Central Group Vietnam plans $30m investment
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Thailand’s Central Group plans a $30 million investment for its Vietnam expansion in the next five years.
Central Group Vietnam will double the number of supermarkets as well as develop 13 commercial complexes by 2021.
The Thai-based retailer has been expanding rapidly in Vietnam since 2013 targeting middle class customers.
Since then, the group has acquired several operations to gain a strong foothold there.
Last year, it acquired 49 per cent of electronics retail chain Nguyen Kim, followed by fashion eCommerce marketplace Zalora Vietnam.
This April, Central bought out Big C Vietnam from the French group Casino in a deal worth $1.14 billion. The retail chain has 33 supermarkets nationwide which serves more than 50 million customers annually.
With the population of more than 90 million, Vietnam has the world’s second-fastest growth per person since 1990, behind only China. In terms of retail growth, the country ranks in the top five in Asia and 11th globally.
Questions & Answers
Q.How much has Central Group committed to invest in Vietnam over the next five years?
How much has Central Group committed to invest in Vietnam over the next five years?
Central Group plans to invest $30 million in Vietnam for its expansion initiatives during the next five years.
Q.Which retail businesses has Central Group acquired in Vietnam since 2013?
Which retail businesses has Central Group acquired in Vietnam since 2013?
The group has acquired a 49 per cent stake in electronics retailer Nguyen Kim, fashion eCommerce marketplace Zalora Vietnam, and Big C Vietnam.
Q.What are Central Group's expansion plans for supermarkets and commercial complexes in Vietnam?
What are Central Group's expansion plans for supermarkets and commercial complexes in Vietnam?
Central Group Vietnam intends to double its number of supermarkets and develop 13 commercial complexes by 2021.
Q.When did Central Group acquire Big C Vietnam and from which company?
When did Central Group acquire Big C Vietnam and from which company?
Central Group acquired Big C Vietnam in April from the French group Casino, in a deal valued at $1.14 billion.
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