Retailers have been opening up more convenience stores to attract youth and students. Hoa, a student at the HCM City Technology University, said she had rarely gone to convenience stores in the past because of the limited space. However, she has now goes 3-4 times a week. “The first floor of the shop has been…
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The very first 7‑Eleven store will be inaugurated in Vietnam between April 2017 and April 2018 as the world’s largest convenience retailer handed over the control of the franchising activities to a local entity on Wednesday. 7‑Eleven, Inc. has signed a master franchise agreement with Seven System Vietnam Co. Ltd., a new firm founded by…
Vietnam’s rice exporters continue to rely on the Chinese market. Experts warn Vietnam may fall into the Chinese ‘low-quality rice’ trap. According to the Vietnam Food Association (VFA), Vietnam had exported 2.1 million tons of rice by the end of May, earning $870 million, a decrease of 10 percent in export volume and 13 percent…
While the cheaper Chinese currency will certainly make tour packages to Vietnam costlier for Chinese tourists, local travel agencies believe the impact of the weakened yuan will not be too serious. Some Vietnamese tour organizers have closed new contracts with Chinese partners with the new yuan-U.S. dollar exchange rate, as China cut the yuan rate…
Eurozone leaders have reached a “unanimous” agreement over a third Greek bailout after marathon talks. EU chairman Donald Tusk said leaders agreed “in principle” on negotiations for the bailout, “which in other words means continued support for Greece”. Greece will now have to pass reforms demanded by the eurozone by Wednesday.