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Thai tycoons have been seeking business opportunities in Vietnam’s beverage, retail and construction materials markets over the past five years in a bid to take advantage of the country’s 95 million population and expanding middle class, according to experts.…
Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real…
Thai company Berli Jucker (BJC) plans an aggressive expansion of its retail network in the Asean region. The push will include its hypermarkets and convenience stores, including the opening of Big C hypermarkets in Malaysia. BJC president/CEO Asawin…
AEON Thana Sinsap (Thailand) Public Company Limited, a leading retail finance company, in collaboration with Big C Supercenter Public Company Limited, a leading hypermarket retailer, has announced cooperation to launch the new “Big C Platinum payWave Credit…
hai retail giant Central Group aims to raise the share of its e-commerce sales to 15 per cent over five years, up from the present 1 per cent. Presenting the company’s annual business plan, CEO Tos Chirathivat says the group will aggressively pursue expansion…
Vietnam’s Mobile World – the electronics retailer – says it plans to open 300 more grocery stores under the Bach Hoa Xanh banner this year. The convenience store chain targets time-poor Vietnamese housewives who prefer small stores to crowded supermarkets or…
Berli Jucker (BJC), the owner of Big C Supercenter, will allocate TB10 billion (US$280 million) to expand the Big C hypermarket chain. It plans to opening 213 stores and renovate 54 outlets next year. BJC executive VP for group strategy and investor relations…
More than ever, consumers in Vietnam are looking for the ‘Made in Thailand’ label when purchasing consumer goods, and they’re willing to pay a premium for these products, according to experts. The high domestic demand for Thai products, they say, was the…
Thai hypermarket operator Big C Supercenter boosted margins in the latest quarter despite the challenging economic climate. The company has reported continued resilient rental and service income growth, margin improvement across the board thanks to a focus on…
Thai retailer Central Group expects revenue to rise 21 per cent to Bt320 billion ($9.17 billion) this year following strong growth in overseas business plus tourist spending. Controlled by Thailand’s Chirathivat family, Central is seeking to expand in…
JLL released a brief report on Asian and European retailers ready to penetrate the market of more than 90 million people.The report pointed out evidence of the expansion of foreign retailers in Vietnam’s market. At the end of 2014, Berli Jucker Plc (BJC)…
South Korea’s largest discount chain E-mart has committed to invest $200 million in Vietnam, continuing the trend of foreign investors entering the Southeast Asian nation’s rapidly growing consumer sector. A memorandum of understanding between E-mart and…
Thai retail giant Central Group has declared around VND2 trillion (US$89.6 million) in tax on its acquisition of Vietnam’s biggest foreign-owned supermarket chain Big C, local media reported. Big C Vietnam, which declared the tax on behalf of its new owner,…
Thailand’s retail market is expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent from now until 2020. This was revealed in the latest market study by global technology research and advisory company Technavio. Its research report,…
Berli Jucker Group, the new owners of Big C Thailand, have announced a major expansion plan targeting the regions. Big C Supercenter’s board, now controlled by Berli Jucker Group after it bought stakes from Group Casino and Central Group, over recent months,…
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…
