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Tag: hanoi

  • Superdry Vietnam launching first Hanoi flagship store

    Superdry Vietnam launching first Hanoi flagship store

    Superdry Vietnam will open first flagship store on Saturday, at Hanoi’s Trang Tien Plaza.

    It will showcase the British fashion brand’s latest menswear, women’s and children’s casualwear, sportswear,  footwear, undergarments and accessories.

    For its Vietnam debut, Superdry will also introduce its latest perfume collection, Superdry SS18.

    On opening day, the first 100 customers will each be given a Superdry shirt.

    Superdry comes to Vietnam via Jaspal Group, which owns the Vietnam rights to such brands as CC Double, CPS Chaps, Lyn, Misty Mynx and Santas.

    Superdry has 515 locations in 46 countries.

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  • Hanoi retail development spreading beyond CBD, says CBRE

    Hanoi retail development spreading beyond CBD, says CBRE

    Hanoi’s retail supply is growing outside the CBD area, reports real-estate company CBRE.

    With a total of 157,000sqm of retail coming from eight projects under development in fast-growing residential areas with good connecting infrastructure, CBRE says the suburban growth is expected to be attractive to both retailers and consumers.

    Malls inside residential complexes will continue to thrive, thanks to a high level of supply in the condominium market. Eight out of 12 future projects up to 2020 are retail podiums. “This format has certain advantages such as potential customers on site and increased traffic because of the residential component, providing extra services and amenities, and improving the image for the whole project,” says the CBRE report.

    The company predicts an emerging CBD will soon form in the western area of Hanoi. As the largest retail cluster outside the CBD with 41 per cent of total supply, the Cau Giay, Tu Liem and Thanh Xuan district will maintain its position in the next few years with 83,300sqm of supply in the pipeline.

    In the next three years, Aeon Mall Ha Dong, FLC and Vincom shopping centres will supply space to the east, while the north will have a new project from Lotte.

    The CBRE report also shows that only 7 per cent of total retail supply in Hanoi is in the CBD, and there has been nothing new since 2013. As a result, retailers have been finding alternatives in shop houses and old buildings around Hoan Kiem Lake (such as the first McDonald’s Hanoi), creating demand for more space.

    The CBD’s retail rent is predicted to rise in the coming years.

  • Hanoi gets its first McDonald’s as influx of western fast food chains continues

    Hanoi gets its first McDonald’s as influx of western fast food chains continues

    Global burger behemoth McDonald’s opened its first branch on Saturday in the historic heart of Hanoi, a conservative city renowned for its traditional — and cheap — Vietnamese staples beloved by food-obsessed locals.

    Hungry customers lined up for Big Macs and Chicken McNuggets at the Vietnamese capital’s first location overlooking the tree-lined Hoan Kiem Lake, which draws millions of tourists annually to see French-era colonial buildings and sample street-food favorites like pho noodle soup and banh mi sandwiches.

    The restaurant is the first outside of the southern commercial hub Ho Chi Minh City, where 16 branches have opened since McDonald’s first came to Vietnam in 2014 to much fanfare, especially among the rapidly-growing middle class and American-obsessed youth.

    The global fast food chain received a similarly warm welcome in Hanoi on Saturday, as hungry diners crammed into the two-storey eatery for a first taste of the Golden Arches.

    For 84-year-old Tran Dinh Luyen, who fought against the U.S. in the Vietnam War, the restaurant was a sign of warming ties with a former enemy.

    “I am happy that McDonald’s has opened a restaurant in Hanoi. It’s a very famous American brand, so it shows how far U.S.-Vietnam relations have come,” he said after mowing down on a Big Mac with his daughter and granddaughter.

    But not everyone agreed.

    “It’s a rip-off … this fast food is for kids only, it’s not good at all,” 90-year-old Ta Xuan Huong said, espousing his love for traditional cuisine.

    Some curious tourists stopped to see what all the fuss was about, perplexed that a brand ubiquitous in the West would draw so much attention.

    “It’s kind of random to see McDonald’s opening… it’s an interesting cultural experience to see how important it is that the store is opening here,” American Dan Moore said, after his wife remarked she might not have expected to find one of the most salient symbols of capitalism in the country.

    Vietnam has seen dizzying economic growth in recent years as it has opened its doors to foreign investment — which has included an influx of western chains like Starbucks, KFC and Burger King.

