Sumitomo buying share of Simple Mart Sumitomo has invested millions of US$ in this joint-venture and would have the rights to choose its president, while BRG would control the company. The new supermarkets will make use of Summit’s point-of-sale system as well as a loyalty program to stock products efficiently according to customers’ shopping tendencies. CEO of Nielsen Viet Nam Vaughan Ryan said that the country has a total of 600,000 retail points of sale, in which the modern retail channel is 1,200 points, accounting for 25% of the market share. The rate is projected to increase to 45% by 2020. Under this context, Viet Nam’s retail market remains open for both local and foreign companies, said Ryan. Viet Nam has seen a notable growth in its middle class in recent years as its population closes in on 100 million and, with real GDP climbing at a high rate, the domestic consumer market is forecast to expand rapidly. Viet Nam’s traditional retail … [Read more...] about Japan’s Sumitomo to open first supermarket in VN
Supermarket ho chi minh
Strengthening consumption of local specialities in Big C supermarkets
In order to expand the consumption market of local specialities and promote agricultural production in localities, the “Week of Yen Bai’s specialities in Hanoi 2018” has been launched on November 30 at Big C Thang Long supermarket. Le Thi Hong Hao, general director of the Ministry of Health's National Institute for Food Control, handing over the certification attesting to the quality of local specialitiesto the director general of Big C Thang Long This programme is organised by the Yen Bai Department of Industry and Trade in collaboration with Central Group Vietnam and will last until December 9, 2018 at 15 Big C supermarkets in the northern region in order to strengthen demand and added-value, as well as develop Vietnamese agricultural brands. During the event, people in Hanoi and neighbouring provinces will be able to experience and purchase Yen Bai’s most famous specialities certified for food hygiene and safety, such as smoked buffalo/pork meat, … [Read more...] about Strengthening consumption of local specialities in Big C supermarkets
AEON sells stake in Vietnamese supermarket chain
A senior AEON official, who asked not to be named, said that the company has sold its entire stake in Fivimart to a Vietnamese firm after three years of cooperation. The source did not reveal the value of the deal. Starting Friday, the AEON logo has been covered in many Fivimart supermarkets. The company’s official Facebook fanpage updated a new profile picture without the AEON logo and its website says “under upgrade and construction.” In 2015, AEON acquired a 30 percent stake in Fivimart from its owner Nhat Nam Joint Stock Company. Fivimart outlets have risen from 10 then to 23 now. The deal saw Fivimart’s revenue increase, by as much as 20 percent a year for some time. But the company has been reporting losses for the last three years, attributing it to high costs. It lost 60 billion ($2.58 million) in 2015, VND96 billion ($4.13 million) in 2016 and VND23 billion ($989,600) last year. At the end of last year, Fivimart reported an … [Read more...] about AEON sells stake in Vietnamese supermarket chain
AEON sells stake in Vietnamese supermarket chain to third party
A senior AEON official, who asked not to be named, said that the company has sold its entire stake in Fivimart to another Vietnamese firm after three years of cooperation. The source did not reveal the value of the deal. Starting Friday, the AEON logo has been covered in many Fivimart supermarkets. The company’s official Facebook fanpage updated a new profile picture without the AEON logo and its website says “under upgrade and construction.” In 2015, AEON acquired a 30 percent stake in Fivimart from its owner Nhat Nam Joint Stock Company. Fivimart outlets have risen from 10 then to 23 now. The deal saw Fivimart’s revenue increase, by as much as 20 percent a year for some time. But the company has been reporting losses for the last three years, attributing it to high costs. It lost 60 billion ($2.58 million) in 2015, VND96 billion ($4.13 million) in 2016 and VND23 billion ($989,600) last year. At the end of last year, Fivimart reported an … [Read more...] about AEON sells stake in Vietnamese supermarket chain to third party
HCM City’s supermarkets see sales surge during holidays
Supermarkets and shopping malls in HCM City have seen a surge in sales during the long National Day holidays this year. (Source: VNA) HCM City (VNS/VNA) - Supermarkets and shopping malls in Ho Chi Minh City have seen a surge in sales during the three-day National Day holidays this year. Doan Diep Binh, head of branding and communications at Lotte Mart, told Vietnam News: “Sales increased by 25 percent from last year, with processed products, seafood, beer, and soft drinks being the biggest sellers.” Its food court and recreation areas were crowded through the three days from September 1 to 3, he said, adding that promotion programmes greatly contributed to the higher sales. Lotte is offering many promotions until September 4 at its 13 stores nation-wide, including discounts of up to 49 percent on thousands of products and a shock prices programme for its loyal customers, he said. Customers buying Trung Nguyen coffee products worth 90,000 VND at the supermarket … [Read more...] about HCM City’s supermarkets see sales surge during holidays
Int’l food-beverage, packing expos open in Ho Chi Minh City
