Despite rising trade protectionism worldwide, Vietnam continues to set new export records and has emerged as the next manufacturing hub, CBRE said.
The real estate consultancy anticipates elevated investment activity, sustainability and technology to be the next focus.
The investment represents Sendo’s largest funding round to date
Vietnam Trade Promotion Agency under the Ministry of Industry and Trade announced the cooperation with Amazon Global Selling to help Vietnamese enterprises, especially small and medium sized ones, promote exports through e-commerce.
Two e-commerce giants Amazon and Alibaba are prompting significant moves to dominate Vietnam and Southeast Asia market.
Spending over $5.1 million to buy Vietnamese online retailer Tiki's shares, VNG now holds a 29 per cent stake, eight per cent higher than that of the second shareholder JD.com.
Accumulated losses from leading e-commerce websites such as Lazada, Tiki, Shopee or Sendo are on the sharp rise, mainly due to the high sales expenses and in some cases, high management expenses.
One of Tiki's leaders said that in the next three to five years, the company would probably have to decide to either take initial public offering or be acquired by another company.
The number of startups invested doubled after one year, reaching 92 enterprises.
According to Cushman & Wakefield, one of leading global real estate services firms, retail locations that allow credit cards should be more prevalent as tourists long for fast shopping experience.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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