Together with ASEAN countries, Vietnam absolutely have the opportunity to become a hub to attract foreign investment in Vietnam, especially from countries participating in the Regional Comprehensive Economic Partnership (RCEP). Finally, the RCEP was signed after 8 years of negotiations. Although it still has to wait a while for the 15 member countries, including 10 … Read more
Metro Group (Germany) has announced that it has come into an agreement with Berli Jucker Corporation (BJC) of Thailand on the transfer of the wholesale stores system in Vietnam. Particularly, BJC shall wholly take over the commercial operation of the Vietnam Metro Cash & Carry (MCC Vietnam), including 19 distribution centers and the portfolio of … Read more
In February, Starbucks corporation officially entered the Vietnam market with a big store in Ho Chi Minh City. According to Howard Schulz, CEO of Starbucks, the revenues in the first store in Vietnam drastically exceeded the company’s expectations. However, these first results might not be indicative of the company’s projected success in the entire country, … Read more
Domestic beverage brands in Vietnam face more and more competition with foreign invested companies; for example, the investment plans of the largest brewer worldwide, Anheuser – Busch InBev, to enter the Vietnamese market. Foreign enterprises have such strong economic and financial resources, they are often able to buy up most local enterprises and brands, which … Read more
Vietnam’s Deputy Prime Minister Nguyen Thien Nhan has praised the growth of the electronics industry and hopes the country will realize approximately $40 billion in profits from exports by the year of 2017. The Prime Minister also emphasized the importance of the development of the electronics industry, as this industry is one of the major … Read more