People shop at Vinamart Bien Hoa in southern Dong Nai province (Photo: VNA)
Hanoi (VNA) 🌌– Several domestic retailers have been actively changing their business strategies to improve their distribution channels after big foreign supermarkets such as Big C and Metro increased discount levels to 20-25 percent.
Vu Vinh Phu, Chairman of the Hanoi Supermarket Association said Vingroup for example has been continuously expanding their retail system to around 600 Vinmart mini markets and convenience stores nationwide after acquiring the supermarket systems of Oceanmart, Vinatexmart and maximark.
Vingroup has directly invested into their partners as well as signing with producers and suppliers to develop VinEco agricultural products meeting VietGAP standards. The group also set targets to become one of leading suppliers for processed products.
This has been one of their steps to reaffirm Vingroup’s brand name and enhance competitiveness in the retail market, Phu added.
The Saigon Union of Trading Co-operatives (Saigon Co.op) has improved the quality of its current supermarkets and is planning to build new business models for different market shares.
Saigon Co.op expects to open 10 new Co.opmart supermarkets in big cities and 20 other small and medium sized supermarkets. By the year 2020, they plan to have 130 Co.opmart supermarkets, 8-10 Co.opXtra and 3-5 Sense City commercial centres. Nguyen Thanh Nhan, Saigon Co.op’s deputy general director said they are committed to cooperate with Vietnamese producers despite pressure in the retail market. Up to 90 percent of goods in their supermarket system are Vietnamese goods.
In addition, Saigon Co.op would continue to research and develop e-commerce, on top of convenience stores to widen their network. This could help local producers in the market, Nhan said.
Saigon Co.op would give priority to Vietnamese goods to help consumers access locally produced products.
Vi Van Quyen, Director of the Ministry of Industry and Trade’s Domestic Market Department said if Vietnamese businesses ensure product quality, they would not be dependent on foreign distribution channels. Especially, the association between retailers and producers would help them to overcome difficulties, Quyen said. However, he said domestic firms should invest into modern science and technology and take advantage of knowing Vietnamese habits to provide suitable products which could compete in both local and foreign distribution channels.
Vietnam’s businesses have also been urged to find new niche markets. The ministry would facilitate local firms in expanding their networks and renewing technologies, he said.-VNA
Vietnamese producers of consumer goods should invest more in improving product quality and develop close links among themselves to negotiate better with foreign-owned retailers, a seminar heard.
Modern retail channels will account for 40 percent of the total retail sales by 2020, compared to only 25 percent at present, pushing domestic retailers into a fierce battle with foreign firms.
The local retail community has asked the Government to develop policies to help the industry compete with foreign counterparts as a more liberal trade environment has intensified competition recently.
Vietnam's retail market is seeing M&A deals between local retailers and foreign partners to increase competitiveness and ensure int'l integration, but they still need a development plan from the State
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
People shop at Vinamart Bien Hoa in southern Dong Nai province (Photo: VNA)