    Growth in the fast food sector has been buoyed by rapidly rising incomes — annual per capita income has more than doubled in the past decade to about $2,200 today — especially among under-30s, who make up half of Vietnam’s population of 93 million people.

    The fast food industry in Vietnam has seen double-digit growth annually for the past five years, and the country has the highest 2017 growth in Asia-Pacific for fast food chains, according to market research firm Euromonitor International.

    Though meals can cost as much as three times the local fare, customers are still showing strong appetite.

    “Young people like to hang out in fast food restaurants as they are seen as a cool and nice place … and these customers also like the taste of the food,” Euromonitor analyst Samuel Huynh said.

  • New store for Zara Vietnam

    New store for Zara Vietnam

    Zara Vietnam opens its first Hanoi store tomorrow in Vincom Centre Ba Trieu.

    According to an announcement on the Spanish fashion brand’s website, the three-storey store will face Doan Tran Nghiep street and offer styles for women, children, teens, and men. It will feature hoodies and coats as the capital faces winter.

    Zara arrived in Vietnam two months ago, launching at Vincom Centre Dong Khoi in Ho Chi Minh City, covering 2400sqm over two levels.

    Swedish fast-fashion brand H&M, which also entered Vietnam with a store in Vincom Centre Dong Khoi, will follow on Saturday with its first Hanoi store at Vincom Mega Mall Royal City Thanh Xuan.

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  • Alibaba chairman Jack Ma to speak at e-payment forum in Hanoi

    Alibaba chairman Jack Ma to speak at e-payment forum in Hanoi

    Now in its third year, the forum is the country’s biggest e-payment event. World famous billionaire and Alibaba chairman Jack Ma is expected to visit Hanoi next month to attend a forum on e-payment services.

    Now in its third year, the annual Vietnam E-Payment Forum, provides an opportunity for the government, experts and businesses to sit down together and discuss the latest trends in e-payment services and the best ways to apply them in Vietnam.

    This year, mobile payment will be in the spotlight.

    As a speaker at the event, Jack Ma, founder and executive chairman of Chinese e-commerce giant Alibaba, will talk about his experiences of developing e-commerce and mobile payment services in China.

    According to iResearch, the leading provider of online audience measurement and consumer insights in China, the mobile payment market was valued at $5.5 trillion last year in China, nearly 50 times greater than that of the U.S., and Ant Financial Service, a subsidiary of Alibaba, contributed a lion’s share of 54 percent.E-payment has gradually replaced cash in Vietnam’s northern neighbor, and these days, most Chinese people pay for products and services using their smartphones.

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  • Old Navy Vietnam opens second store

    Old Navy Vietnam opens second store

    Old Navy Vietnam has opened its first store in Hanoi, three months after its debut in the country.

    The 655sqm store is located in Vincom Nguyen Chi Thanh and offers collections for men, women, kids and babies.

    Melissa Fehlman, GM of Old Navy Vietnam, said the brand aims to open more stores throughout Vietnam in coming years, with Ho Chi Minh City’s second shop scheduled this month.

    Acknowledging that Vietnamese customers are trendy, Old Navy commits to refreshing 70-80 per cent of its products every three months, alongside core, long-term lines such as denim wear.

    Old Navy came to Vietnam under a franchise agreement between Gap Inc and Vietnam IPP’s subsidiaries ACFC and CMFC, which also hold the Gap and Banana Republic franchises in Vietnam.

    The nation’s fashion market is booming, buoyed by the recent arrival of international brands, including Pull&Bear and Stradivarius on September 1.

    H&M opens its first store in Ho Chi Minh City on September 9 and Zara will open its first Hanoi store next month.

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  • Golden Gate steps into bubble-tea market

    Golden Gate steps into bubble-tea market

    Vietnam restaurant group Golden Gate has stepped into the bubble-tea market with its first Yu Tang outlet in Hanoi.

    It is on the Chua Lang site formerly occupied by failed The Coffee Inn. The group acquired the property at the end of last year.

    Yu Tang expands on the traditional bubble-tea offering with Taiwanese finger foods such as dumplings and popcorn chicken.

