Domestic businesses are seeking to develop the rural retail market given fierce competition from foreign rivals, according to Cong Thuong (Industry & Trade) newspaper.
Hanoi (VNA) – Domestic businesses are seeking to develop the rural retail marketgiven fierce competition from foreign rivals, according to Cong Thuong(Industry & Trade) newspaper. Vietnam waslisted among the world’s 30 most attractive retail markets by the US’s ATKearney Company. Statisticsfrom the Ministry of Industry and Trade showed that foreign-invested companies makeup about 17 percent of retail market share via trade centres and supermarketsand 70 percent via convenience stores.
President ofthe Vietnam Retailers Association Dinh Thi My Loan said the Vietnamese retailmarket has become more attractive since the country signed free tradeagreements.
Policies attracting customers and increasingcompetitiveness have been implemented, she added.
Some foreign firms have increased theirengagement in the race to dominate retail in Vietnam.
For example, Aeon – a Japanese🥀 retail giant, hasopened four trade centres in Vietnam and plans to increase this number to 20 by2020.
Japan’s 7-Elevenconvenience store chain also announced plans for stores in Ho Chi Minh Citylast February.
Other overseas groups such as Lotte of theRepublic of Korea and Central Group of Thailand have expanded their marketshare in Vietnam and plan to double and triple their number of stores in theupcoming years.
Therefore, the expansion of goods distributionin rural areas is considered a way for domestic companies to increasecompetitiveness.
Director of the Business Studies and AssistanceCentre Vu Kim Hanh said rural areas have hig❀h potential.
If domesticcompanies don’t seize the chance to dominate this segment, foreign retailerswill make use of it, she added.
Vo Van Quyen, head of the Domestic MarketDepartment under the Ministry of Industry and Trade, said the golden populationstructure and increasing local income are attractive factors of the ruralmarket.
Average purchasing power in rural a🌠reas has grown15 percent in recent years, he said, adding that Vietnamese retailers could securethe rural market by selling products at rea꧂sonable prices.
To dominatethis market, Vingroup plans to open an additional 70-80 supermarkets and 1,500stores in remote districts.
Meanwhile, the Saigon Union of TradingCo-operatives (Saigon Co.op) has built a strategy to make inroads into therural market via selling essential commodities at supermarkets and conveniencestores.-VNA
Deputy Prime Minister Trinh Dinh Dung has asked ministries and authorities to support local retailers while better managing the operations of foreign retail firms.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Vinmart supermarket (Photo: VNA) 
