Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
VivoCity Saigon opened its door Sunday (April 19) making it the second international shopping mall brand to enter Vietnam, behind Japan’s Aeon. SC VivoCity is a joint venture between Singapore-based Mapletree Investments and local supermarket operator Saigon…
Private equity firms in Singapore and Hong Kong have invested US$15 million into Huy Vietnam Group, Vietnam’s largest operator of local Vietnamese food restaurants. The Series C round of funding will be used to support the company’s network expansion in Ho…
The Vinmart Supermarket Joint Stock Company of Vietnam’s leading property firm Vingroup has signed a contract to buy a 100 percent stake in the VinatexMart supermarket chain. VinatexMart, one arm of the State-run Vietnam National Textile and Garment Group…
South Korean retailer Shinsegae Group will launch in Vietnam by the end of 2015. Shinsegae Vietnam subsidiary E-mart will roll out discount stores in the fast-growing retail economy after five years of research and planning. Shinsegae has secured at least two…
Hong Kong based retail jeweller Chow Tai Fook is to partner in a US$4 billion casino project in Vietnam. Chow Tai Fook Enterprises, an affiliate of Chow Tai Fook Jewellery Group, the world’s largest jewellery retailer by market value, has already committed to…
South Korea’s Lotte has acquired a majority share in a Ho Chi Minh City shopping centre, office and apartment complex as it protects its Vietnam beachhead. Lotte Vietnam has bought out another Korean business’ 70 per cent stake in Diamond Plaza, a high…
A Vingroup official announced the establishment of the firm’s new technology and electronics retail brand on Wednesday called VinPro. A group representative said opening the chain was part of the group’s strategy to become a leading retail brand in Vietnam,…
Gap, H&M and Levi’s are the three fashion brands that have been named on the Ethisphere Institute’s ninth annual list of the World’s Most Ethical Companies. The New York-based research firm listed 132 groups and companies that it believes foster a culture of…
Online shopping in Vietnam was continuing to increase and was well-positioned to hold the key to success for e-commerce in Vietnam, according to the MasterCard Survey on Online Shopping 2014. The MasterCard Survey is commissioned annually and was conducted…
Vietnamese may have been slower to adopt to online shopping than counterparts in other southeast Asian countries – but they are starting to catch up. Data released by the Vietnam eCommerce and Information Technology Agency (VECITA) shows Vietnam online…
Italian luxury brand Prada has opened its first store in Vietnam – in Hanoi. Prada Vietnam has debuted in Hoan Kiem, the capital city’s premier shopping strip Designed by architect Roberto Baciocchi, the store covers a total area of 360 sqm on a single level…
US technology giant Microsoft Corp signed an enterprise agreement with Big C in Ho Chi Minh City on 6 February to deploy cloud solution “Office 365” in Big C’s supermarket chains. The cloud solution is expected to enhance the quality of customer service by…
The recent closure of a number of Topcare stores following a series of big-name shutdowns, was evidence of the fierce competition in the electronics retail market in Vietnam. Before Topcare, the electronics market witnessed the withdrawal of Wonder Buy in…
Vietnamese electronics retailer Tran Anh Digital World JSC said it will close its electronics supermarkets in Vincom’s Times City and Royal City on February 24. The closure was announced after Vingroup, the owner of the two retail and entertainment complexes,…
Gold shops in HCM City are stocking many kinds of original products and hope to make big profits on them during Tet. Gold traders expect the demand for gold products to be particularly high on the 10th day of the new year, which is the birthday of the God of…
US-owned 24-hour convenience store Circle K has opened its 100th outlet in Vietnam and expects to have 150 by the year’s end. Vietnam CEO Tony Yan was optimistic about achieving the target, saying Vietnam’s modern retail industry was in the initial…
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