The rise of local retailers via mergers and acquisitions is expected to transform the competitive landscape of Vietnam’s retail market, which used to be dominated by foreign investors, and help domestic equivalents complete their ecosystems. Last month, Truong Hai Auto Corporation (THACO) inked a deal to acquire Emart Vietnam Co., Ltd., the operator of the […]
Read MoreMany shops hit hard by Covid-19 have had to close, but some foreign retailers have taken advantage of the opportunity to scale up their business in Vietnam. The Covid-19 crisis has hit the fashion industry hard worldwide, causing a loss of hundreds of billion of dollars. US fashion retailer J.Crew, for example, filed for bankruptcy. […]
Read MoreIn the last 18 months, lockdowns and social distancing have been imposed on four occasions. As a result, many enterprises have had to reinvest or restart business because of disrupted production chains during the social distancing periods. The fourth wave of Covid-19 is different from the previous ones as it is a larger scale, with […]
Read MoreThe Ministry of Culture, Sports and Tourism (MCST) will review the Advertisement Law and collect opinions to propose amendments that would allow press agencies to compete with cross-border platforms. Controversy has occurred recently over the waiting time to close or open an advertisement on digital news publications, which must not exceed 1.5 seconds, stipulated in […]
Read MoreBanks have cut lending interest rates, now at the lowest levels in many years, to help people and businesses hit hard by Covid-19. Vietcombank, for example, has cut lending interest rates and fees for clients from Bac Giang and Bac Ninh provinces, the two Covid epicenters, from June 1 to August 31, 2021. The bank […]
Read MoreVietnam faces challenges in sorting, recycling and treating plastic waste and current policies for the reuse and recycling of solid waste, including plastic waste, still have shortcomings, according to experts. Professor Nguyen Huu Dung, president of Vietnam Institute of Urban and Industrial Environment, said the amount of plastic waste and plastic bags in Vietnam accounted for […]
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