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
Retail business news
BUSINESS NEWS OCTOBER 12
Trang also pointed out that with regard to the CPTPP, the country has faced an array of difficulties in taking full advantage of tariff incentives on garments and textiles as Vietnamese products must adhere to rules of origin whereby a certain ratio of materials from a product must originate from other CPTPP members. Currently, most of the nation’s supply sources of materials originate from China. … [Read more...] about BUSINESS NEWS OCTOBER 12
Vietnamese retailers seize opportunities to conquer domestic market
The expansion of coverage through M&A shows that domestic retailers do not give up and they have still silently expanded their scale to actively reverse the situation and conquer their own "home ground" with their own capacity. Domestic retailers have shown their ingenuity when both strengthening market share in major provinces and cities and targeting niche markets. In several localities and regions, there are local small and medium-sized retail models appear, such as Lan Chi, Bach Hoa Xanh, Thanh Hao or Me Linh. The development of convenient stores and supermarket there is a smart choice to meet the quick, convenient purchase demand of consumers. … [Read more...] about Vietnamese retailers seize opportunities to conquer domestic market
Deal signed to boost Vietnamese farm produce exports to Singapore
MMVN, a subsidiary of Thailand-based TCC Group, plans to export about 100 tonnes of Vietnamese farm produce to Singapore by the end of this year. To enter the Singaporean market, commodities must satisfy strict criteria for food safety, quality and packaging. … [Read more...] about Deal signed to boost Vietnamese farm produce exports to Singapore
Trade war worries lifted, but market growth flat: analysts
Foreign investors would continue to be net sellers in risky markets and shelter in safe assets such as government bonds and gold, so it’s difficult to expect a strong wave of capital flowing into the market like the late 2017-early 2018 period, Du from VNDirect said. … [Read more...] about Trade war worries lifted, but market growth flat: analysts
