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Tag: retail

How to Open a Retail Store in Vietnam: Ultimate Guide 2025

Opening a retail store in Vietnam for foreign firms, however, is not always easy. Not only are there a number of technical requirements that need to be met, but Vietnam has also developed its own retail store culture, putting its own twist on retail store shopping experiences…

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Does Vietnam Have a Private Consumption Problem Too?

When reports of a private consumption problem in China surfaced, it made sense to wonder if Vietnam might be facing those same problems too. And indeed, whereas it’s fairly easy to assume that Vietnam’s booming economy might correlate to booming consumer consumption, the numbers paint a somewhat different picture…

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Concerns re: Low domestic consumption spark response from Vietnam PM

Overall, local media coverage suggests broad consensus that there is a domestic consumption problem, relative to past experiences, in the lead up to the Lunar New Year. That said, there does not seem to be much in the way of analysis of the specific aspects of the Prime Minister’s Directive or how it might manifest in a practical sense…

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Temu in Vietnam: What’s Fair in Free Trade?

When Chinese e-commerce giant Temu officially launched in Vietnam last month the hype was palpable. Not only had the firm dropped a small fortune on advertising but it had also ruffled feathers in Vietnam’s business community: Temu’s goods were too cheap and Vietnamese producers could not compete. With a narrative containing two things Vietnamese love–huge discounts and hating on China–the local media piled on…

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Vietnam Online Shopping: Industry Overview 2024

Online shopping in Vietnam has grown rapidly in recent years, driven by increased internet access, smartphone usage, and a tech-savvy population. Both domestic and international eCommerce platforms play key roles in this expanding market…

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Vietnam cosmetics imports down 11.2 percent August over July

Vietnam’s imports of essential oils and resinoids, perfumes, cosmetics, and toilet preparations climbed by 11.2 percent in August over July from US$119.7 million to US$133.1 million. Vietnam’s cosmetics imports for the year now stand at US$932 million which represents an increase of 16.7 percent over the same period last year.

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Vincom Retail: Vietnam Stock Overview

Notably, VRE has successfully opened three Vincom Plaza malls and one Vincom Mega mall so far this year. It had initially planned to open six malls this year, but one mall is set to be delayed until 2025…

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Mobile World (retail): Vietnam Stock Overview

In the first six months of 2024, MWG’s revenue increased by 15 percent compared to 2023 due to a broader economic recovery, stimulating consumer spending. Profit after tax also surged to US$84.1 million compared to US$1.6 million in the first half of 2023. This improvement was primarily driven by strategic restructuring efforts–the company laid off 5,936 workers and closed a bunch of underperforming stores…

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Vietnam’s Retail Industry: Overview 2024

Traditional retail formats like markets and street vendors continue to coexist with modern outlets, catering to diverse consumer preferences. As the market matures, retailers are focusing on omnichannel strategies and enhanced customer experiences to differentiate themselves in this dynamic sector. Challenges such as intense competition and regulatory complexities remain, but the overall outlook for Vietnam’s retail industry remains positive, presenting substantial opportunities for growth and innovation.

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Vietnam’s Economics Needs Tests for Foreign Retailers in 2024

In Vietnam, the Economic Needs Test applies to foreign-invested enterprises wishing to open retail outlets beyond their first store. The ENT process is designed to assess whether the opening of additional retail stores would meet the local economic demand. This can take time and effort, however, it is a necessary

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Thai retail chain opens new mall in northern Vietnam

Of note, Central Retail recorded revenue in Vietnam of about US$777.4 million in the first half of this year. This was up from US$760 million last year. It was, however, also in the context of a 0.8 percent fall in sales in the Vietnam market for the retailer…

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