S Korean retailers double down in Vietnam
South Korean retailers are persisting with expansion efforts in the Vietnamese market even as Malaysian giant Parkson Retail Asia’s subsidiary files for voluntary bankruptcy.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Parkson Vietnam files for bankruptcy amid multi-million dollar losses
Parkson on Friday filed an application to Ho Chi Minh City authorities for voluntary bankruptcy proceedings, marking the end of the luxury department store chain's 18-year journey in Vietnam due to multi-million dollar losses.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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