Hm launches market

Hanoi (VNS/VNA) - A crowded moon cake market has caused a drop in sales for many stalls ahead of Mid-Autumn Festival. The big day is on October 1 – the 15th day of the 8th month on the lunar calendar, but the moon cake market is still quiet. Popular moon cake brands like Kinh Do, Nhu Lan, Dong Khanh, Hanoi Confectionery and Thu Huong Bakery are traded on stalls in the most crowded areas in Hanoi and HCM City. Despite an increase in discounts and promotions, fewer people are shopping at moon cake stalls than last year. Nguyen Thi Huong, the owner of a moon cake stall on Pham Van Dong Street in HCM City’s Thu Duc District has struggled this year. “I have to use a 'buy 1 get 1' board to attract customers but some just stop to see the price list. Some still buy the products but they are much fewer than ever before," she said. Le Minh Tam, who runs a moon cake stall on An Duong Vuong Street, District 5, told Tin Tuc newspaper: … [Read more...] about Moon cake market competition heats up

With the sharpest revenue decrease in history, mobile phone retail chains in Vietnam experienced a memorable year in 2020. At the moment when the share prices plunged because of Covid-19, Nguyen Duc Tai, co-founder and president of The Gioi Di Dong, predicted that the outbreak in the country would be contained by June (2020) and the purchasing power would recover. With a vaccine, it would be controlled, but, if not, businesses would suffer in the future. … [Read more...] about 2020 – unprecedented year for mobile phone retail chains

As Vietnam is doing well in its containment of the CODI-19 pandemic, it is expected the country’s tourism sector will gradually recover in 2021. In this context, enhancing connectivity between tourism service providers and promoting the role of major travel companies are both crucial factors for domestic tourism to reboot itself post-COVID-19. Therefore, more drastic measures are needed to remove the above-mentioned obstacles and increase the efficiency of tourism connectivity, thus enhancing the overall competitiveness of Vietnam’s tourism. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

Insiders said leather-footwear production is mostly limited to Cut, Make, Trim activities, and exports were mostly done via intermediaries rather than directly with importing brands. Companies involved often lack human resources for information updates on markets and customers. Most of them produce goods following orders. Their reliance on imported materials also hinders them from meeting origin rules set by new-generation free trade agreements. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 15

This comes after the Ministry of Health sent a dispatch to the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, and the People's Committees of various provinces and cites in late November to order to test samples of imported food packaging. This is aimed at checking items brought in from countries with large novel coronavirus (COVID-19) outbreaks in an effort to stop any potential exposure to the virus. … [Read more...] about VIETNAM NEWS JANUARY 15