Retail

Vo Thi Phuong Mai, deputy director and head of retail services, CBRE Viet Nam, said the pandemic had generally impacted direct visitor traffic but created opportunities for small and medium-sized models such as convenience stores and pharmacies and, especially, e-commerce. … [Read more...] about Retail businesses adapt to Covid-19, go online

Economist Dinh Trong Thinh told VIR that the increase is much lower than in previous years. However, any growth is good news in the context of the pandemic, as during social distancing, entire manufacturing and trade activities were disrupted. In addition, the income of a large portion of the populace decreased, leading to a reduction in the consumption of non-essential goods. … [Read more...] about Versatility letting retail grow anew

HCM City (VNS/VNA) - Retailers in Ho Chi Minh City have quickly adapted to the situation caused by the COVID-19 pandemic by resorting to e-commerce and delivery services. In the first eight months of the year, only retail grew among all the service sectors. A report by the city’s Department of Industry and Trade said retail revenues topped 503 trillion VND (21.78 billion USD), an 8.3 percent increase year-on-year. Direct shopping revenues fell, but online sales saved many businesses. Vo Thi Phuong Mai, deputy director and head of retail services at CBRE Vietnam, said the pandemic had generally impacted direct visitor traffic but created opportunities for small and medium-sized models such as convenience stores and pharmacies and, especially, e-commerce. "E-commerce is a bright spot that has supported physical stores during the pandemic," she said. Saigon Co.op, a traditional retail giant established in 1996, has moved towards multi-channel sales in recent years. Do Quoc … [Read more...] about HCM City’s retail firms adapt to COVID-19, go online

Hoang Dieu Trang, Savills Vietnam's Senior Manager on Commercial Leasing, said tenants of shophouses have reduced in Hanoi, especially in the busy business areas, after the social distancing because of “supply chain disruption and restructuring of business activities of the tenants.” … [Read more...] about Vietnamese traders have difficulty to maintain retail spaces

“I can’t do them all but I still take about twice the work I used to, which is why I need to head out at 4 or 5 in the morning,” said You in the city of Suwon, south of Seoul, as he answers telephone calls and tightens ropes around tables and chairs on his truck. … [Read more...] about Liquidation business booms in South Korea as wave of small retailers close due to virus