Ho chi minh city map

HCM City (VNS/VNA) - Retailers in Ho Chi Minh City have quickly adapted to the situation caused by the COVID-19 pandemic by resorting to e-commerce and delivery services. In the first eight months of the year, only retail grew among all the service sectors. A report by the city’s Department of Industry and Trade said retail revenues topped 503 trillion VND (21.78 billion USD), an 8.3 percent increase year-on-year. Direct shopping revenues fell, but online sales saved many businesses. Vo Thi Phuong Mai, deputy director and head of retail services at CBRE Vietnam, said the pandemic had generally impacted direct visitor traffic but created opportunities for small and medium-sized models such as convenience stores and pharmacies and, especially, e-commerce. "E-commerce is a bright spot that has supported physical stores during the pandemic," she said. Saigon Co.op, a traditional retail giant established in 1996, has moved towards multi-channel sales in recent years. Do Quoc … [Read more...] about HCM City’s retail firms adapt to COVID-19, go online

Moreover, greater investment is also being focused on infrastructure for AI research and applications such as the Hoa Lac Hi-Tech Park project which features a total investment capital of up to US$450 million. This will be a site used for hi-tech incubation, human resource training, production development, and the supply of hi-tech products and services. … [Read more...] about Vietnam strives to unleash potential of AI

Gautam Adani, the founder and chairman of Adani Group, attributes the group’s high ranking directly to Adani's commitment to building the necessary infrastructure to play a part in a clean energy future. Over the course of the next decade, some existing business models will be affected by disruptions caused by plummeting costs of renewable energy, coupled with the changing ability of technologies in comparison to the scale of industries. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10