Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
South-east Asian department store operator Parkson Retail Asia narrowed its fourth quarter net loss by 80 per cent, owing to the absence of costs associated with a store closure a year earlier. Parkson, which does not have stores in Singapore, reported a net…
Beauty retailer The Luxasia Group has appointed former SingPost CEO Dr Wolfgang Baier as group CEO, while founder/owner Patrick Chong has become chairman. “Luxasia is now at an important crossroads,” says Chong. “We intend to grow with our international…
Leading Korean accessories chain Naughty Cat has opened its first Vietnam store on Nguyen Hue St in the city centre. Naughty Cat Vietnam is located at 47 Nguyen Hue street, D1. The store hopes to cash in on the crowded ‘walking street’ as well as the growing…
Kantar Worldpanel has formed a global partnership with Facebook that brings Facebook mobile ad exposure data into Kantar Worldpanel’s Consumer Mix Model (CMM) service. In Asia, the service has launched in South Korea, Taiwan, Thailand, Philippines, and…
Vietnamese military-run operator VNPT has launched mobile satellite services via subsidiary VinaPhone. The operator has signed an agreement with Thuraya to expand its coverage to 100% of Vietnam’s territory – as well as two thirds of the world – by utilizing…
Right after the closure of its sibling eCommerce model Lingo, Topmot Vietnam has received US$1 million from investors in Asia, Europe and the US. The funding proves that despite many online failures in Vietnam to date, there is still interest in eCommerce…
MobiFone is leveraging Ciena technology to build the Vietnamese operator’s first high-capacity converged packet-optical network. Currently provisioned with 300Gbps, the network spans more than 1,400 kilometers across the country from Hanoi to Ho Chi Minh…
The growth rate of Vietnam retail sales is slowing, according to official data. The Vietnam General Statistics Office says retail trade and services revenue for the first half of 2016 was US$89.6 billion, 9.4 per cent higher than last year. But the rate of…
Vietnamese supermarket chain VinMart has tripled its revenue in the second quarter of this year. Parent VinGroup says the group achieved VND2,465 billion (US$110.6 million) in sales of its supermarkets and convenience stores, a 226 per cent increase compared…
Nike is phasing out its golf equipment business to focus on shoes and apparel. The company has announced it is accelerating its footwear and apparel business and will transition out of Nike golf equipment range – including clubs, balls and bags. “We’re…
Philippine fashion retailer Golden ABC Inc is set for Asian expansion. The company behind Penshoppe, Oxygen, Regatta, For Me, Memo, Tyler and Red Logo said it plans to increase its approximately 660 stores in the Philippines to 700, and open 50 stores…
Thai retail giant Central Group has declared around VND2 trillion (US$89.6 million) in tax on its acquisition of Vietnam’s biggest foreign-owned supermarket chain Big C, local media reported. Big C Vietnam, which declared the tax on behalf of its new owner,…
Property firm Keppel Land opened a mall in Ho Chi Minh City yesterday as part of plans to increase its presence in Vietnam. The mall in Saigon Centre has 55,000 sq m of retail space and is already fully leased with over 400 international and local brands, the…
Vietnamese realty group Hoang Anh Gia Lai on Sunday put into operation a five-star hotel in Yangon, Myanmar. The hotel is housed in the group’s Myanmar Center, located some eight kilometers from downtown Yangon, on Kaba Aye Pagoda Road in Bahan Township.…
Pan-Asia retailer Dairy Farm International Holdings reports “modest” sales growth for the six months ended June 30. Underlying profit was slightly ahead as higher contributions from food, home furnishings, restaurants and China hypermarket Yonghui offset a…
Three years after the Japanese luxury department store chain announced plans to enter Saigon, Takashimaya Vietnam opened its doors at the weekend. As the anchor tenant of downtown Ho Chi Minh City’s Saigon Center, Takashimaya takes up a whole five floors…
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