Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Thai retail conglomerate Central Group has won the bidding battle for Groupe Casino’s Big C Vietnam business. Groupe Casino has confirmed Central paid €1 billion (US$1.14 billion), which will be used to pay down debt. That price is as much as $300 million…
Hong Kong shoe retailer On Pedder has launched an eCommerce site featuring a curated mix of luxury footwear. It is centered around the retailer’s Pedderzine, a seasonal art-fashion hybrid magazine distributed to customers. Complimentary shipping is being…
Central Group is set to buy Zalora’s businesses in Thailand and Vietnam, according to reports. Zalora is a fashion-focused e-commerce site. Central Group’s assets, which include multiple shopping malls and national department store chains, are worth close to…
South Korean retail heavyweight Lotte has reportedly withdrawn from the bidding battle for Big C Vietnam. Reuters, quoting unnamed sources familiar with the matter, said the company was not keen to bid aggressively for the supermarket network. Lotte already…
Dubai-based Abraaj Group has led a US$30-million Series B round of fundraising for Singapore’s Ninja Logistics (Ninja Van), a technology-enabled last-mile logistics provider with a presence in Indonesia, Malaysia and Singapore, and just lately Vietnam. Ninja…
Singapore-based mobile point of sale (mPOS) provider SoftPay Mobile International has arranged to buy out Vietnam MPOS Technology. Vietnam MPOS customers include Mai Linh Taxi Group, one of the largest taxi groups in Vietnam, as well as insurance companies.…
Vietnamese military-run operator Viettel has provided details of its plans for entering the Myanmar mobile market, including a goal of connecting 95% of the country’s population within three years. Viettel was recently selected as the international partner…
Two Asian retail leaders have been added to Forbes magazine’s annual list of 50 most powerful businesswomen in Asia – in The Philippines and Vietnam. They are Robina Gokongwei-Pe, the president and COO of Robinsons Retail Holdings, the second-largest…
Vietnam’s Ministry of Industry and Trade (MoIT) is investigating seven multi-level marketing companies, including Amway Vietnam. With a focus on uncovering illegal pyramid schemes masquerading as business opportunities, the investigation is expected to be…
One of Vietnam’s largest private tech firms, FPT Corporation is planning to sell a large stake in its retail and distribution units, providing an opportunity for regional players to buy into the fast-growing Vietnamese market. Funds from the sale will be used…
Rocket Internet is selling its Zalora Thailand and Vietnam eCommerce fashion sites. This follows the Alibaba Group investing in Rocket Internet’s Lazada, valued at US$1.5 billion. Zalora, which raised more than $250 million, was once on an equal footing with…
Growing online sales will not undermine demand for Asian retail real estate, according to the last CBRE study of major international brands. For the seventh edition of How Active Are Retailers Globally?, the real-estate company looked at more than 150 major…
A Vietnam payment platform start-up has received a US$28 million shot in the arm from private equity investors. M_Service, which launched the mobile e-wallet MoMo, received the boost from Standard Chartered Private Equity (SCPE), which invested $25 million,…
Berli Jucker shareholders have voted in favour of the US$6.2 billion acquisition of a majority stake in Big C Thailand. The vote – virtually unanimous – followed news the listed company had secured funding for the purchase from a syndicate of 15 banks and…
HSBC Bank (Vietnam) chief executive Pham Hong Hai (right) and Kelvin Tan, chief executive of HSBC Thailand, say HSBC aims to capitalise on its presence in seven of the 10 Asean countries. HSBC seeks to offer a better integrated regional service with the…
Thailand’s Robinson Department Store aims to invest about 16.8 billion baht (US$479 million) on opening stores over the next five years with the aim of boosting average sales growth by 5 to 7 per cent a year. Majority-owned by Central Group, Thailand’s…
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