Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The five-day fair themed “Viet Nam-South Korea Cooperation for Mutual Development” was held in the southern province of Ba Ria-Vung Tau. Truong Van Thoi, director of the provincial Trade Promotion Centre, said the event attracted some 40,000 visitors who…
Singapore-based Japanese restaurant chain Japan Food Holding achieved 10.8 per cent growth in net profit for the six months to September 30. This took its net profit to S$2.7 million (US$1.95 million) on the back of a 5.5 per cent increase in revenue to…
Vietnam’s VinaPhone has become the market’s first operator to launch 4G services, commencing with a deployment providing full coverage of Phu Quoc Island. The VNPT mobile subsidiary has deployed 100 4G base stations to provide total coverage of the island.…
Japanese retailer Aeon has seen its revenue edged up 0.9 per cent in the latest half year, but its results vary greatly between formats. Total sales reached JPY 4,112 billion (US$39.2 billion), for the six months to August 31, while operating profit improved…
Prime Vietnam retail rents are rising as a flurry of international retail brands move into Ho Chi Minh City. The third quarter of 2016 saw major changes of supply market in HCMC, according to a research report by Colliers International. In recent months, more…
Vietnamese chain KAfe Group has been bought out by foreign investors and its founder ousted. The unidentified foreign investors have increased the business’ capital from VND16 billion to VND244.825 billion (US$10 million). KAfe’s founder and CEO, Chi Anh Dao,…
Jollibee Foods (JFC) has opened the 991st branch of its flagship brand Jollibee in the Philippines, in the Ma-a area of Davao. It marks the start of its countdown to its 1000th store, to be unveiled in the first quarter of next year. Its expansion is spread…
Big C Vietnam says it will close its eCommerce site Cdiscount by the end of December. The closure appears to be part of a policy change from Thailand’s Central Group after it bought the supermarket chain in April in a US$1.14 billion deal. The company will…
Korean retailer Lotte is entering the Vietnam eCommerce market with Lotte.vn after six months’ preparation. By launching its first online shopping website on October 28, the Korean retailer is expecting to acquire 20 per cent of the online market. And it sees…
Vinamilk and FPT Retail Vietnam have entered a joint venture to open a chain of stores specialising in dairy products. This “uncommon partnership” is hoped to bring benefits to both parties, FPT adding extensive retail industry experience and insight,…
GTel Mobile has become Vietnam’s fourth 4G licensee, joining MobiFone, Viettel and VNPT in securing a license. As with the major operators, GTel Mobile has secured permission to deploy 4G services on the 1800-MHz band. GTel Mobile is owned by Vietnam’s Global…
Carolina Herrera has opened a flagship store at Saigon Centre shopping mall. The first Carolina Herrera Vietnam store, it is located on Level 1, facing Le Loi St – one of the most visible spots in the city’s centre. At the grand opening, CH introduced its…
Vietnam has granted 4G licenses to three of the market’s major mobile operators – MobiFone, military-run Viettel and state-owned VNPT. The operators have been granted permission to roll out LTE services over the 1800-MHz band. Each of the three operators have…
Thai retailer Central Group expects revenue to rise 21 per cent to Bt320 billion ($9.17 billion) this year following strong growth in overseas business plus tourist spending. Controlled by Thailand’s Chirathivat family, Central is seeking to expand in…
Shopper-engagement platform Sprooki will launch in Indonesia next month at the 125,000 sqm Supermal Karawaci retail precinct in western Jakarta. It will be integrated with the precinct’s touchpoints and mobile apps, allowing retailers to offer customers…
JLL released a brief report on Asian and European retailers ready to penetrate the market of more than 90 million people.The report pointed out evidence of the expansion of foreign retailers in Vietnam’s market. At the end of 2014, Berli Jucker Plc (BJC)…
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