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AEON General Merchandise Store & Supermarket Set to Open at Vincom Mega Mall Ocean City: A New Era for Retail in Hanoi In a move poised to reshape the retail landscape in Hanoi, Vincom has announced the grand opening of AEON General Merchandise Store &…
Mall operator Vincom Retail has reported after-tax profits of VND1.02 trillion (US$43.4 million) for the first quarter, a 2.7-fold rise year-on-year, amid a recovery in consumption. It was 23% up quarter-on-quarter, the company’s consolidated financial…
Vincom Retail targets a post-tax profit of VND2.5 trillion this year, up 5 percent from 2020 but lower than in 2019. The mall developer and subsidiary of conglomerate Vingroup eyes revenues of VND9 trillion, up 8 percent from last year but marginally below…
Vietnam’s Vincom Retail has announced three new Vincom Mega Mall shopping centres. Two of the new properties will be located in Hanoi and the third in Ho Chi Minh City, the country’s commercial capital. Located in one of the largest real estate projects in…
Vincom Retail plans to open 30 more shopping centres in Vietnam this year, increasing its mall network to 200 by 2021. To fund the plan, the retail subsidiary of Vingroup will raise US$500 million. The first of the new malls to open will be Vincom Center…
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…
Miniso Vietnam plans to open 500 more stores in the next two years, adding to the 30 outlets already established. Co-founder/chief designer Miyake Junya says he has signed a strategic co-operation agreement with Vietnamese developers, including Vincom, which…
Vietnam’s richest man and first billionaire has climbed past U.S. President Donald Trump on Forbes magazine’s real time list of the world’s billionaires. Pham Nhat Vuong, founder and chairman of Vingroup JSC., was the world’s 640th richest person with a net…
Zara Vietnam opens its first Hanoi store tomorrow in Vincom Centre Ba Trieu. According to an announcement on the Spanish fashion brand’s website, the three-storey store will face Doan Tran Nghiep street and offer styles for women, children, teens, and men. It…
Earlier, on March 8, the M.V.P Group held a press conference to address issued related to the closure of Platinum Cineplex, the biggest cinema operator by screen in Hanoi, at three Vincom malls. The three cinemas include Platinum Royal City in Thanh Xuan…
The New Orleans chain PJ’s Coffee has opened its first shop in Ho Chi Minh City, Vietnam. The cafe is located in the Union Square shopping mall, while a second shop is planned to be opened in December. Within five years, PJ’s plans to open 10 more shops in…
Zara Vietnam’s flagship store is taking shape at Vincom shopping mall in Ho Chi Minh City, and is expected to open soon. The Spanish fast-fashion brand announced in May that it would expand to Vietnam this summer, setting its debut store’s opening date for…
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…
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…
