietnam earns US$3.8 billion in profit in 2020”
Billionaires win big on pre-Tet days
Advertisements The enterprises of billionaires Pham Nhat Vuong, Ho Hung Anh, Nguyen Dang Quang and Nguyen Thi Phuong Thao have reported good business results for 2020. Nguyen Dang Quang Masan Group fulfilled its business plan set by the shareholders’ meeting with consolidated net revenue of VND77.218 trillion, up by 107 percent from 2019 and netContinue reading “Billionaires win big on pre-Tet days”
Losses of national flag carrier Vietnam Airlines are less than expected
Advertisements In 2020, Vietnam Airlines operated 96,500 flights, down 48% year-on-year amid the Covid-19 crisis. The national flag carrier Vietnam Airlines estimated its parent company’s losses in 2020 at over VND12 trillion (US$522 million), VND2.42 trillion (US$105 million) lower than the previous forecast in August. Chairman of Vietnam Airlines Dang Ngoc Hoa revealed the figureContinue reading “Losses of national flag carrier Vietnam Airlines are less than expected”
Vietnam’s asset and wealth management is expected to grow strong
Advertisements With further support from the State Securities Commission of Vietnam, the asset and wealth management is expected to continue its strong growth in the future. With further support of the State Securities Commission of Vietnam (SSC) to restructure the asset and wealth management (AWM) industry in 2020, the sector is set to continue itsContinue reading “Vietnam’s asset and wealth management is expected to grow strong”