Japan retailer Aeon sees Vietnam operating revenue rise 15% in fiscal year 2023
Japanese retailer Aeon earned operating revenues of JPY15,263 million ($99.3 million) in Vietnam for fiscal year 2023 ending February 2024, up 14.9% year-on-year.
Companies - Mon, May 6, 2024 | 5:08 pm
Vietnamese retail majors set for prosperous year after robust Q1
Vietnamese retail majors have reported Q1/2024 profits several times higher year-on-year or turned losses into profit after purchasing power recovered significantly during Tet (Lunar New Year) holiday, market observers say.
Companies - Thu, May 2, 2024 | 10:21 pm
FPT Retail turns profitable after four consecutive quarterly losses
FPT Digital Retail JSC, known as FPT Retail, posted VND39 billion ($1.54 million) in consolidated net profit in the first quarter of 2024, marking a return to profitability after four consecutive quarters of losses.
Companies - Sat, April 27, 2024 | 10:20 am
Japan’s Sojitz invests in Vietnam cashless payment firm Finviet
Japanese conglomerate Sojitz Corporation has invested an undisclosed amount in Finviet Technology Corporation, a software as a service (SaaS) company in Vietnam that provides cashless payment smartphone apps and an online ordering platform for small retail stores.
Companies - Sat, April 27, 2024 | 9:36 am
Vincom Retail to retain name, new shareholders to boost company growth: AGM
Vincom Retail leaders said Tuesday that the company does not intend to change its name for now and that it will benefit from the extensive operating experience of new shareholders.
Companies - Tue, April 23, 2024 | 10:40 pm
New retail player Van Thai Land to rekindle ‘old’ brand
Among several new commercial centers set to open in Ho Chi Minh City this year is District 8’s Parc Mall, marking the rekindling of an “old” brand by “new” developer Van Thai Land.
Companies - Tue, April 23, 2024 | 8:07 am
Luxury boom drives competition for prime retail space in HCMC
Demand for luxury retail in Ho Chi Minh City has seen exponential growth, driven by positive growth momentum and the rise in the city's wealthy customer base, said Savills Vietnam analysts.
Real Estate - Mon, April 22, 2024 | 5:23 pm
Vietnam a major source market for international buyers: trade ministry
Big Lots of the US, Mexico’s Coppel and Venezuela's Latiquim are among major buyers looking to set up offices, find partners or directly purchase Vietnamese products, according to Vietnam's Ministry of Industry and Trade.
Companies - Sat, April 20, 2024 | 9:17 am
FPT Retail to build 'healthcare ecosystem'
FPT Digital Retail JSC, known as FPT Retail, intends to conduct a private placement, offering no more than 10% of its Long Chau pharmacy chain shares, in a bid to build a healthcare ecosystem.
Companies - Thu, April 18, 2024 | 4:09 pm
Vietnam urban trade centers see higher occupancy, rentals with foreign brands’ entry
With the entry of foreign brands, shopping centers in Hanoi and Ho Chi Minh City witnessed a steady increase in rentals and occupancy rates in the year’s first quarter.
Real Estate - Thu, April 18, 2024 | 3:38 pm
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 - Sat, April 13, 2024 | 10:07 pm
New players intertwine at Vincom Retail
Vietnamese conglomerate Vingroup has divested a 55% stake in SDI, which indirectly holds a 41.5% stake in Vincom Retail JSC via its subsidiary Sado Trading JSC.
Companies - Mon, April 8, 2024 | 9:41 am
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 - Sat, April 6, 2024 | 11:51 am
Berjaya Vietnam CEO and his business portfolio
Nguyen Hoai Nam is not only CEO of Berjaya Vietnam, a subsidiary of Malaysian conglomerate Berjaya Corporation Berhad; he also has his own career in the import, distribution, and warranty of Jeep and Ram vehicles in Vietnam.
Companies - Thu, April 4, 2024 | 8:20 am
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