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[7th – 14th August 2020] Vietnam Weekly Feature News

Aug 17, 2020 05:06:10 AM

A quick review at Vietnam Weekly Feature News

Central Retail takes full control of FamilyMart Thailand
Shopping centre operator Central Retail Corporation has bought 100% of Family Mart, one of Thailand’s major convenience store chains, as it “moves forward to develop a new business model to cater to modern consumers”.
-Cafe Biz

It’s now a big opportunity for sourcing, manufacturing and exporting from Vietnam?
As a big winner in the war between US and China trades, Vietnam has become a place that’s at the forefront as having people working hard to get trading with America as an alternative to China significantly.
-Vietnam Insider

HCMC rents fall further as Covid-19 resurfaces
Ho Chi Minh City landlords have been forced to lower rents further with the second wave of Covid-19 hitting demand.
-VN Express

Food industry considers survival plans as Covid-19 spreads
Food and beverage businesses are trying to figure out survival strategies amid the renewed local transmission of Covid-19.

Why doesn’t Samsung buy components from Vietnam’s enterprises?
Samsung’s mobile phones and phone parts are getting more sophisticated and smaller, which changes every six months. It is a challenge for Vietnamese enterprises to renovate production lines and technologies, which requires huge capital.
Besides the major requirements on production and quality control, Samsung also encourages its partners to pay attention to R&D.
Another criterion Samsung considers is the vendors’ compliance with laws. If enterprises are slow in paying their workers, this could be a risk: workers may go on strike which would disrupt the supply sources of Samsung, which will force Samsung to find other solutions.
Environmental protection is also one of Samsung’s concerns. Any violations of environmental protection laws will affect its reputation.
-Vietnam Net

LOGOS plans to pour $400 million in Vietnam

LOGOS, a member of Sydney-headquartered ARA Group, has just revealed the plan of mobilising $1.2 billion to enter Vietnam and South Korea, according to newswire DealStreetAsia.
The company is calling $400 million for its blueprint in Vietnam and also $800 million in South Korea. Previously, LOGOS assembled investments from Canada Pension Plan Investment Board and Ivanhoe Cambridge, among others for its expansion plan in Singapore and Indonesia.
-Vietnam Investment Review