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VinPro, the electronics retail arm of Vietnamese conglomerate Vingroup, may invest in mobile device retailer Vien Thong A. However, Vien Thong A GM Hoang Ngoc Vy has denied the media reports, before enigmatically adding that further information would be…
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…
Pham Nhat Vuong, Vietnam’s first billionaire and owner of giant conglomerate Vingroup, has leapt 97 positions to become the 543rd richest person in the world, released on Tuesday. The magazine’s real-time list of the world’s billionaires showed that Vuong’s…
HCM City’s People’s Committee had given Vingroup Joint Stock Company (Vingroup JSC) the go-ahead to invest in a sports and entertainment complex in District 2’s new Thủ Thiêm urban area. The complex would be located on 31.39 hectares, and the People’s…
Convenience-store giant 7-Eleven plans to enter Vietnam by taking over VinGroup’s VinMart+ chain, marketplace sources say. In a statement from the US last year, 7-Eleven said it would build stores as well as convert “existing locations”. Now industry insiders…
Korean chain K-Market is in talks with VinGroup to expand its network. K&K, the owner of K-Market supermarket chain and K-Food, wants to expand by opening inside VinGroup’s commercial centres. K-Market currently locates its retail stores inside Lotte Mart and…
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…
Vietnamese supermarket chain VinMart has tripled its revenue in the second quarter of this year. Parent VinGroup says the group achieved VND2,465 billion (US$110.6 million) in sales of its supermarkets and convenience stores, a 226 per cent increase compared…
Vietnam retail is on the brink of a convenience store boom as multinationals muscle up against fast-expanding local players. The increasing pace of life in urban Vietnamese cities is fuelling demand for convenience stores which, until three to four years ago,…
Retail has proved the shining segment for Vietnamese conglomerate Vingroup, with revenue jumping 363 per cent year-on-year to VND2.19 trillion (US$98.3 million) for the first quarter. Vingroup has been investing in retail properties for more than a decade,…
Zara Vietnam says it will open its first store in July, just as Euromonitor International reveals the Vietnamese branded goods market may reach $2.7 billion in value by next year. As more than more people can afford branded goods, international fashion brands…
Home-furnishing retailer Index Living Mall has announced its 2020 vision to continue its push beyond Thailand into other ASEAN countries. With franchised stores already trading in Malaysia, Thailand and Vietnam, the company believes the region’s urbanisation…
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…
Vietnam property developer Vingroup is constant to increase its retail enterprise, saying a 300-strong community of hybrid shops. The shops will take up giant footprints, initially within the firm’s fast-growing community of buying malls – cut up into 4…
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…
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,…
