Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
A new H&M athleisure wear range is to be launched in July, developed with input from the Swedish Olympic team and fronted by personalities including Caitlyn Jenner. The launch of For Every Victory makes H&M one of the first major multinational fashion brands…
A retail mall, Republic Plaza Saigon, will be part of a Ho Chi Minh City complex being developed byThuy Duong-Duc Binh Trading. Anchoring the project is a 350-room Holiday Inn & Suites hotel – the first of that brand in Vietnam.Holiday Inn is part of the…
Purchasing power is declining despite Vietnam retail sales and services revenue rising 9.1 per cent to VND1430 trillion (US$63.4 billion) in the first five months of this year. If inflation is excluded, the amount marks an increase of 7.8 per cent, according…
Vietnam Television (VTV), Vietnam’s leading broadcaster, is using Harmonic equipment to support efficient delivery of high-quality content, including premium sports events, via its new live OTT offering. VTV has augmented its existing installation of Harmonic…
New Zealand has opened a new technology center at Quang Tring Software City in Ho Chi Minh City. The Kiwi Technology Center is envisioned to be a hub for New Zealand tech companies investing and doing business in Vietnam and the ASEAN region. The first…
Shopping mall developer Central Pattana, which runs 29 malls in Thailand, plans to open its first foreign outlet in Malaysia in 2018. It will work through a joint venture with a Malaysian company in which it holds a 60 per cent stake. The new mall, under the…
Singapore’s Mapletree has revealed how its SC VivoCity joint venture in Ho Chi Minh City is performing. The shopping centre, built in the heart of District 7, a area popular with expats from Korea and Singapore especially, opened in April 2015. In its recent…
A number of international telecoms operators have reportedly expressed an interest in participating in the privatization of Vietnamese state-owned operator Mobifone. Companies including Norway’s Telenor, Sweden’s Comviq and Australia’s Telstra have shown…
Southeast Asian economies are reaching a stage similar to China’s at the end of the last decade, when eCommerce began to take off, according to Alibaba Group executive vice-chairman Joseph Tsai. “I don’t blame you guys for having some degree of excitement…
Thai retailer Central Group Vietnam is putting the brakes on its acquisition spree to focus on consolidating profit, according to media reports. Deputy group CEO Prin Chirathivat says Vietnam is shaping up as a second home for the Central Group, with the…
Thai retailer Central Group said it will put a hold on its acquisition spree in Vietnam, after the recent aggressive expansion in the country, to focus on making profit over the next three years, according to different media reports. The recent forays in…
South Korea’s commercial bank Woori Bank will join hands with local insurance companies to provide insurance service and products from its global outlets starting with its local unit in Indonesia. According to bank sources, the bank will be able to sell…
Parkson Vietnam has closed another of its stores as it continues to struggle to make its business profitable. The Malaysian department store operator has closed the 19,000 sqm District 7 outlet in Ho Chi Minh City, a multi-story department store beneath a…
A Vietnam franchising boom is nearing with about 40 foreign brands reportedly seeking franchise partners in the nation. With the signing of several free-trade agreements and Vietnam’s involvement in the Asean Economic Community (AEC), the franchise industry…
A Japanese businessman has revived the established Japanese shirt brand Wasedaya Shirt – in Vietnam. His first outlet is in the Aeon Mall Long Bien in Hanoi, run by Japanese retail giant Aeon and its subsidiary Aeon Mall. Founded in 1903, the Osaka-based…
Crystal Jade restaurants are headed to Myanmar after a franchise agreement signed between Singapore Myanmar Investco (SMI) and Crystal Jade Management Vietnam. Crystal Jade Group has more than 100 outlets in 20 cities in the Asia Pacific region and the US.…
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