BDG Vietnam - Economy NewsRead the latest news on Vietnam's economy.

Foreign Retailers to move in on Vietnam

HCM City (VNA) - The German-based Metro Cash & Carry said it plans to expand its wholesale-retail network from five to 12 soon. France’s Big C is set to open more outlets and the Republic of Korea (RoK)- based Lotte Mart Group will soon launch its 2nd supermarket in HCMC. GS Retail (RoK), plans to open 10 shopping centers in Binh Duong province in the next 2 years. But while foreign enterprises are scrambling to expand their presence in Vietnam, local rivals appear to be lax. see more

Vietnam aims high for next five-year plan

HCMC – Vietnam is eyeing higher economic growth in the next five-year plan, with GDP targeted to average out at 7-8% a year compared to an estimated 6.9% in the current five-year plan of 2006-2010, according to a draft put forth on Monday. see more