Philippine enterprises seek investment opportunity in Vietnam’s retail market

Recently, Philippine firms have paid a visit to Vietnam to discuss investment and cooperation opportunities in the country.

Philippine enterprises stressed that they would intentionally set a target to Vietnamese retail market in future.

According to population structure in Vietnam, there are 30 percentages of population living in cities and more than 70 percentages of people living in rural areas. As this reason, Vietnam Retailers Association says that retail systems like supermarkets, traditional markets, shopping malls and online sale services have been founding and developing.

Particularly, representative of Vietnamese leading retailers like CoopMart with 300 supermarkets nationwide; The Gioi Di Dong (Mobile World) with 300 stores and Nguyen Kim Shopping Center with 30 stores have developed rapidly in previous years to service consumer’s demand.

Especially, food processing industry is considered as Vietnam’s potential market to attract foreign investors. Annually, Vietnamese rice has exported to the Philippines reaching US$ 600 million, up 169 percents about value and 167 percents about output respectively.

Economic experts affirmed that Vietnam will remain a potential market for investment activities of food and agricultural processing sectior in upcoming years.

Deputy Head of the Vietnam Trade Promotion Agency under Ministry of Industry and Trade Bui Thi Thanh An said that two ways trade export turnover between Vietnam and The Philippines reached US$ 3 billion in 2014, increasing three percents compared with 2013, including Vietnam export turnover to the Philippines reached over US$ 2,3 million in mobile, agricultural machinery and equipment.

In first six months of the year, Vietnam attracted 74 projects of Philippine enterprises with total investment capital of US$ 300 million.

The Philippines' Honorary Consul General in Ho Chi Minh City Le Thi Phung said: “In context of foundation for ASEAN community in 2015, trade cooperation opportunity between two countries in particular and among countries in the whole region in general will reach higher level”.

Representative of the Investment and Trade Promotion Center under Ministry of Planning and Investment in the southern region said, Vietnam has currently provided a lot of investment incentives and opened up of further investment opportunities for new businesses in producing high- technology devices, agricultural and food processing, textile and garment and car components. 

By Ai Van- Translated by Huyen Huong

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.