Danish-backed Maersk Line Vietnam has reaped good operational results in this year’s first three months. For the first quarter of 2013, Maersk Line Vietnam and Cambodia showed a positive result compared to same quarter last year. Its volumes grew by 2 per cent and revenue by 5 per cent. “Globally, Vietnam is still considered an attractive sourcing destination with competitive advantages in low... 

The venture between Vietnam’s Saigon Co.op and Singaporean retailer NTUC FairPrice last Friday opened the first hypermarket Co.opXtra Plus which is located on National Highway 1A in HCMC’s Thu Duc District. Co.opXtra Plus Thu Duc, which requires an estimated cost of some VND200 billion and occupies 15,000 square meters on a total area of 2.1 hectares, features some 50,000 items. Besides essential... 

Louis Vuitton (LV) on Wednesday opened its second store in Hanoi and its third in Vietnam in anticipation of well-to-do customers in the country spending more on luxury fashion items. The new outlet located at Trang Tien Plaza is three times larger scale than the one at Metropole Hotel. The store at Trang Tien Plaza targets both Vietnamese and foreigners with demand for luxury items, said Jean Baptiste... 

Singapore’s leading retail company NTUC FairPrice and Vietnam’s Saigon Co.op last Saturday were licensed to set up a venture to do business in the local retail market by opening two mega-supermarket chains. The Saigon Co.op-FairPrice venture has initial chartered capital of US$6 million, with the local side holding a major stake of 64% to develop mega-supermarkets Co.opXtra and Co.opXtra Plus... 

Many Vietnamese companies, especially those in the consumer goods sector, are racing to make strong investment into their distribution channels to prepare themselves for competing with large foreign corporations. Vinamilk has expanded its retail system nationwide to nearly 200,000 points as of now and still continues to open more stores at the moment. The giant dairy company also invests heavily... 

Despite the domestic digital media industry still being in its infancy, it has generated sales of over US$3.3 billion for industry players, heard a forum on digital communication marketing in HCMC last week. At the forum, Le Thanh Tam, general director of International Data Group ASEAN, said digital communication technology is developing vigorously on global markets and that Vietnam is no exception. Tam... 

Masan Group has spent VND252 billion acquiring a beer company through its subsidiaries, says the audited consolidated financial statement recently announced by Masan. This is the second acquisition done by Masan in the first quarter of 2013. The first one is Masan Consumer taking over a 63.51% stake in Vinh Hao Mineral Water Company at VND85,000 per share. Investment in beer and water mineral is a... 

Singapore Airlines Office in Vietnam has cooperated with nine sales agents to offer a promotional program from Monday to Thursday, with a 30% discount for business-class seats and up to 70% for economy-class ones for flights to Singapore and many other destinations. As such, economy-class tickets for air services to Singapore are on offer from VND4.2 million each, while that to Japan is from VND13.3... 

Kinh Do Corporation this year will stick to its core operation namely food and will not restart the property projects that it put on hold last year. Speaking to the Daily on the sidelines of the 2013 shareholders’ meeting last Friday, Tran Le Nguyen, CEO of Kinh Do, said the real estate market remained difficult, so his firm would not be active in this sector this year. Instead, Kinh Do will focus... 

Truong Hai Auto, also known as Thaco, will produce French-brand Peugeot cars in Vietnam late this year under a contract signed at the 2013 France-Vietnam Business Forum opened on Monday in HCMC. Peugeot Company of France will transfer a complete knock-down Peugeot car sample to Thaco in late 2013 and another one in 2014. The local auto firm intends to build a new plant for assembling Peugeot cars,...