Trade ministry helping Hải Dương farmers sell produce

The Ministry of Industry and Trade (MoIT) is working to connect enterprises and localities facing COVID-19 outbreaks to ensure goods are consumed, especially agricultural produce in virus-hit areas.

Masan wants to be among world’s 50 most admired brands A year after acquiring VinCommerce, Masan is restructuring the supermarket chain to realise its vision of becoming a retail-consumer unicorn. During a turbulent 2020, when many businesses were hit hard by the Covid-19 pandemic, Masan and its affiliates went on to complete major M&A deals, including the acquisitions of VinCommerce, NET Detergent and the tungsten business platform of H.C.Starck, and buying a stake in 3F Viet, a leading Vietnamese poultry player. 

Bắc Giang sees fruitful results of personnel rotation

The rotation of senior State officials to key leadership positions at grassroots levels has proven effective in the northern province of Bắc Giang for years.

Retail sales, consumer service revenue up ahead of Tết Total retail sales of goods and revenue from consumer services in January are estimated at VNĐ479.9 trillion (nearly US$20.77 billion), up 3.7 per cent month-on-month and 6.4 per cent year-on-year, according to the General Statistics Office (GSO).

New Tết gift baskets to meet locals’ changing demands Compared to years ago,Tết (Lunar New Year) gift packages are now being arranged and priced slightly differently.

Masan fulfills all business targets for 2020 Masan Group Corporation (MSN) achieved consolidated net revenues of VNĐ77.218 trillion (US$3.54 billion) and net profit post minority interest (NPAT Post MI) of VNĐ1.234 trillion ($53.6 million) last year, up 106.7 per cent and 13.4 per cent year-on-year.

Việt Nam’s 2020 retail sales see the lowest growth in nine years This year’s retail sales growth was much lower than 9.5 per cent seen in 2019 and was also the lowest rate in the 2011-20 period due to the significant impact of COVID-19 pandemic.

Retail property market saw many changes in 2020 due to pandemic: Savills The COVID-19 pandemic caused retail revenue to drop sharply in 2020, impacting the domestic retail property market, according to Savills Việt Nam.

M&A scaled down in 2020 but some deals stand out

Despite the downturn of the global finance-equity market, there were some outstanding M&A deals in 2020 on the Vietnamese market.

Goods demand for Tết up due to domestic confidence on economic recovery The purchasing power in the domestic market is expected to increase by between 15-20 per cent from now until the 2021 Lunar New Year, with food products seeing the strongest rise, said Trần Duy Đông, director of the Ministry of Industry and Trade (MoIT)’s Domestic Market Department.