    Founded in 2005, Golden Gate now owns local and franchised F&B chains in Vietnam such as Gogi House, Kichi Kichi, SumoBBQ and Vuvuzela Beer Club.

    Meanwhile, Taiwanese milk-tea brands Sharetea and T4 have moved into Ho Chi Minh City this year, promising more stores in the near future. A third brand, Presotea, is seeking a partner for Vietnam.

    Cashing in, fast-food giant McDonald’s has launched its own milk-tea recipe at all its Vietnam outlets. Its Milkfoam Kacchiato is made from speciality tea grown in Bao Loc city.

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  • Hanoi attempts to manage app-car services like taxis

    Hanoi attempts to manage app-car services like taxis

    Hanoi will manage the operation of app-based taxi service, including Uber and Grab, in a way similar to traditional taxis to guarantee a fair business environment.

    The move followed Hanoi, HCM City and Danang taxi associations petitioning the Ministry of Transport to call for a more equal business environment for taxi services.

    Hanoi People’s Committee have completed a plan on restricting the number of private vehicles for the 2017-2020 period and a vision until 2030 which is expected to be discussed and passed by the municipal people’s council at the meeting of early next month.

    According to the plan, the city will apply more strict management regulations on cars of below nine seats which operate under app-based taxi service in terms of vehicle number, quality and operational scope.

    App-based taxis will be managed in a way similar to traditional firms to ensure equal competition.

    The city’s transport department will check the specific number of Uber and Grab and if the figure exceeds the regulated level, the firms will have to stop operations.

    Uber and Grab taxis are also required to have logo, badge or their own paint colour. Signposts banning Uber, Grab maybe be put up on Hanoi streets.

    The associations called authorities to set the same rules for Uber and Grab.

    According to Do Quoc Binh, Chairman of Hanoi Taxi Association, over the past month, almost of 90 taxi firms in the city urged the association to seek the municipal trade union federation’s approval for their drivers to march through local streets in opposition to Uber and Grab.

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  • Facebook retailers in Hanoi told to pay tax

    Facebook retailers in Hanoi told to pay tax

    Tax collectors have reached out to more than 13,400 businesses, following a similar move by their peers in Ho Chi Minh City.

    The Hanoi Department of Taxation has sent text messages to 13,422 Facebook accounts that use the social media network as a retail platform.

    The retailers have been urged to go to the department’s website to register their businesses and declare tax, Vien Viet Hung, the department’s deputy director, said.

    So far nearly 2,000 of them have registered and been granted a tax code.

    The move came soon after the tax authority in Ho Chi Minh City took similar action.

    Le Thi Thu Huong, a municipal tax official, said Ho Chi Minh City has a record of 13,500 retailers on Facebook and that the law only requires those with an annual revenue of VND100 million or $4,400 to declare tax.

    Tax officials will also need to figure out how to determine their taxable income, Huong said, noting that cash transactions are difficult to track.

    But both officials and experts have admitted that it would be extremely difficult to collect tax from Facebook retailers.

    Nguyen Thi Cuc, who chairs the Vietnam Tax Consultants’ Association, told VnExpress that Vietnam’s tax policy for online businesses is incomplete and that it’s a challenge when most transactions are still in cash.

    Vietnam is also struggling to monitor the business activities of transnational corporations like Facebook and Google, she added.

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  • Zara looking to zip up fashion market with new store in Hanoi

    Zara looking to zip up fashion market with new store in Hanoi

    Fashion lovers will have yet another reason to go shopping with the brand’s first store opening in the Vietnamese capital. High street retailer Zara has announced plans to open its first store in Hanoi in October.

    The world’s leading clothing and accessories retailer has selected the Vincom complex on Ba Trieu Street for the location of its first store in Vietnam’s capital.

    Zara opened its first store in Vietnam in Ho Chi Minh City’s Vincom Dong Khoi commercial center back in September 2016.

    The source also said Zara has spent months preparing for the launch of its Hanoi store.

    Established in Spain in 1975, Zara now has 2,213 stores strategically located in leading cities across 93 countries. The brand is popular thanks to its diversified products and reasonable prices.

    Zara is following in the footsteps of Sweden’s H&M, which has also confirmed the opening of its first store in Ho Chi Minh City’s Vincom Dong Khoi center.

