The 2023 Vietnam Int’l Retailtech & Franchise Show attracts more than 250 domestic and foreign brands (Photo:COEX)
HCM City (VNA) - The 14th Vietnam International Retail Tech and Franchise Show (VIETRF) 2023 kicked off on November 2 in Ho Chi Minh City.
The event brings together more than 250 domestic and foreign brands, introducing technology applications in retail operations, artificial intelligence, data analysis, digital assistants and robots, virtual reality (VR) technology, augmented reality (AR), among others.
Franchise brands are found in various fields such as beauty and healthcare, education, household services including household appliance repair and cleaning, human resource training and coaching, and financial services, among others.
Nguyen Phi Van, Chairwoman of Go Global Group said the franchising industry in Vietnam is becoming more vibrant than ever with a variety of industries participating in activities. The event is considered a good opportunity for the business community and investors to learn and meet new franchise brands in many new fields.
Several activities will also be held during the three-day event, including seminar series "Franchising 2023 - Improvisation and Development in Crisis", updating domestic and foreign franchise market information for businesses, organisations and individuals.
In addition, when participating in the seminar series, visitors will have the opportunity to access new retail trends, as well as solutions to seize opportunities in the current economic period.
Vietnamese businesses and brands are taking part in Agri-food Tech Expo Asia (AFTEA) and Franchising and Licensing Asia (FLA) underway in Singapore from October 26-29.
Vietnam has a lot of opportunities for franchising, with many businesses having the capability to become a franchisee, even a master franchisee, a recent conference has heard.
The explosive growth of beverage brands, especially milk tea in Vietnam, proves the attractiveness of a market of one hundred million people and is a result of franchising business activities.
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
The 2023 Vietnam Int’l Retailtech & Franchise Show attracts more than 250 domestic and foreign brands (Photo:COEX) 
