Tag Archives: Vietnam

Vietnam’s economic growth to accelerate in 2018


(Source: Retail in Asia | December 28, 2017) Vietnam’s economic growth next year will reach as high as 6.7% in 2018, better than in 2017, the prime minister predicted in October 2017. The Asian Development Bank forecasts 6.5%, but higher than 2017 and stronger than developing Asia overall. Even the more cautious World Bank estimates more growth next year than ...

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Amazon Group has two-step strategy for Vietnam


(Source: Inside Retail Asia | December 18, 2017) Online retail giant Amazon Group has its eye on Vietnam for its next expansion in Southeast Asia. Meeting with the Vietnam e-Commerce Association (VECOM) last week, the group revealed a two-step strategy for Vietnam. As well as exporting goods to Vietnam, it also wants to help Vietnamese small and medium enterprises sell ...

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Vietnam Facebook retailers chased for tax

06-26 Vietnam Facebook retailers chased for tax

(Source: Inside retail Asia/Vietnam Briefing |June 22, 2017) Government officials in Ho Chi Minh City have sent tax demands to 13,500 Vietnam Facebook retailers, urging online businesses to declare earnings and submit their taxes. Under Vietnam’s law, online retailers earning more than VND 100 million (US$4400) a year are required to declare taxes. Taxes are required to be submitted to ...

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Vietnam franchise market holds great potential for F&B


(Source: Inside Retail Asia | 2 May 2017) Five successful international F&B franchises have outlined why they see Vietnam as the next major potential market to seek partners and franchisees. Senior executives from Little Caesars, Presotea, Element Fresh, The Boiling Crab, and Grimaldi’s participated in a franchise discovery day in Hanoi last week, organized by Ho Chi Minh City-headquartered, regional ...

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Vietnam convenience store growth to lead Asia


(Source: Inside Retail Asia | 28 March 2017) Vietnam will be the fastest-growing convenience market in Asia by 2021, predicts international grocery research organization IGD. According to the researcher, Asia’s grocery market will be the largest in the world with predicted 6.3 percent of compound annual growth rate, up to US$4.8 trillion by 2021. Of that, the convenience store sector ...

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Yellow Cab Pizza to open 12 stores in Vietnam


(Source: Business News Asia | 09 February 2017) Yellow Cab Pizza is opening its first store in Vietnam through a partnership between Yellow Cab owner Max’s Group Inc (PSE:MAXS) and Vietnam’s Blue Star Food Corporation. Here are some fast facts about Yellow Cab Pizza’s debut in Vietnam: Max’s Group and Blue Star Food to Open a Dozen Yellow Cab Pizza ...

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Vietnam’s retail sales leap to US$118 billion


(Source: Retail in Asia | 11 January 2017) The General Statistics Office has estimated Vietnam’s 2016 retail revenue at US$118 billion, a 10.2% rise over the previous year. This revenue growth rate was relatively high compared to other markets in the region. Notably, food and foodstuff sales increased by 13%, followed by household appliances with 11.4% and textiles and garments ...

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Korean retailer E-mart pledges $200m in Vietnam


(Source: Inside Retail Asia | 14 September 2016) Korean retailer E-mart has announced a US$200 million investment into Vietnam. The agreement between the Shinsegae-owned discount giant and Ho Chi Minh City was signed last week and will see E-mart invest in building supermarkets, commercial facilities and local ‘social development’ facilities over the next four years. Last year, the Korean firm ...

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Vietnam attracts foreign investors as electronics retail industry booms


(Source: Tech Wire Asia | 24 August 2016) Foreign direct investors have been flocking to Vietnam due to a fast-growing retail industry driven by the electronics sector, as growth in their own home countries have slowed. Vietnam welcomed an estimated US$13 billion of newly registered capital,according to the VnExpress, in the first half of this year, up 1.5 times from 2015. ...

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Sizzlin’ Steak heads to Vietnam


(Source: Inside Retail Asia | Sept. 7, 2015) Filipino corporate restaurateur Max’s Group is to launch its Sizzlin’ Steak concept in Vietnam. Max’s Group is the largest casual dining restaurant company in the Philippines. It owns Yellow Cab Pizza, which it recently launched in the UAE. Sizzlin’ Steak is an eight year old Japanese steak barbecue concept, serving steak and ...

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