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Tag Archive for ‘HCM City’

NA panel to supervise management of Vietnam’s foreign loans

A delegation of lawmakers will supervise the implementation of laws and policies on the management and use of foreign loans. The delegation was set up under a resolution issued by the National Assembly Standing Committee. It will evaluate the issuance of legal documents and the implementation of policies and regulations relevant to the management and […]

Vietnamese manufacturers ‘forget’ food market for Muslims

The food market for Muslims is vast, with estimated value of $580 billion worldwide, but Vietnamese enterprises still have no business strategies to conquer the market. Nguyen Phi Van, franchise advisor to the Malaysian government, met with 10 Vietnamese businesses before they attended a trade fair in Thailand in early August. The businesses included well-known […]

Hanoi, HCM City copy Dong Thap’s ‘businessmen café model

On August 24, a new ‘Businessmen’s Café’ opened in the northern province of Quang Ninh. Such special cafes have opened in many cities and provinces throughout the country, acting as a rendezvous point for local authorities and business people. In Dong Thap province, at a corner of the provincial People’s Committee office’s campus, some stone […]

HCM City seeks to mobilize capital from private sector

With public funding only able to meet a fifth of the VND1.8 quadrillion (US$80 billion) required for development works in HCM City’s in 2016 – 20, municipal authorities are striving to involve the private sector. According to Su Ngoc Anh, Director of the city Department of Planning and Investment, many new measures and policies have […]

Vietnamese consumers prefer small convenience stores over giant supermarkets

Some years ago, analysts predicted that modern distribution channels would develop rapidly in Vietnam as income continued to rise. The prediction has been realized, but convenience stores, not large supermarkets, are the favored channel. Market analysts have found that consumers now prioritize convenience when choosing shops. They are no longer excited about the opening of […]

More people in Vietnam search for real estate online

These days, people have shown a tendency to search for property information online, according to a new report of real estate website batdongsan.com. Statistics showed that website traffic hit 10 million per month, three million higher than 2016. The website also witnessed changes in the trend of using devices for searching, with mobile phones accounting […]

Foreign real estate brokers expanding in Vietnamese market

The property market segments which bring the highest profits are mostly controlled by foreign enterprises. In July, ERA Real Estate, a foreign broker, quietly opened five transaction points and one commercial office in the central business district of HCM City. The company now has 300 consultancy officers trained and certified in accordance with international standards. […]

Convenient stores run for market share in HCM City

Businesses in HCMC have been rushing to open convenient stores, which now total 1,050 with the growth rate of 100 percent for the last three consecutive years, according to reports by the Department of Industry and Trade. After owning over 100 Co.op Food stores mainly selling food, foodstuff, fresh and processed food and other essential […]

Vietnam’s August 2017 retail sales in huge surge

Vietnam’s total revenue from retail sales and services reached 2.58 quadrillion VND (114.7 billion USD) in the first eight months of this year, a year on year increase of 10.3 percent, reported the General Statistics Office (GSO). The figure amounted to an 8.9 percent increase, excluding the price factor, the highest rise recorded since the […]

British firms want to join Tan Son Nhat airport expansion project

UK Ambassador to Vietnam Giles Lever had a working session with Vietnam’s Ministry of Transport on August 29, conveying British businesses’ intention to participate in the expansion of Tan Son Nhat International Airport in Ho Chi Minh City. He said the UK aviation industry wants the Vietnamese ministry to provide information about the Tan Son […]