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Finally, as the standard of living is improving around Vietnam, the need for consumer durable loans and two-wheeler loans issued at the point-of-sale (POS) continues to grow steadily. FE CREDIT’s total loans at POS make up 9 per cent of the total loan book and grew nearly 10 per cent vs. the first quarter. It has captured the increase in market demand by boosting strategic partnerships with leading retailers who make up the bulk of the home appliances and two-wheeler sales in Vietnam. … [Read more...] about BUSINESS NEWS OCTOBER 11

The three sides will coordinate to register, manage and protect shrimp brands in Bac Lieu. The Viet Uc Group will help the province to develop its shrimp brands in line with national and international standards, while brand promotion campaigns will be designed and carried out by the locality, the Viet Uc Group and FLC Group, with promotional events held once a year at an FLC resorts or at high-tech shrimp farms owned by the Viet Uc Group. … [Read more...] about BUSINESS NEWS OCTOBER 12

The concept of 7 Bridges Brewing Company formed in the summer of 2016 and R&D started in September 2016. During that time, the founder was brewing test batches aiming for commercial production, which commenced in April 2017 once the license was issued. R&D is a key element of its business model and involves constant re-investment in production systems, sales outlets, and product recipes. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

On behalf of the Political Bureau, Tran Quoc Vuong, Politburo member and permanent member of the Party Central Committee’s Secretariat read the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the 12th Party Central Committee’s draft Political Report and the draft report on the 10-year implementation of the Platform on national construction during the transitional period to socialism (revised and supplemented in 2011). … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13

At the end of the ceremony, deputy head of the Central Steering Committee for Disaster Prevention and Control Tran Quang Hoai introduced three activities, including the “Be va cac vi than” (Kids and Genies) programme, a contest on disaster prevention for members of the Ho Chi Minh Vanguard Children’s Union, and a ceremony to launch the first national press award on disaster prevention and control./. … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 13

According to the statistics from the market research company Asia Plus, in Vietnam’s retail market, for the supermarket and hypermarket segments, Vietnamese retail businesses account for nearly 70% of selling points out of a total of 479 points, of which VinMart accounting for 120 venues and Co.op Mart having 116 ones. For shopping malls, Vincom accounts for more than 60% with 67 out of 96 selling points. While in the growing model of convenience store and mini-supermarkets, this number is also overwhelming with more than 80% of the selling points are domestic enterprises out of over 3,000 venues. In particular, VinMart+ alone accounts for more than 1,800 points, The gioi di dong (Mobile World) more than 500 points and Santra Food over 200 venues. … [Read more...] about Vietnamese retailers seize opportunities to conquer domestic market