The growth in value of the Vietnamese fast-moving consumer goods sector (FMCG) in the first quarter of 2019 rose to a four-year high thanks largely to the shopping spree during the Lunar New Year holiday, or Tet, according to Kantar Worldpanel.
Enterprises in Vietnam’s private economic sector have not received land and taxation incentives while they are restrained by institutional regulations, policies and thousands of procedures and formalities
Foreign direct investment (FDI) pledged to Viet Nam in the first five months of this year hit a four-year high of US$16.74 billion, a Foreign Investment Agency report has shown.
Vietnamese enterprises were looking forward to promoting their businesses under the Regional Comprehensive Economic Partnership (RCEP) to take advantage of a market that is home to 50 per cent of the global population. However, they were faced with fierce competition from other member countries.
Local retail firms are expanding quickly while foreign counterparts stagnate or quit due to fierce competition.
Spain’s ambassador to Vietnam and pish enterprises have expressed interest in the local HCMC market, heard attendees at a launch ceremony for a new commercial office in the city.
The Chan May-Lang Co Economic Zone in the central province of Thua Thien-Hue has so far attracted 21 tourism projects totaling more than 67 trillion VND (2.86 billion USD).
Vietnam’s retail market will continue to grow strongly this year, with lots of opportunities to develop modern retail systems in rural areas, according to Phan Lan Chi, deputy director of supermarket chain Lan Chi Mart.
The 13th Tinh Bien-An Giang international trade fair is taking place in the Mekong Delta province of An Giang with the participation of 150 enterprises from 13 provinces and cities and 20 Cambodian firms.
Prime Minister Nguyen Xuan Phuc highlighted potentials for Viet Nam and Norway to enhance economic cooperation, especially in renewable energy, industry and aquaculture, at the Viet Nam - Norway Business Forum in Oslo on Friday.