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
Supermarket ho chi minh
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
Ho Chi Minh City plans more safe farm produce markets
The first market opened in August 2016 at the Dong Ho Restaurant in District 10. Initially it opened every other week, but now it opens on Saturdays. Similar markets now operate every Sunday at Le Van Tam park in District 1 and Le Thi Rieng Park in District 10. Each market features around 20 producers and traders selling rice, vegetables, fruits, poultry, pork, and seafood. Around 500-1,000 people shop at each market every week, bringing in VND 175-265 million (USD 7,700-11,600) in revenues, according to the department. Le Ha Mong Ngoc, Director of Nam Viet (Vietnamese mushroom) Biotech JSC and head of Nam Viet Cooperative, sells her produce at these markets though they are also sold to major supermarkets. Photo: danviet.vn Selling there is a good way to learn about the market and consumer, she said. “Customers who shop at these markets are highly aware of food safety and hygiene.” Over time customers place orders by phone, and … [Read more...] about Ho Chi Minh City plans more safe farm produce markets
Ho Chi Minh City: Towards Tourism Festival 2013
(Cinet)- Ho Chi Minh Department of Culture, Sports and Tourism is actively implementing plans to organize tourism festival 2013, held from April 4 to 7 in September 23 Park, District 1. The festival, themed “Ho Chi Minh City Tourism: Trademark – Integration – Development”, will include a festival to honour the leading trademarks of the city, an exhibition of beautiful photographs on Vietnam tourism, the first HCMC young tourism ambassadors competition, and other sporting activities to attract more tourists, Travel supermarket, great service from the tour operators, hotels, restaurants, attractions, entertainment, ect. During the festival, tourists will have chances to access promotions on tour prices and preferential services from travel businesses, hotels, restaurants, visiting places and recreation areas. The Festival is a traditional event of the city’s tourism sector to honour prestigious tourist trademarks domestically, and offer opportunities … [Read more...] about Ho Chi Minh City: Towards Tourism Festival 2013