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  • Hanoi shops employ topless men to lure customers

    Hanoi shops employ topless men to lure customers

    The trend started at a restaurant on Thai Ha Street. The images of young men without a shirt on and hot body made many curious and went to the restaurant to see for themselves.

    Tran Thai Linh, a local in Dong Da District, said she also went to the restaurant out of curiosity but then she was disappointed after discovering that the men only appeared for two minutes when the restaurant introduce new dishes.

    Linh said the restaurant definitely hit the nail on the head as everybody liked beautiful things. The images were shared by women are those who came to the restaurant at that moment.

    “I wasn’t there personally but it looked like both adults and children were at the restaurants while the topless waiters appeared. This may not be good for children as they are too young and people of different age groups also come here to eat and may find it offensive,” Linh said.

    After the images and the video clip were shared widely on the internet, many people commented that the PR stunt was crude and that they prefer waiters in ties and shirts.

    Nguyen Minh Hoang, head of the marketing department of the restaurants, said, “This is a private event to introduce new dishes. All 120 guests we invited are students and office workers age 18 to 35. However, some people who couldn’t attend gave their tickets to their relatives and acquaintances. That’s why there are elderly people and children.”

    Hoang said the restaurants couldn’t exactly tell the guests to leave then. He said such private event had been held in many countries before but the restaurant failed to predict the unexpected outcome.

    Not long after, another clip was quickly shared on Facebook, showing hairdressers in only trousers and ties serving customers. Many said they would ask their friends to go to the salon.

    Trinh Minh Hang from Quang Ninh Province said, “I needed my hair done and wanted to experience the service by those muscular and handsome men so I called the salon. However, they said the men were there for a special event and they only washed and dried your hair.”

    Kim Anh, an office worker in Thanh Tri District, said at first she wanted to try too but then was persuaded by her friends that it was not very appropriate.

    Hanoi Department of Culture, Sports and Tourism fined the Tran Anh Company which runs electronic goods stores VND40 million (USD1,920) fast year for employing promotional girls wearing bikinis to greet customers last year. The company claimed that they just co-operated with a partner to make a sex education video series, and it was not a marketing campaign.

    In 2012, VietJet Air was also fined VND20m for in-flight bikini show to celebrate its first flight between Ho Chi Minh City and Nha Trang.

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  • Auto Expo 2017 opens in Hanoi

    Auto Expo 2017 opens in Hanoi

    Domestic auto assemblers and parts suppliers are showcasing their latest products at the 14th International Automobile and Supporting Industries Exhibition (Auto Expo 2017), which opened in Hanoi today.

    The four-day event, sponsored by the Ministry of Industry and Trade (MoIT), is being held at theHanoi International Exhibition Centre by the MoIT’s Industry Policy and Strategy Institute (IPSI) and the Vietnam Society of Automotive Engineers (VSAE).

    The expo has around 450 booths that have on display a wide range of vehicles, including passenger cars, buses, trucks, vans, vehicles for special purposes such as those serving construction, mining, agricultural, military, medical and hygiene activities, as well as two-wheelers such as scooters, motorcycles and electric bikes.

    With an exhibition space spanning 10,000sq.m, the expo also showcases spare parts and components for producing, manufacturing and assembling automobiles, motorbikes and other vehicles. On display are technologies in moulding, welding, plating, painting, automobile interior decor and toys; maintenance and repair equipment; measurement and diagnosis systems; as well as transportation rescue vehicles and devices.

    At the event, exhibitors have introduced services such as garage services, banking and insurance services, and consultative and assistance services for activities related to vehicle manufacturing and trading.

    In addition to the participation of local auto firms such as Vietnam Engine and Agricultural Machinery Corporation (VEAM), CAMC Việt Nam and Vietnam Machine Investment Development JSC (VIMID), the exhibition has also attracted foreign manufacturers and companies from the US, Japan, Thailand, South Korea, mainland China, Taiwan and Malaysia.

    Speaking at the opening ceremony of the exhibition, Deputy Minister of Industry and Trade Đỗ Thắng Hải said the expo would bring more business opportunities for auto firms, help them connect with the auto market and provide a favourable environment for enterprises looking for clients.

