International retail giants intensify focus on Vietnamese products
Multinational retail giants Walmart, Central Retail, Aeon and Lulu, operators of mega grocery networks and outlets, are prioritizing Vietnamese items as they expand their supply chain.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai retail giant Central Retail posts 2023 revenue of $1.35 bln in Vietnam
Thai retailer Central Retail recorded revenue of THB49,330 million ($1.35 billion) from its Vietnam business in 2023, down 7.6% year-on-year, according to the firm’s consolidated financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
US retailer Big Lots opens buying office in Vietnam
U.S. discount retailer Big Lots, Inc. has announced the opening of international buying offices in Ho Chi Minh City and Shanghai in a move to strengthen its global product sourcing model.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai retail giant to build shopping mall in Hung Yen province
Leading Thai retailer Central Retail will build a 15,847 square meter mall, GO! Hung Yen, in Vietnam's eponymous northern province that neighbors Hanoi.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s Central Retail sister firm opens shop in Vietnam
Central Pattana, Thailand’s largest developer of retail property with a focus on premium shopping services, has established a wholly-owned subsidiary in Vietnam named CPN Global Vietnam Company Limited.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail plans further expansion in Vietnam
Central Retail Corporation (CRC), a major player in Thailand's retail sector and subsidiary of Central Group, has plans to expand its operations in key markets like Thailand, Vietnam and Italy.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Thailand to upgrade partnership to comprehensive strategic level
Thailand has agreed to upgrade its partnership with Vietnam to a comprehensive strategic level, Thai Prime Minister Srettha Thavisin said, while affirming he would visit Vietnam in 2024.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand’s Central Retail begins building $18 mln Mekong Delta supermarket
Thailand’s leading retailer Central Retail began constructing a VND432 billion ($17.8 million) GO! mall in the Mekong Delta province of Bac Lieu on Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's Central Retail posts Jan-Sep revenue of $1.07 bln in Vietnam
Thailand’s leading retailer Central Retail reported a revenue of THB37,505 million ($1.07 billion) in Vietnam in the first nine months of this year, according to the firm’s third quarter report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Norway’s Norsk Solar signs term sheet for stake in Vietnamese firm
Norsk Solar, a Norwegian independent power producer (IPP) in renewable energy, has signed a term sheet for potential purchase of a minority shareholding in “an established and growing Vietnamese IPP.”
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's Central Retail posts H1 revenue fall of 3.8% in Vietnam
Thailand’s leading retailer Central Retail reported a revenue of THB25,879 million ($727.8 million) from its operations in Vietnam in the first half of this year, down 3.8% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai retail giant to build Go! mall in Soc Trang province
Thailand’s Central Retail plans several investments in the Mekong Delta province of Soc Trang, including a Go! mall in Soc Trang town and mini go! supermarkets in a few districts.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai Central Retail reaps $417 mln Q1 revenue in Vietnam
Thailand’s Central Retail reported a revenue of THB14.12 billion ($416.95 million) from its Vietnam operation in the first quarter of 2023, a 0.7% increase year-on-year, according to the retailer.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail to further invest in central Vietnam
Thailand’s largest retailer, Central Retail, eyes to invest in a Mini GO! supermarket chain in Thua Thien-Hue province, according to Central Retail Vietnam CEO Olivier Langlet.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam market accounts for 24% of Thai retail giant’s revenue
Thailand’s Central Retail posted a revenue of THB236.245 billion ($6.79 billion) in 2022, up 21% year-on-year, of which the Vietnamese market accounted for 24%, according to the retail giant’s latest report.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Largest Thai retailer bullish on Vietnam, to invest additional $1.4 bln
Thailand’s largest retailer, Central Retail, has disclosed its biggest investment in Vietnam at 50 billion baht, or around $1.45 billion, in the 2023-2027 period to expand its market presence in the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central Retail plans Thailand, Vietnam expansion with $833 mln investment
Thailand’s Central Retail is investing THB28 billion ($833 million) at home and in Vietnam, with the expectation to raise its total revenue by 15% year-on-year to THB270 billion ($8.06 billion) in 2023, the firm announced Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Saigon Co.op remains biggest retailer in Vietnam: executive
Saigon Co.op, a state-run cooperative, posted a revenue of VND30,888 billion ($1.32 billion) in 2022, up 0.7% year-on-year, CEO Nguyen Anh Duc reported to HCMC Chairman Phan Van Mai on Monday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam retail sees 2022 a thriving year
Both domestic and foreign retailers speeded up their business during 2022 with post-pandemic plans to further tap the country’s growing middle class, creating a booming year for the industry.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant retailer opens supermarkets in Can Tho, Hai Phong
Thailand’s Central Retail opened one Tops Market supermarket in Can Tho city on Thursday, the first of its kind in Vietnam's Mekong Delta, and another in the northern city of Hai Phong one day before.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai retailer to build $17 mln commercial center in Mekong Delta province
Thailand’s Central Retail plans to build a VND432 billion ($17.42 million) commercial center in the Mekong Delta province of Bac Lieu.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail plans supermarket chain in Quang Binh
Thailand's Central Retail plans to invest VND300-400 billion ($12-16 million) to build a mall and VND40-50 billion each on a chain of stores across the central province of Quang Binh.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail plans $25 mln investment in central province
Thailand's Central Retail plans to spend $25 million on building a commercial center and a chain of stores across the central province of Nghe An.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Omnichannel to thrive in Vietnam retail sector: Deloitte
Most urban Vietnamese consumers are already used to omnichannel purchasing, making this modern retailing method a clearer trend in the country, according to Deloitte Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail eyes mall investment in Binh Thuan
Thailand's Central Retail is seeking opportunities to build malls and supermarkets in Binh Thuan province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail plans mall in Dong Thap
Thailand's Central Retail plans to build a mall in Dong Thap, an agriculture hub in the Mekong Delta, its CEO Olivier Langlet said at a meeting with provincial leaders on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong pledges support for Aeon expansion
Hai Phong authorities will assist Japanese retail empire Aeon in building its second mall in the northern port city, a senior Party official said Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail plans $828 mln investments in Vietnam
Thailand’s Central Retail plans to pump 30 billion baht ($828 million) into Vietnam from now until 2026 to expand its presence in the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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