According to the GRDI (Global Retail Development Index), Vietnam is among 30 emerging markets the most attractive one for retail investment in 2008. No competition, 8% GDP growth and the youngest consumer in Asia. see more
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
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
HCMC – The Vietnam Steel Association has voiced grave concerns over the imports en masses of cheap steel products, saying such uncontrolled imports would injure local steel makers. see more
HCMC – The Asian Development Bank on Monday approved a multi-stage program to provide US$630 million to Vietnam to reform State-owned enterprises, the regional bank said in a statement. see more
