Retail business news

US retail scanner maker opens first Asia plant in HCM City (13-07-2009) HCM CITY — The US-based Datalogic Scanning, the world leader in fixed position retail scanning, opened its first factory in the Asia-Pacific region at the Sai Gon Hi-tech Park last Friday. The facility, capitalised at US$46.6 million, is producing the Magellan bi-optic scanner. It has recruited more than 60 employees, including managers, engineers and technicians, from technical colleges and universities around Viet Nam. When fully operational in 2014, it will employ 400 workers to turn out 1 million units and achieve an annual export of $200 million. "The company has chosen Viet Nam for its largest investment outside the US because this reliable country offers a concrete, win-win scenario for investors like Datalogic," said Brad West, Datalogic Scanning deputy president of operations. Further to this new investment in Viet Nam, Datalogic Scanning plans to develop its business worldwide … [Read more...] about US retail scanner maker opens first Asia plant in HCM City

Promotes veteran Ranga Pothula as managing director and general manager of new region MUMBAI, INDIA  - Media OutReach - 18 June 2019 - Infor , a global leader in business cloud software specialized by industry, announced the India Business Unit (IBU) as a new separate region -- comprising India, Nepal, Bangladesh and Pakistan -- to further accelerate progress and tap growth opportunities in this vast market. Additionally, Ranga Pothula is named managing director and general manager for the IBU to drive the next phase of growth. This move lowers the center of gravity and puts - more so than ever - the Infor customer at the pivot of all engagements, a shift that is aimed to enhance customer satisfaction and experience. "India has long been a strategic market for Infor, one that is instrumental to the growth of our overall business. With an IPO in the cards, India and other regions need to fire on all cylinders," said Charles Phillips, chief executive officer. "The new … [Read more...] about Infor Announces New India Business Unit to Accelerate Strategic Growth and Increase Customer Intimacy

Anyone in Hà Nội craving fresh, juicy strawberries from the Central Highlands city of Đà Lạt shall have to pay for at least 35 per cent more than usual. But the extra money doesn’t go to farmers, but pays for costly transportation.— Photo danviet.vn HÀ NỘI — Anyone in Hà Nội craving fresh, juicy strawberries from the Central Highlands city of Đà Lạt shall have to pay for at least 35 per cent more than usual. But the extra money doesn’t go to farmers, but pays for costly transportation. Phạm Tuấn has been a fruit merchant for years, specialising in buying fruits grown in the south and delivering them to the north for sale. He complained of rising transportation expenses which made the fruit price leap dramatically for customers. “For example, each kg of avocado will cost an extra VNĐ4,000 (17 US cents) for delivery from the south to my hometown in Hưng Yên Province,” Tuấn told Nông Thôn Ngày Nay (Countryside Today). “That’s exactly why the fruits bought directly at the … [Read more...] about Logistics costs hamstring agricultural businesses

Business closures outpace newly-established firms The Saigon Times Daily Workers are seen at a garment company. Enterprises shutting down or filing for closure outpace newly-established ones in the first two months of the year - PHOTO: THANH HOA HCMC - The first two months of the year saw more than 16,800 enterprises shutting down or filing for closure, while the number of newly-established firms was nearly 16,000, Thanh Nien Online newspaper reported, citing statistics from the General Statistics Office. In this period, 3,156 firms completed dissolution procedures, up 24.8% over the same period last year. These firms are mainly in the wholesale, retail, auto and motorcycle repair, processing and construction sectors. In addition, up to 13,500 businesses halted their operations, a year-on-year increase of 21%. Although the number of newly-established firms decreased by 14.6% over the first two months of 2018, their registered capital picked up by 25.4% to … [Read more...] about Business closures outpace newly-established firms

Local retail sector has potential but remains challenging By Lan Do A staffer arranges goods at a Co.opMart supermarket in HCMC - PHOTO: THANH HOA HCMC – The retail industry still has significant growth potential given Vietnam’s population of over 97 million people, heard attendees at the Indochina Retail Technology and Innovation Summit held in HCMC on March 7. Speaking at the summit held by Esco, Doan Ky Nam, chief operating officer of Maison, said that Vietnam’s retail market was highly attractive to investors. The country saw retail sales amount to US$143 billion in 2018, up 12.4% year-on-year, highlighting the attractiveness of the local retail industry, Nam added. At the event attended by over 300 international and domestic experts, retailers and enterprises, Vincent Lu, a representative of BB Vietnam Investment and Trading Corporation, said that modern retail channels account for a mere 5.1%, while traditional ones make up the lion’s share at 94.9%. The … [Read more...] about Local retail sector has potential but remains challenging

Experts discuss digital economy at int’l business forum By Minh Tuan Vice President of Cloud Services at VNG Corporation Vu Minh Tri speaks at the forum - PHOTO: MINH TUAN HCMC – Business leaders, policy makers, economic experts and academics discussed how Vietnam’s economy could contribute to and reap benefits from the global digital economy at the annual International Business Forum organized by RMIT Vietnam’s School of Business & Management last week. Opening the event, Associate Professor Victor Kane, RMIT Asia Graduate Centre Head of Department, noted that Vietnamese firms have become more active in the digital economy. “The global digital economy is estimated to be worth US$11.5 trillion already and will continue to grow in the future,” Kane remarked. “According to the World Bank, Vietnam has already achieved success with ride-hailing services, ecommerce platforms and accommodation platforms. They challenge existing retail systems and fintech and payment … [Read more...] about Experts discuss digital economy at int’l business forum