Vietnam's recent drop in the Tourism Development Competitiveness Index underscores traditional bottlenecks in the tourism sector and highlights the crucial role of stakeholders in addressing these challenges.
The circular economy is an alternative to traditional linear economies, where people take resources, make things, consume them and throw them away. This way of living uses up finite raw materials and produces vast quantities of waste.
As Vietnam accelerates economic recovery amid Covid-19, IFC, LeapFrog Investments, and DEG have invested $165 million in convertible Tier 2 bonds issued by HDBank, a leading Vietnamese private retail and SME bank.
Chinese e-commerce giant Alibaba Group and Baring Private Equity Asia have paid $400 million to buy 5.5 per cent stake in The CrownX, retail unit of Vietnamese conglomerate Masan.
The Covid-19 pandemic has resulted in an accelerated shift towards omnichannel purchasing behaviours, as e-commerce channels are increasingly used as a substitute for physical shopping activities.
The corona virus outbreak will have a global impact, and Vietnam’s real estate market is not the exception, especially in hospitality and retail segment, says Troy Griffiths, Deputy Managing Director, Savills Vietnam.
Vietnam is a still young retail market and has lots of development potential.
Commercial podiums cannot always take advantage of the fast-moving and dynamic retail sector in Vietnam if no proper strategy is employed.
The consortium led by the Singaporean sovereign wealth fund has collectively invested $500 million (VND11.6 trillion) for a minority stake in VCM Services and Trading Development JSC, a consumer retail arm of Vingroup.
The stresses of modern life can often make us feel as though we do not have enough free time. So, it is no surprise that when it comes to leisure activities, consumers are becoming more demanding.
The central bank has issued Decision No. 1197/QD-NHNN on June 7 to invalidate National Australian Bank (NAB)’s license to operate as a representative office in Hanoi.
Apart from real estate, SonKim Group is betting big on retail, with the launch of convenient store GS25 earlier on and now restaurant chain Kyo Watami.
The rapid growth of Airbnb and condotels is posing significant challenges to traditional hotel business in Vietnam.
Although the detail of the offer has yet to be revealed, it can be estimated from the previous deals that the offer may cost from $8 million to $15 million.
