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Vietnam is the holy grail for global beer companies, with the market continuing to grow while many others have flatlined, but the competition is fierce (Photo: VNA) Moving cases beer at a Sabeco factory (Photo: VNA) HCM City (VNS/VNA) - Vietnam is the holy grail for global beer companies, with the market continuing to grow while many others have flatlined, but the competition is fierce.    The country’s beer market, now exceeding the four-billion-litre mark, is expected to reach 4.6 billion litres by 2025 and 5.5 billion litres by 2035. It has always grown at over 5 percent even as many other markets plateaued or declined in recent years. All these mean not only foreign investors but also large domestic companies in other sectors cast covetous glances at it. Thai conglomerate TCC Group, after buying a majority stake in the Saigon Beer Alcohol and Beverage Corporation (Sabeco), is now eyeing shares in other brewers. Dutch company … [Read more...] about Vietnam’s beer market sees fierce competition

Foreign retailers, from Metro, Auchan, Casino Group to Parkson, have had to leave Vietnam because they did not understand the market well. Nguyen Anh Duc, deputy general director of Saigon Co-op, said he once criticized Co-opmart SCA Hanoi, a branch of Saigon Co-op, because the supermarket displayed old bananas for sale on inauguration day. Foreign retailers, from Metro, Auchan, Casino Group to Parkson, have had to leave Vietnam because they did not understand the market well. Localization means gathering the tastes and shopping needs of local consumers to build up a list of products for supply that can satisfy needs. Personalization is understanding shopping culture and demands for experience during the shopping process in order to offer new creative shopping models to attract customers. Nearly 2,600 supermarkets and sale points in 50 provinces/cities throughout the country and the data about 8 million customers are the important factors for VinCommerce to build a strategy. … [Read more...] about The costly competition in the retail industry

The newly opened Ngoc Linh Ginseng Museum in HCM City boasts over 400 varieties of the healing plant called a national treasure.  A 250sq.m museum includes displays, pictures and a national map depicting the distribution of varieties of Ngoc Linh ginseng. VNA/VNS Photo The museum opened in early December at No. 374 Nguyen Son Street in Tan Phu District. It includes a display of Ngọc Linh ginseng tubers that are worth billions of Vietnamese dong. Nguyen Tan Viet, museum director, said that Ngoc Linh ginseng, which has medicinal properties, reflects the history and culture of Vietnam. "Having researched for years, I had a strong desire to build a museum so that others could appreciate and learn more about this precious ginseng species," Viet said. The museum is open to the public daily except Tuesday. – VNS Ginseng men in the midst of Ngoc Linh forest A group of men neatly wrapped themselves in three layers of clothing in the middle of a summer night in July, … [Read more...] about Ngoc Linh Ginseng Museum opens in HCM City

Prime Minister Nguyen Xuan Phuc (R) and General Director of Zarubezhneft JSC Sergey Ivanovich Kudryashov (Photo: VNA) Hanoi (VNA) – The Vietnamese Government always gives the top priority to oil and gas cooperation projects with Russia, said Prime Minister Nguyen Xuan Phuc at a reception for General Director of Zarubezhneft JSC Sergey Ivanovich Kudryashov in Hanoi on December 13. The PM described Russia as a reliable partner of Vietnam throughout the history, and welcomed the Russian company’s willingness to cooperate with Vietnam. Kudryashov recalled his impression about PM Phuc’s visit to Zarubezhneft headquarters during his official visit to Russia in May 2019. He informed the PM about the good business outcomes of petroleum joint ventures between Zarubezhneft and the Vietnam Oil and Gas Group (PetroVietnam), which are Vietsovpetro in Vietnam and Rusvietpetro in Russia. Zarubezhneft has been actively promoting key cooperation projects in the field of oil and … [Read more...] about Vietnam prioritises oil and gas cooperation projects with Russia: PM

Pianist Anna Grot (Photo courtesy of the Saint Petersburg House of Music) Hanoi (VNS/VNA) - Pianist Anna Grot and violinist Polina Borisova from Russia will present a classical music performance as part of the framework of the annual programme Arts Ambassador in big cities on June 6-8. The event is being held by the Russian Centre for Science and Culture in Hanoi, in collaboration with the Saint Petersburg House of Music, to mark the National Day of Russia. The concert will feature outstanding pieces created for violin and piano by world famous composers including Nikolay Rimsky-Korsakov, Franz Liszt, Pyotr Ilyich Tchaikovsky and Alexander Glazunov. Due to their outstanding talents, the young artists have won prestigious awards at numerous music competitions in both Russia and throughout the world. Borisova was born in Ryazan, in 1988. When she was four, she started her music education at children’s music school. In 2007, Polina finished the Chopin Moscow State College of … [Read more...] about Russian artists to delight Vietnamese audiences with classical concerts