HCM City works to boost retail market Ho Chi Minh City’s total retail and service revenue in the first six months of 2018 is estimated at VND502.55 trillion (US$22.11 billion), up 11.7% over the same period last year. According to the Ho Chi Minh City Department of Industry and Trade, the city currently has 239 traditional markets, 209 super markets, 42 trade centres and 1,609 convenience stores. The domestic retail market has continued its stable development trend with last year’s revenue expanding 10.9%. The strong growth of the retail market is creating big chances for domestic production, trading and supply firms. Nguyen Anh Duc, Deputy General Director of the Saigon Co.op said that recently, the firm has partnered with Singapore’s NTUC Fair Price to launch a convenience store chain called Cheers that opens 24 hours a day to meet the demand of customers. Duc added that 50 Cheers shops are expected to be opened across the country in 2018. In the end of this year, … [Read more...] about BUSINESS IN BRIEF 18/6
Probiotics 50 billion benefits
Several years ago, Jordan Rubin found himself nursing an injured knee. At the time, the entrepreneur was considering his next move after leading the billion-dollar dietary supplement company Garden of Life, which he founded in 2000 while battling Crohn’s Disease. Rubin sold Garden of Life to Atrium Innovations in 2009 (it has since been acquired by Nestlé). A diet book author and motivational speaker, he was accustomed to depending on whole foods and supplements to try to fix whatever troubled his body. But this time, he struggled: Rubin couldn’t find any portable bone broth, considered the liquid gold of collagen. He could have done what most do, which is spend hours making the amino acids-rich bone broth at home. But it’s a lot of work: There’s the shopping, the chopping, then the hours slaving over a simmering cauldron of meat bones. It can take anywhere from 12 to 48 hours. His knee prevented him from long periods of standing. So instead he relied on … [Read more...] about How Did This Bone Broth Company Raise Over $100 Million?