    In 2016, the Vietnamese auto market sold around 300,000 cars, up 24 per cent over the previous year, of which the sales of commercial vehicles and special purpose vehicles increased by 25 per cent and 33 per cent, respectively. In the first quarter of 2017, the auto market sold around 65,000 vehicles, a year-on-year increase of 8 per cent.-

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  • Hanoi beer loses in home market despite brief fame from Obama dinner

    Hanoi beer loses in home market despite brief fame from Obama dinner

    Hanoians favor Hanoi beer, Sai Gon beer and Heineken. There are no official statistics about the consumption of beer products, but analysts are sure the three brands dominate the Hanoi market.

    Hanoi Beer Alcohol and Beverage Corp (Habeco) has the Hanoi Beer brand and is located in Hanoi.

    Analysts said that the images of Obama drinking Hanoi beer, which appeared in all local newspapers and international mass media, would help Habeco prosper.

    But Hanoi Beer has lost a large part of the market to its rivals.

    After Obama had dinner at Huong Lien bun cha Shop and drank Bia Ha Noi on May 23, the first day of his visit to Vietnam, both brands appeared many times on mass media. Bia Ha Noi was even mentioned in Obama’s speech the next morning.

    However, while Huong Lien bun cha Shop’s business has been thriving since then, Bia Ha Noi is less lucky.

    Many grocery stores and street shops in Hanoi say that youth now prefer Saigon Special of Sabeco, a brewery headquartered in HCMC. The main customers of Hanoi Beer are aged 50 and more.

    “Hanoi beer now is just for older people,” said Do Hoang Yen, the owner of a grocery store on Khuong Trung street.

    The owner of H.B Shop on Truong Dinh street said five to six years ago, Hanoi beer once dominated the Hanoi market and there was no rival in the bottled beer market.

    “The sales of Sabeco’s products are far higher than Habeco’s,” he said. “We can sell only one Habeco product for every two Sabeco products sold.”

    At large supermarkets, people have begun buying beer in large quantities as the summer has come in Hanoi. And Sabeco’s products are favored.

    Xuan Truong, from Bac Tu Liem district, said he prefers Saigon Beer because it is tastier with a strong flavor, while Hanoi Beer tastes flat.

    However, a branding expert said that tastes are always different. He believes that the problem lies in the marketing strategy.

    While Sabeco offers a wide range of products with different price levels, targeting different groups of customers, Hanoi Beer has stayed the same for many years and cannot attract young people.

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  • Vietjet expands its international presence with new Hanoi – Yangon route

    Vietjet expands its international presence with new Hanoi – Yangon route

    Vietjet continues its international route extension program with the announcement of the launch of the Hanoi to Yangon (Myanmar) route, with tickets priced from only HKD70 (USD9). The new service, commencing August 31, 2017, is expected to meet the increasing travel demands of individuals, tourists and businessmen between Vietnam’s capital city and the Burmese tourism hub.

    The Hanoi – Yangon route is operated on a daily basis with flight time of 1 hour 55 minutes per leg. The Hanoi – Yangon flight departs at 12:05 and arrives at 13:30 (local time). The return flight takes off in Yangon at 14:30 and arrives in Hanoi at 16:55 (local time).

    The new route’s tickets are available for booking within the golden hours from 13:00 to 15:00 daily. Payment can be easily made with debit and credit cards of Visa, MasterCard, JCB, KCP and American Express.

    The capital city is the second destination to be connected with Yangon following the Ho Chi Minh City-Yangon service. With similar cultures, Vietnam and Myanmar are attracting investments for tourism and economic development. The new route is expected to meet the increasing travel demand of tourists and businessmen contributing to the development, integration and trade in the region. This is made possible with the introduction of Vietjet’s convenient flight schedules and amazing airfares.

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  • Aeon Vietnam plans second Hanoi centre

    Aeon Vietnam plans second Hanoi centre

    Aeon Vietnam is to build a second property in Hanoi, in the Ha Dong district in the city’s west.

    This follows the Japanese group launching in the Vietnamese capital two years ago, with a mall in Long Bien.

    An Aeon Vietnam representative says the project, covering 9.5 hectares, will cost VND4.500 tillion (US$200 million). The expected opening date will be in 2019.

    However, the group is yet to determine the specific location for its fifth shopping centre in Vietnam. Ha Dong is developing, and investing in extended ring-road system with a Bus Rapid Transit link with downtown Hanoi. An urban railway is planned to launch next year.

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