Retail sales in Vietnam are forecast to grow 11% in 2021, far ahead of other Southeast Asian countries Visit Vietnam Insider’s homepage for more stories The increasing presence of foreign giants has put great pressure on domestic retailers. Philippe Broianigo, CEO of Central Retail in Vietnam, recently stated that in the next five years, the group will invest about 35 billion baht (US$1.1 billion) to expand business in 55 provinces and cities of Vietnam. This year the Thai retail giant plans to disburse $211 million to open four trade centers in Vietnam. The group owns 37 trade centers and 230…
Author: Miley Selena
A study showed that up to 70% of around 20,000 patients did not have symptoms Ho Chi Minh City has more than 120,000 people in quarantine, including more than 14,000 in centralized facilities Visit Vietnam Insider’s homepage for more stories Shortening quarantine time is part of efforts to ease burden of centralized facilities and facilitate economic activities. Vietnam’s Ministry of Health has shortened the quarantine period for entrants and first-generation contacts of index cases (F1) to 14 days from 21 days after consulting with international experts. The ministry said it made the decision based on recommendations by the World Health…
The total food demand in HCM City before the fourth wave of Covid-19 was 7,000 tonnes of food a day Even the post offices and shops like the Guardian retail stores will also sell vegetables and frozen food Visit Vietnam Insider’s homepage for more stories HCM City Department of Industry and Trade has called for firms to help open 1,000 shopping points after supermarket reported their warehouses were full and major wholesale markets are closed. The decision was announced by Bui Ta Hoang Dung, Director of the Department of Industry and Trade during an online meeting about social distancing implementation…
The domestic market of nearly 100 million people is large enough for businesses to overcome difficulties and challenges during the COVID-19 pandemic. Since products are free of antibiotics and impurities, the prices are higher than others sold in the domestic market. Visit Vietnam Insider’s homepage for more stories. The Vietnamese market with a population of nearly 100 million is attracting both foreign and local food suppliers, with many local exporters turning to the domestic market to overcome this difficult COVID-19 period. According to Vietnam’s Ministry of Industry and Trade (MoIT), with the pandemic affecting exports and tourism, the domestic market…
As with all other Asian bicycle parts manufacturers, saddle maker DDK Group has also reported overwhelming demand for their products. DDK’s existing Vietnam factory in Thủ Dầu Một has a production capacity of 10 million saddles annually, while the company reports that their regular customers have forecast 15 million units for next year. DDK’s other factories in Nantong in China and Changhwa in Taiwan are similarly overwhelmed by demand. However, the company had already anticipated an increase in demand in 2019. “We expect to double our output to 20 million saddles in five years from now,” Joy Sung, DDK’s global…
Many Covid-19 patients in HCM City previously without symptoms have quickly experienced worsened health. The information was given by Doctor Tran Van Khanh, director of Le Van Thinh which supports Covid-19 treatment at HCM City’s Covid-19 Field Hospital 3 in An Khanh Ward, Thu Duc City. Since being put into operations on July 7, the 3,000-bed field hospital has received more than 2,000 patients. Among those, some 3-5% of previously asymptomatic patients have fallen into a more serious condition for a period of just 6-12 hours with respiratory failure. This is a great challenge in the Covid-19 treatment in HCM…
The accepted arrivals must have already received two doses of COVID-19 vaccine, hold a vaccination record certificate, and test negative for the coronavirus. In the first six months of 2021, the city welcomed just over 457,000 visitors, down 38.5 percent from the same period last year. Visit Vietnam Insider’s homepage for more stories. The People’s Committee of Khanh Hoa Province, home to beautiful beaches in south-central Vietnam, on Wednesday announced preliminary steps it is taking to allow international tourists with ‘vaccine passports’ to visit the locality. The committee has asked the provincial tourism department to collaborate with the provincial health…
Vietnam’s Health Ministry announced 1,438 local Covid-19 patients in 18 localities Friday morning, led by Ho Chi Minh City. Vietnam has vaccinated more than 4.18 million against Covid-19 and 294,676 have got two doses. Visit Vietnam Insider’s homepage for more stories. The southern metropolis registered 1,071 cases, including 940 in quarantine zones and blockaded areas. Another 131 cases are being contact traced, VNExpress reported. Among other southern localities, Dong Nai Province that borders HCMC recorded 72 cases, with 39 having had contact with Covid-19 patients, 22 linked to a cluster at Hoa An market in Bien Hoa Town, and the…
The J&J vaccine has already been approved by the WHO and is now available in 24 countries and territories Visit Vietnam Insider’s homepage for more stories The Health Ministry Thursday conditionally approved the Johnson & Johnson Covid-19 vaccine for emergency use, th sixth to be approved in Vietnam. The Johnson & Johnson (J&J) company in Vietnam had proposed the vaccine for approval earlier this month, providing data on its safety, quality and effectiveness. The ministry’s approval of the vaccine is dependent on the developer guaranteeing its safety and quality, providing further data when requested, and cooperating in distribution, administration and…
MoMo (Mobile Money) is the dominant wallet in the market, with over 50 per cent market share Visit Vietnam Insider’s homepage for more stories Vietnam is set to see rapid expansion in terms of mobile wallet usage with mobile wallet penetration to reach nearly 55 per cent by 2025. According to a report by fintech Boku and digital technology analyst house Juniper Research, Vietnam, like many other countries in Southeast Asia, is primed for massive mobile payments growth. Mobile wallet transaction growth is projected to increase by more than seven times, while users and transaction value are projected to increase…