Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Thailand’s largest retail conglomerate Central Group is keen to bid for Casino Group’s Thai and Vietnam operations, a company executive said. Casino owns 58.6% of Big C Supercenter Plc, which has a total a market value of $5.5 billion. Casino said last week…
CapitaLand Limited (SGX: C31) is one of Asia’s largest real estate companies with a presence in Singapore, China, Indonesia, Malaysia and Vietnam. It is listed on the Singapore Exchange with a market capitalization of over S$13 billion. The company has a…
Viet Nam’s retail sales of goods and services rose 9.5 per cent this year, the largest increase since 2011, as low inflation and strong economic growth bolstered consumer confidence, data from the General Statistics Office (GSO) revealed. Sales were estimated…
As a first step in a Southeast Asian rollout, Korean discount store E-Mart has opened its first outlet in Vietnam. It goes head-to-head with rival Korean chain, Lotte Mart, which has been in Vietnam since 2011 and now has 11 stores. The E-Mart Vietnam launch…
One in three millennials in Asia are eating at fine dining restaurants at least once a month – more often than those aged over 30. The surprise finding is one of a list of revelations uncovered by a MasterCard survey of Asian dining trends away from home. It…
Despite a sustainable growth rate, earnings from the Vietnamese arm are miniscule in comparison to other foreign businesses of the French retailing chain Big C, which is owned by Casino Group. On December 15 the French retailer issued a memorandum stating…
E-Mart said Monday it has opened its first outlet in Vietnam, with aims to expand its presence across the Southeast Asian region in the years to come. The discount store chain operated by Korea’s retail giant Shinsegae will be competing with Lotte Mart, which…
Mövenpick Hotels & Resorts is consolidating its expansion campaign in South-East Asia with two new properties announced for Malaysia and Vietnam, both of which will open in 2018. Strengthening its development plans in Malaysia, the Swiss hospitality firm has…
The national flag carrier Vietnam Airlines conducted 365 flights between Vietnam and Indonesia in 2015, carrying more than 100,000 passengers and over 1,000 tonnes of cargos. According to Nghiem Van Khanh, head of the firm’s branch in Indonesia, in 2015 the…
VietNamNet Bridge – The business fields that Thais have poured money to in Vietnam – infrastructure, building materials, retail, consumer goods, food and automobiles – are all fields with great potential. MAF’s research team, in its latest report, pointed out…
Days after announcing it was shutting down, Rocket Internet’s Foodpanda Vietnam has been bought by local rival Vietnammm. Vietnammm, the original online food delivery service in the commercial hub of Ho Chi Minh City, has paid an undisclosed amount to acquire…
Casino Group plans to unload the Big C hypermarket chain in Vietnam, as part of a restructuring plan to strengthen its financial flexibility in 2016. In a news release posted on its website on Tuesday, the French group said it aims to shave off more than 2…
VN a rising Asian retail market Viet Nam is on the way to becoming one of the most developed retail markets in Asia, a seminar heard yesterday in Ha Noi. The Viet Nam Retailers Association (VRA) organised the Viet Nam Retail Forum 2015 with the theme of…
Final consumption expenditure (percent of GDP) in Vietnam was estimated at 70 percent last year by the World Bank with household consumption accounting for 90 percent, making the country among Asia’s top 5 retail markets. The country’s middle class, the most…
Foodpanda – relentlessly marching its way across Southeast Asia, gobbling up rival food delivery businesses and creating monopolies – has shocked the online community by closing its Vietnam business. According to a report in online business news website Deal…
An iconic Japanese restaurant chain Kushikatsu Daruma has opened its first outlet outside its home market – and announced plans to enter three more Asian countries. Kushikatsu Daruma opened its first restaurant in 1929 at the foot of Tsutenkaku, the famous…
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