Analysts believe that with the new strict regulations on the import procedures, the automobile market in 2012 would have no room for unofficial car imports, while the market would witness the establishment of massive official authorized dealers. The Circular No 20 released by the Ministry of Industry and Trade, which, according to the ministry, aims to re-establish the order on the car import market,... 

Local telcos are ramping up outbound investments with big targets. In 2012, military-run telecom group Viettel will strive to achieve over 50 per cent revenue growth in foreign markets parallel to setting footholds in four highly populated new countries. This would mean by the end of 2012, the total population in Viettel’s overseas markets could double Vietnam’s population. In 2011, it raked in... 

Many domestic businesses are opening more store chains to retain market positioning in the face of mounting competition of foreign retailers. Nguyen Kim, a retailer of electronics and home appliances, spent hundreds of billion of Vietnamese dong (VND) to open five shopping centres in HCM City, Danang city and Vung Tau and Bien Hoa provinces in 2011. This year it plans to open 12 more centres, raising... 

Metro Cash & Carry has seen its business growing beyond expectation over the past 10 years of operation in Vietnam. The German wholesaler is on track for its business expansion plan, with wholesale stores opened in different locations to penetrate the fast growing distribution market. When starting business in Vietnam in 2002, the German-invested wholesale chain operator planned to establish... 

The government’s strong measures to restrict personal car usage have bothered industry insiders. Japan-backed Nissan Vietnam Company Limited general director Choo Hong Chow said if the Ministry of Transport’s proposal to impose road travel fees on motorbike and especially car users got the government’s green-light after registration fees and number plates hiked sharply from January 1, 2012 in... 

The fizz has gone out of food and drinks giant San Miguel Group’s water and juice operations in Vietnam and it is throwing in the towel. The company’s local subsidiary, San Miguel Vietnam is winding up operations at its 10 hectare factory at southern Dong Nai province’s Amata Industrial Park just nine years into a 40-year lease, according to the Dong Nai Industrial Zones Authority (DIZA). San... 

Japan’s Aeon retail group is entering the Vietnamese market with a shopping and entertainment centre in Ho Chi Minh City. Aeon’s centre will be located in Tan Phu district’s 82.5 hectare Celadon City, the urban complex is developed by Tan Thang Saigon Commerce Real Estate Investment, a joint venture between Sacomreal and Malaysia-based Gamuda Land Corp. Aeon’s $100 million centre will cover... 

Vietcombank and Viettel have launched Mobile BankPlus, which enables Viettel’s mobile subscribers to bank with Vietcombank via mobile devices since January. Specifically, Viettel’s customers can transfer money from one account to another within Vietcombank, top up or pay your phone bills and view their Vietcombank account balance and transaction details. Customers can manage and use their banking... 

Ford Vietnam on Thursday announced its full-year sales for 2011 jumped 34% year-on-year to nearly 8,700 units, representing Ford’s all-time best annual performance in Vietnam. The record sales helped drive Ford’s overall market share up to 6.3%, its highest full-year share since 2007, said Laurent Charpentier, managing director of Ford Vietnam, at a press briefing in HCMC on Thursday. Ford finished... 

A lot of the US brands have appeared on the Vietnamese market recently. Meanwhile, experts believe that the US franchised food chains would be much bigger than now. The well known ice cream Baskin-Robbins brand has officially set its foot on the Vietnamese market by setting up three first shops in HCM City opened last week, through the exclusive partner Blue Star Food. Nguyen Thanh Nam, General Director...