The Shinhan Vietnam Finance Company Limited (Shinhan Finance) and FPT Digital Retail Joint Stock Company (FPT Retail) signed a strategic cooperation agreement on August 30 to diversify financial solutions in the retail sector. A member of Shinhan Card in South Korea, Shinhan Finance is a fully foreign-owned consumer finance company, while FPT Retail is a subsidiary of the FPT Corporation.
In the “new normal”, retailers and businesses need to change within to adapt to new consumer habits. Retail sales of consumer goods and services are expected to grow handily over the closing months of the year, contributing to annual growth of 3 to 4 per cent.
Total retail sales of consumer goods and services in the first nine months of 2021 was down by 7.1 per cent year-on-year. Solutions are needed to stimulate demand to promote economic growth.
