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HCMC's purchasing power rises sharply on National Day

HCMC's purchasing power rises sharply on National Day

Supermarkets and shopping malls in Ho Chi Minh City reported sharp increase in sales during the National Day holiday from September 1 to 4.
Retail demand steps up

Retail demand steps up

Vietnam’s retail market is seeing signs of recovery, and industry insiders are expecting a boom in sales in the remaining months of this year.
July 24, 2023 | 03:57 am PT
Retail sales of consumer goods, services top $22B in May

Retail sales of consumer goods, services top $22B in May

Total revenue from retail sales of consumer goods and services in May was estimated at VND519 trillion ($22.09 billion), up 11.5% over the same period last year, according to the General Statistics Office (GSO).
May 30, 2023 | 11:23 pm PT
Retail, services shine amid cloudy economic outlook

Retail, services shine amid cloudy economic outlook

Vietnam’s revenues from retail and services posted a double-digit growth in April, a rare improvement amid many economic challenges that have plague the country since the beginning of the year.
May 21, 2023 | 12:14 am PT
Japanese company buys 36% stake in Vietnam drug firm Merap

Japanese company buys 36% stake in Vietnam drug firm Merap

Japan’s Lion Corp plans to buy a 36% stake in Vietnamese company Merap to expand its presence in Southeast Asia.
January 17, 2023 | 08:03 pm PT
THACO eyes billion-dollar sales for supermarket chain

THACO eyes billion-dollar sales for supermarket chain

THACO chairman Tran Ba Duong said supermarket chain E-mart is likely to earn revenues of billion dollars by 2026 after opening at 20 locations.
August 5, 2022 | 11:00 pm PT
Grocery chain Bach Hoa Xanh revenues drop on store closures

Grocery chain Bach Hoa Xanh revenues drop on store closures

Grocery chain Bach Hoa Xanh suffered an 8 percent fall in sales year-on-year in the second quarter to VND6.76 trillion (US$289.47 million) following its closure of hundreds of outlets.
July 31, 2022 | 11:59 pm PT
Retail investors' stock accounts go past 5 mln milestone

Retail investors' stock accounts go past 5 mln milestone

The number of retail securities trading accounts exceeded the five-million mark last month.
May 10, 2022 | 09:30 pm PT
Rents for prime retail space rise in HCMC despite having few takers

Rents for prime retail space rise in HCMC despite having few takers

Streetfront premises in HCMC's central business district have raised their rents though many have no tenants.
March 17, 2022 | 07:54 pm PT
Branching out to new areas a key strategy: Mobile World

Branching out to new areas a key strategy: Mobile World

Expanding into new areas such as retailing of drugs, fashion items and jewelry is risky, but Mobile World’s said it is part of its strategy to learn through experience.
February 23, 2022 | 03:00 am PT
Citi to sell four Southeast Asia retail units to Singapore's UOB for $3.65 bln

Citi to sell four Southeast Asia retail units to Singapore's UOB for $3.65 bln

Citigroup has agreed to sell its consumer business in four Southeast Asian markets to United Overseas Bank (UOB) for S$4.915 billion ($3.65 billion).
January 13, 2022 | 11:21 pm PT
Vietnam's Masan eyes international IPO for retail unit in 2023-2024

Vietnam's Masan eyes international IPO for retail unit in 2023-2024

Conglomerate Masan said it was considering launching an international initial public offering for its consumer retail unit The CrownX in 2023-2024 after raising a further $350 million from a consortium of investors.
December 12, 2021 | 08:54 pm PT
New stock trading accounts hit record 220,000 in November

New stock trading accounts hit record 220,000 in November

More than 220,600 new stock trading accounts were opened in November, a record number and up 70 percent from October.
December 7, 2021 | 06:02 pm PT
US retail sales surge as holiday shopping starts, brightening economic outlook

US retail sales surge as holiday shopping starts, brightening economic outlook

U.S. retail sales surged in October as Americans eagerly started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at the start of the fourth quarter.
November 16, 2021 | 07:38 pm PT
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