The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
According to statistics from Yuanta, market-wide revenue and post-tax profit rose by approximately 20.1% and 50.8% year-on-year, respectively, buoyed by the low comparative base of 2024.
Hanoi’s total retail sales of goods and consumer services revenue reached 77.5 trillion VND ( over 3 billion USD) in October, up 2.7% month-on-month and 9.4% year-on-year, according to the municipal People’s Committee.
The fertiliser, retail, livestock, banking and logistics sectors are expected to witness significant profit growth in the third quarter (Q3), ranging from 22% to an impressive 1,620%, a recent report has revealed.
Samsung Vietnam on October 4 announced the grand opening of Samsung West Lake, a new retail store at the Lotte Mall West Lake shopping centre in Hanoi.
Retail activities in Vietnam saw an impressive 8.5% increase in February, marking a significant boost in the country's economic outlook for the early months of 2024, reported an article published on the Hong Kong-based news site bnnbreaking.com on March 6.
Retail petrol prices were revised down from 3pm on November 23 in the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Ho Chi Minh City’s economy showed significant improvements in the first half of this year, especially in retail, services and tourism, heard a meeting held by the municipal People’s Committee on June 29.
Thai retailer Central Retail Corporation has unveiled a five-year plan to invest more than 30 billion THB (829.34 million USD) to expand its operations in Vietnam.
The COVID-19 pandemic has drastically changed the retail industry over the past two years. However, despite the 'boom' in online shopping during the pandemic, the thirst for offline shopping experiences will return, creating a new growth engine for the sector.
Retail of goods has seen positive growth in the first ten months of this year, reported the Ministry of Industry and Trade (MoIT)’s Department of Domestic Markets.
Vietnam needs to pay special attention to promoting development of industrial production and retail as both sectors may continue to be affected by COVID-19 outbreaks, according to the World Bank (WB).
Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB).
Vietnam’s retail sales growth will bounce back to pre-COVID-19 levels next year, reaching 8.5-9 percent year-on-year, according to VNDirect Securities.
Vietnam’s total investment abroad was estimated at 508.14 million USD in 2019, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Purchasing power has rising during the first 10 months of the year and total revenue for goods and services hit 4 quadrillion VND (172.5 billion USD), an 11.8 percent increase compared to the same period last year, according to the General Statistics Office (GSO).
