Emmanuelle Gounot, CEO of Intrepid Vietnam, emphasizes that discounts undoubtedly play a crucial role in mega sales, but the true success and impact of the event extend beyond mere price reductions.
Enduring partnerships and in-market experts bring sustainable growth and new brands to Vietnam, IHG's key South East Asia market.
For 2021, Siam Cement Group (SCG) in Vietnam reported revenue from sales of over $1,500 million, which is a 32 per cent increase year on year mainly from sales from new acquisition of Packaging, VKPC operation and chemicals operation (TPCVINA), as well as export sales from Thailand and ASEAN to Vietnam.
The groundbreaking ceremonies of a series of four key projects worth over $12 billion in total were launched on October 24 as part of Quang Ninh's aspiration for social-economic development in the context of the Covid-19 pandemic.
With IFC’s support, OCB expects to double its SME lending portfolio by 2024 by leveraging its digital banking platform and developing products that cater to the sector’s needs.
Capital-raising and hotel sales highlight investor optimism for the sector’s recovery.
Despite deaths reported day after day in the resurgence of coronavirus, the country refrains from applying nationwide quarantine as the government tries to mitigate detrimental economic impacts.
Due to the new ban on international travelers and rising concerns domestically, hotel occupancy in the first three weeks of March dropped dramatically to a single digit in many destinations within Vietnam.
Foreign businesspeople and experts working in Binh Duong are favouring foreign-invested real estate projects for their property purchase in Vietnam.
Spending over VND9 trillion ($391.3 million) in the first half of the year on the construction of its Dung Quat Iron and Steel integrated complex through borrowings, Hoa Phat Group is paying an enormous amount of interest on its debts each day.
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The residential sector is at the apex of Ho Chi Minh City’s growth, driven by a need for better housing, a growing middle class and an increasing number of overseas buyers.
Clinker and cement sales fell 0.5 per cent in the first four months through April as a result of slowdown in domestic market and exports.
Vietnam, and Southeast Asia at large, can only expect to see a wide-scale divergence of supply chains coming should there be improvements in production technology and capacity, and regional integration, according to HSBC.
The weakened dong has come as part of the Chinese yuan devaluation in the previous day, with the reported devaluation of some 0.8 per cent year-to-date, which in turn partially benefiting local exporters but also worrying importers.