Introducing products for customers at a pavilion at the exhibition (Photo: VNA) HCM City (VNA) – Around 22,000 domestic and foreign visitors are expected to come to the international exhibitions on food-beverage and on food processing and packing, which kicked off in Ho Chi Minh City on August 8. The 22nd International Exhibition on Food and Beverage and the 22nd International Exhibition on Food Processing, Packing Technology and Equipment (VietFood & Beverage – ProPack) draw the participation of 550 enterprises from 20 nations and territories showcasing their products in 600 pavilions, including seven national ones of India, Poland, the Republic of Korea, Thailand, China and Vietnam. Vietnam’s national booth gathers the country’s giants in the food-beverage field, such as Sabeco, Habeco, Dr. Thanh, and Sagota. Nguyen Khac Luan, General Director of the Vietnam National Trade Fair & Advertising Joint Stock Company (Vinexad), said that Made-in-Thailand … [Read more...] about Int’l food-beverage, packing expos open in Ho Chi Minh City
Experts talk trade in Ho Chi Minh City
Consumers shop at a supermarket in HCM City (Photo: VNA) HCM City (VNS/VNA) – Ho Chi Minh City’s Department of Industry and Trade met with more than 50 experts, researchers and business leaders at a meeting on August 3 to discuss solutions to develop the city’s main products in the trading and services sector. Speaking at the meeting, Nguyen Phuong Dong, the department’s deputy director, said the sector had the highest growth rate among the city’s economic sectors for a number of years. In 2016, the sector contributed 63.2 percent to the city’s gross regional domestic product (GRDP). Under the city’s plan, modern trade channels will account for at least 40 percent of the city’s total retail sales by 2020 and 20 percent by 2025, compared to 25 percent now. This will require great effort from enterprises and city authorities to expand the scale of goods exchange and meet demand of residents in their choice of shopping channels. … [Read more...] about Experts talk trade in Ho Chi Minh City
Hundreds of thousands of visitors arrive at President Ho Chi Minh Mausoleum
Because there was a rise of visitors to the mausoleum compared to normal days, the management board had coordinated with forces in the Ba Dinh Historical-Cultural Relic Complex, and relevant agencies in Hanoi to provide good services to domestic and foreign visitors. In May Day, the management board served drinking water and bread gratis to all visitors. Director of historical monuments Kim Lien in the central province of Nghe An Nguyen Bao Tuan yesterday said thousands of people arrived in the monument in the national holidays. On April 28, the monument welcomed 800 – 1,000 visitors averagely. According to an estimation, over 50,000 people paid visits to Uncle Ho’s fatherland in Sen (Lotus ) village, and the tomb of Uncle Ho’s mother, Hoang Thi Loan, in Dong Tranh mountain. Statistically, in the first quarter of 2018, the monument welcomed 6,734 delegations comprising of 176,657 visitors; of whom, 124 delegations came from 27 nations in the world. Additionally, … [Read more...] about Hundreds of thousands of visitors arrive at President Ho Chi Minh Mausoleum
Made-in-Vietnam products dominate supermarket shelf in HCM City
A report of the city’s steering committee for the campaign said the ratio of Vietnamese goods range from 90-93 percent at Co.opmart stores; 90-93 percent at Satra supermarkets, 96 percent at Vinmart’s and 95 percent at Vissan stores. A conference reviewing the three years of implementing the campaign in Ho Chi Minh City on April 13 heard that positive changes have been seen in public awareness and consumption habit. The campaign also contributed to raising domestic firms’ awareness about the importance of the domestic market. Around 1,000 enterprises in HCM City have earned the title “High-quality Vietnamese goods” for their products. Tran Tan Ngoi, Standing Vice Chairman of the HCM City chapter of the Vietnam Fatherland Front, said the combination of the campaign and a programme to build safe food product chains has helped win more public attention and approval. HCM City intends to push forward with the campaign in 2018-2020 along with providing … [Read more...] about Made-in-Vietnam products dominate supermarket shelf in HCM City
Young follower of Uncle Ho’s example gains success from high will
Bui Minh Thang beside his mushrooms (Photo: SGGP)To gain this success, he has undergone diverse hardships, even big debt. “After each failure, by remembering Uncle Ho’s teachings for young people which highlights that will decides success, I gain determination for action, and finally I succeed,” he said. Born in a family whose members produce mushrooms, after his high school graduation in 2009, Thang decided to start-up by planting mushrooms. He wondered how to expand his family’s mushroom area, to increase the productivity and quality of mushrooms so that it can be competitive with imported mushrooms, and how to attract customers. After days of thought, he answered his questions by applying high technology into mushroom production. His carefully made plans in building mushroom production using modern technology were carried out from a loan worth VND300 million borrowed from his relatives and the fund supporting start-ups of the Cu Chi district Ho Chi Minh city … [Read more...] about Young follower of Uncle Ho’s example gains success from high will