Shoppers at a Saigon Coop supermarket (Photo: sggp.org.vn)
Hanoi (VNA) - Modern distribution channels in Vietnam will bediversified by small stores in 2021, especially minimarts, market researchersNielsen have said.
This diversification will create significant competition between different typesof retailers, so they must capitalise on their own strengths.
Supermarket customers are generally older, aged 50-65, while Vietnamese aged 18-24prefer convenience stores and most shoppers at minimarts are 25-34 years of age.
Nielsen suggested that supermarkets accommodate changing customer shoppinghabits, improve the customer experience in shopping and payments, and enhancedigital application and online and offline cooperation.
Other market researchers have said that retailers with abundant resources,strong market understanding, and updated business strategies will gain a competitiveedge.
Saigon Co.op has moved to diversify its retail format, to lead the market inproduct quality and food safety, promote the development of its own brands, andcomplete a modern supply chain.
It targets adding 136 stores in 44 cities and provinces to its network thisyear, serving 2 million shoppers every day. It is also focusing on completing logisticsfacilities, upgrading services, and expanding new cashless payment methods.
The BRG Group, meanwhile, has decided to shake hands with Japan’s SumitomoCorporation in a bid to secure the lion’s share of Vietnam’s retail market./.
As many as 40,000 mom-and-pop stores nationwide have been digitalised thanks to the VinShop mobile app developed by Vietnam’s biggest conglomerate Vingroup.
Despite a raft of difficulties facing Vietnam’s retail market, economists and insiders are still optimistic about the outlook for the sector in the time ahead, according to the Vietnam Report JSC.
An influx of foreign investment, the rise of e-commerce, and the sound containment of COVID-19 are believed to have driven growth in HCM City’s retail sector despite the considerable impact of the pandemic, according to the Cong Thuong (Industry & Trade) newspaper.
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.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Shoppers at a Saigon Coop supermarket (Photo: sggp.org.vn) 
