Showing posts with label reported. Show all posts
Showing posts with label reported. Show all posts

Friday, November 26, 2010

Promotion month sees hefty sales revenue

Customers inspect water melons at Big C Hoang Van Thu store. Retail outlets in HCMC have reported stronger sales since the 2010 Big Sale promotion started early this month - Photo: Minh Tam
HCMC – Supermarkets and shopping centers in HCMC have reported an upsurge in sales from last year since local government launched the 2010 month-long sales promotion early this month.

Most retailers reported revenue growth of between 20% and 100% in the first half of September while the number of shoppers was also higher. Sales revenue of Co.opMart stores leapt 30% while Zen Plaza, Vissan and Fahasa soared 100%, 23% and 20% respectively.

Retailers reported August sales rises of 5% to 20% but early this month their sales rocketed 30% to 200% depending on areas as the Big Sale program started in coincidence with the long National Day holiday.

Sales at Nguyen Kim and Thien Hoa electronics supermarkets grew 200% on September 2.

Retailers said at a meeting with the city’s Department of Industry and Trade last week that the increased publicity for the promotion had contributed to the success.

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Thursday, October 28, 2010

Business briefs

Five local telecom companies have been allowed by the Ministry of Information and Telecommunications to test the 4G wireless standard in Vietnam. The companies, including state-owned VNPT and military run Viettel, have been given one year to test the technology before they can apply for the license to provide the service, news website VnExpress reported on Tuesday. 4G is the latest generation wireless technology that allows ultra-broadband Internet access and multimedia services.

State-run Coal and Mineral Industry Group has found an additional 50 million tons of copper ore at the Sin Quyen Mine in the northern province of Lao Cai, news website VietNamNet reported on Wednesday. The group said Sin Quyen is the largest copper mine in Southeast Asia with total reserves of 100 million tons. It plans to raise the annual output of its ore screening plant to three million tons from the current 1.2 million. (TN, BLOOMBERG)

Electricity of Vietnam has signed an agreement with Germany’s Kreditanstalt fuer Wiederaufbau to get a 120 million-euro (US$152 million) loan, Nguoi Lao Dong newspaper reported. The utility, known as EVN, plans to use the nine-year loan, which has a low interest rate, to upgrade the grid nationwide.

Vietnam’s Atomic Energy Institute signed an agreement with NWT Uranium Corp. of Canada to assess the country’s uranium potential. Vietnam is preparing to develop a nuclear power industry. The agreement between NWT and the Vietnamese institute calls for the former to analyze uranium ore in the country, including assessing the economic and technical feasibility of any reserves found, NWT said in a stock exchange statement released on Tuesday.

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