Consumers choose the cheaper option

Sep 24th at 09:42
24-09-2013 09:42:01+07:00

Consumers choose the cheaper option

Online shopping websites and mini-supermarkets offering inexpensive products have become popular with consumers, Lao Dong (the Labour) newspaper reported yesterday.

 

Because of the sluggish economy, customers have tightened their budgets and have seen luxury brands as less indispensable.

In Ha Noi, many essential commodities such as fish sauce and detergent are sold VND5,000-15,000 cheaper online and in mini-marts than in big supermarkets. The customers enjoy even more discounts if they buy a large volume.

At big supermarkets in Ha Noi such as Minh Hoa, Intimex and Fivimart, pressures from rental prices, labour costs and many other expenses have caused prices to increase, more than in mini-supermarkets and small grocery stores.

For household appliances, consumers have been buying online more frequently.

Hoang Thinh, a customer from District 3, said that he bought a new camera in a retail shop in District 1's Nguyen Hue Street and a refrigerator on an online website.

He said the prices were more competitive online, sometimes hundreds of thousands of dong cheaper than similar ones in supermarkets.

Nguyen Minh Thu, deputy general director of Thien Hoa Furniture and Electronics Centre, said that online sellers have less to worry about than brick-and-mortar shops because they do not have to pay rentals, salaries for many salespeople and electricity fees.

Thu said, however, that consumers should only buy from reputable online sites.

Ineffective sales

Many shopping centres and supermarkets in HCM City have been offering discounts of 20-30 per cent, but they have not attracted customers.

Diamond, Vincom, Parkson and Zen Plaza are all quiet. Many customers come just for window shopping, eating and drinking and theatre-going.

Likewise, Vincom, Trang Tien Plaza and Parkson in Ha Noi have few customers despite sales.

Most major brands are offering deep discounts of 50-70 per cent and even those have attracted few buyers.

One customer, Trieu Thi Van of Ha Dong District, said she had often bought clothing from the Mango and Bonia brands but was now purchasing quality made-in-Viet Nam items.

According to a small shop, Minh Trang in HCM City's Binh Thanh District, the prices of Zara or Forever 21 brand dresses made in Viet Nam for export sell for millions of dong at luxury shops or trade centres.

However, at small shops they sell for VND150,000-200,000 each. The products include samples and redundant items or those that have been in storage for at least two years.

Big electronics and household appliance centres are also falling into a "crisis" situation, including Nguyen Kim, Vien Thong A, Cho Lon, and Pico Plaza.

Many household appliance centres have reduced their inventory or have moved to suburban areas to cut down on expenses.

For instance, Nguyen Kim and Media Mart Electronics centres in Ha Noi had to look to open a branch in Ha Dong District instead of Hoan Kiem District in the city centre.

In addition, nearly 15,000sq.m in Grand Plaza trade centre in Ha Noi is empty because there are no renters.

vietnamnews



NEWS SAME CATEGORY

September trade deficit estimated to hit $300m

The country is estimated to run a trade deficit of US$300 million in September, according to the General Statistics Office (GSO).

Three FDI companies forced to pay tax debt

The HCM City Customs Agency has imposed coercive measures force three foreign-invested companies to pay tax debts.

Minimum wage increase decision makes businesses dumbstruck

The National Wage Council has agreed to the plan on raising the regional minimum wage from 2014 by VND250,000-400,000, or 15-17 percent. This has caused a big...

CPI jumps in both major cities

The consumer price indices (CPI) in the country's two largest cities continued to increase in September due to a price surge in education-related commodities and...

Seafood firms call for administrative reform

The Government should reduce administrative procedures related to food safety and quarantine of seafood export from and import into the country, delegates told a...

Government incentives to support Central Highlands

The Government will spend at least VND1.5 trillion (US$71.43 million) from the State budget annually to support investments in the Central Highlands, where...

FDI exceeds annual national target

The volume of foreign direct investment (FDI) registered for Viet Nam has exceeded the year's target, but the country's FDI mobilisation still faces many problems...

How much SOEs’ directors earn?

The wage mechanism applied to state owned enterprises (SOEs) has become no more reasonable in the context of the market economy.

VN urged to court investors with local content ratio boost

The Vietnamese Government should issue support policies to help increase local content ratios for raw materials and parts, speakers said at a seminar held on...

Japanese cuisine a movement in HCM City

Interim statistics of the Consulate General of Japan in HCMC show that there are over 200 Japanese restaurants in the city. The figure is projected to increase fast...


MOST READ


Back To Top