Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Swedish furniture and homewares retailer Ikea wants to ramp up its Southeast Asian store rollout. The next two markets in its sights are the Philippines and Vietnam. But in some key markets, finding suitable locations for its large format stores is proving a…
Philippines fashion retailer Golden ABC says it plans to open 125 new stores in the Philippines and across Asia in 2016. According to CEO Bernie Liu, 100 stores will open in the company’s home market and a further 25 will open in other Asian countries,…
Vietnam’s first ever integrated destination resort will be operated by Mövenpick Hotels & Resorts. In a strategic move that cements its presence in the fast-growing Asian hotel market, the Swiss hospitality firm has signed a management deal with Ngoi Sao Cua…
Indonesia plans to import one million tonnes of rice from Vietnam to meet the country’s high demand, according to Indonesian Ambassador to Vietnam Mayerfas. He made the statement at a press conference in Hanoi on December 4 to introduce an Indonesia trade…
The new face from Thailand on the Vietnam stock market is Ton Poh Thai Fund – an investment fund that purchases shares through transactions on the bourse. As of October 31, Ton Poh Thai Fund had net assets of about $135 million. Last year, the profitability…
A downtown spot costs $150 a square feet a year, even more than prime locations in Bangkok. A global property survey has named Ho Chi Minh City downtown as one of the most expensive retail locations worldwide. The southern metropolis, which is the largest…
Philippines-based Jollibee Foods is actively searching for at least two more established fast food or QSR restaurant chains to boost its brand portfolio. Jollibee chairman Tony Tan Caktiong says the company will pay up to $100 million for each investment and…
Hit with a 15 per cent sales slump since the introduction of GST in Malaysia, embattled department store operator Parkson is set to enter new categories – gourmet food, supermarkets, beauty – and import new fast fashion brands. The company has invested RM100…
Singapore-founded fashion retailer M)phosis is reportedly closing all its Southeast Asian stores due to financial challenges. The Straits Times has reported the chain is in the process of closing remaining stores in Vietnam, Malaysia, the Philippines and…
Thai retailer Siam Makro says it is keen to enter Myanmar, one of three key Southeast Asian markets it considers a priority. Siam Makro, which operates the Makro-branded cash-and-carry stores, has confirmed to the Bangkok Post newspaper that it has completed…
English Premier League club Manchester City has partnered with EZ Shopnet to launch five online stores serving Asian fans. Manchester City online stores will be launched for customers in China, Hong Kong, Japan, Korea andSoutheast Asia. As the club’s new…
Furniture retailer JYSK Vietnam has opened the first of 10 to 20 planned stores. The announcement comes just a month after the Danish brand opened its first outlets in Singapore, stores-in-stores within larger outlets operated by its local partner Courts. It…
Vietnam’s largest retail group has snapped up local supermarket chain Maximark. Vingroup, whose assets already include 12 Vincom shopping centres with a raft of its own retail brands inside, and 125 VinMart grocery stores, will rebrand the nine Maximark…
Wilmar International has teamed up with leading local retailer Saigon Co-op to form a joint venture for a multimillion-dollar sauce making plant in Vietnam, the Singaporean agribusiness group announced Tuesday. Wilmar International holds a 51 percent stake,…
Thai department store chain Robinson says it will open outlets in planned special economic zones to encourage cross-border trading. The Central Retail Corporation subsidiary says it will open a new Lifestyle Centre at Mae Sot in the Tak province, on the…
Privately-owned French supermarket operator AuchanSuper has opened its first store in Vietnam, branded Simply Market. It plans 17 more before the end of 2016. The first store is trading in Ho Chi Minh City’s District 5, a middle class Vietnamese suburb not…
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