Topic
33 stories in this topic
Is there too much retail space in Saigon – downtown Ho Chi Minh City – the commercial hub of Vietnam? With more than 1.1 million sqm of retail space, it looks like the Saigon retail market is oversupplied. The closing of Parkson Paragon in the city’s District…
New Zealand has opened a new technology center at Quang Tring Software City in Ho Chi Minh City. The Kiwi Technology Center is envisioned to be a hub for New Zealand tech companies investing and doing business in Vietnam and the ASEAN region. The first…
Parkson Vietnam has closed another of its stores as it continues to struggle to make its business profitable. The Malaysian department store operator has closed the 19,000 sqm District 7 outlet in Ho Chi Minh City, a multi-story department store beneath a…
AuchanSuper, a major retail brand of France, is planning to enter Vietnam with the opening of the first store in 2016, according to a recent report on Ho Chi Minh City’s retailing landscape for this year of the Vietnamese arm of U.S.-based realty consultant…
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…
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…
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,…
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…
KAfe Group, which describes itself as Vietnam’s “first urban fusion cafe chain” has secured US$5.5 million financing from institutional investors in London and Hong Kong. The Series A financing, led by Cassia Investments, will be used to fund rapid expansion…
Korean coffee chain Caffe Bene has opened its first franchised store in Vietnam. Caffe Bene Vietnam’s third store – its first franchised outlet – is located in the recently opened SSC VivoCity shopping centre in Ho Chi Minh City’s District 7, a popular expat…
While it currently runs only one outlet in Ho Chi Minh City, French supermarket chain operator AuchanSuper has plans to increase the number to 17 in 2016, a top executive said. The maiden AuchanSuper-run Simply Mart in the southern Vietnamese metropolis is…
UK-based department store retailer Marks & Spencer has opened a second store in Vietnam’s largest city, Ho Chi Minh. Marks & Spencer Vietnam plans to have 20 stores trading in the country by 2020, focused on selling womenswear and menswear. The new store is…
Vietnam’s retail market is set to grow by 8.4 per cent annually until 2020, making it one of the fastest-growing markets in south-east Asia. Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger…
Hollys Espresso, the Korean cafe chain with a particular Parisian decor, will open its first outlet in Vietnam on July 9. The flagship retailer can be situated in Ho Chi Minh Metropolis and would be the first of three to be buying and selling in Vietnam by…
Japanese retailer and mall operator Aeon has introduced plans for a fourth mall in Vietnam. After the success of its first centre, Celadon Metropolis in suburban Ho Chi Minh Metropolis opened in January 2014, Aeon opened one other within the industrial hub of…
Kahala Manufacturers, the father or mother firm of Chilly Stone Creamery has appointed a Vietnamese franchise associate. The primary of a deliberate 30 Chilly Stone Creamery Vietnam shops will open this yr in Ho Chi Minh Metropolis in partnership with TNC…
