Hanoi retail market retains lustre
In this article (4)
The retail market in Hanoi is still attractive for investors, even though it has experienced business impediments during the past, a Hanoi Industry and Trade Department official said.
Last year was continuously marked by numerous fluctuations in the modern retail market nationwide, as well as in Hanoi, which encountered many challenges in business, said Tran Phuong Lan, Director of the Department.
Some trading centres in the city had to sell or temporarily stop their operations, including the Thai Berli Jucler Group buying Metro Vietnam, and the operations at Parkson Landmark 72 and Trang Tien Plaza being stopped for restructuring of retailers in the plaza, Lan stated.
Questions & Answers
Q.Which retail centres in Hanoi faced operational issues last year?
Which retail centres in Hanoi faced operational issues last year?
Last year, operations at Parkson Landmark 72 and Trang Tien Plaza were stopped for restructuring. Also, some other trading centres in the city either had to sell or temporarily cease their operations.
Q.Who bought Metro Vietnam, as mentioned in the article?
Who bought Metro Vietnam, as mentioned in the article?
The article states that Metro Vietnam was bought by the Thai Berli Jucler Group. This was cited as an example of trading centres in Hanoi having to sell during a challenging period for the market.
Q.Who is Tran Phuong Lan and what was her assessment of the market?
Who is Tran Phuong Lan and what was her assessment of the market?
Tran Phuong Lan is the Director of the Hanoi Industry and Trade Department. She stated that the modern retail market in Hanoi faced many business challenges and fluctuations last year, despite remaining attractive for investors.
Reader pulse
Is Hanoi's retail market still a strong investment opportunity?
22,591 votes so far