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 - 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
Aeon opens third compact store in Vietnam, plans extra two this year
Japanese retail giant Aeon opened a store in Ho Chi Minh City on Tuesday under the new retail pattern “super supermarket” (SSM), the third of its kind in Vietnam to date.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Berjaya Vietnam CEO nominated to Vincom Retail board of directors
Nguyen Hoai Nam, CEO of Berjaya Vietnam, subsidiary of Malaysian conglomerate Berjaya Corporation Berhad, has been nominated to the board of directors of Vincom Retail JSC for the 2023-2028 tenure.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam inflation down 0.23% in March as food prices ease
Vietnam's consumer price index (CPI), an indicator of inflation, fell 0.23% month-on-month in March as prices of goods, especially food items, decreased after the Tet (Lunar New Year) holiday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail grocery chain Bach Hoa Xanh’s revenue up 50% in 2 months
Bach Hoa Xanh, a retail grocery chain under Mobile World Investment Corporation, posted revenue of VND6 trillion ($242.4 million) in the first two months of 2024, a year-on-year increase of 47%, according to Mobile World.
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
Construction of $250 mln Aeon mall in Dong Nai province to start in 2025
The construction of an Aeon mall in Vietnam’s southern province of Dong Nai with an investment of VND6,112 billion ($248.3 million) is set to begin in the first quarter of 2025, the provincial Department of Planning and Investment said.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam sees February inflation up 3.98%, retail sales up 8.5% on Tet season
Vietnam's consumer price index (CPI), an indicator of inflation, increased 3.98% year-on-year in February, while retail and services revenues rose 8.5%, the General Statistics Office (GSO) reported.
Economy - 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
Hanoi property market 2023 overview and 2024 forecasts: Cushman & Wakefield
Cushman & Wakefield analysts give an insight into real estate segments in Hanoi in 2023 and prospects for 2024.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rise of emerging middle class catches interest of foreign firms looking for profits in Vietnam: HSBC
The proliferation of an emerging middle class has not gone unnoticed by international firms that look to capitalize on the rising demand for spending by Vietnamese households and a strong pickup in Japan’s FDI in retail and financial services is a notable example, write HSBC analysts in their "Vietnam at a glance: Consumer pulse check" report.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail major Mobile World targets 14-fold profit growth in 2024
Vietnam’s Mobile World Investment Corporation has targeted a 5% year-on-year increase in revenue to VND125 trillion ($5.13 billion) and a 14-fold rise in net proft to VND2.4 trillion ($98.48 million) this year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction of $250 mln Bac Giang province Aeon Mall to begin in June
Vietnam’s northern province of Bac Giang is preparing for the construction of a $250-million Aeon Mall, scheduled to start in June, said Bac Giang Vice Chairman Le O Pich.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam realty developer TTC Land to build Aeon Mall complex in Danang
Vietnamese real estate developer TTC Land will build an Aeon Mall shopping center-apartment complex in the central coastal city of Danang.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam sees Jan inflation rise 0.31%, retail sales up 1.6%
Vietnam's consumer price index, an indicator of inflation, increased 0.31% in January from December 2023, while the country's retail and service sector revenues rose 1.6%.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan retailer Aeon posts Vietnam operating revenue of $74 mln from Mar-Nov 2023
Japanese retailer Aeon earned an operating revenue of JPY10,958 million ($73.9 million) in Vietnam from March-November 2023, up 16.6% year-on-year, according to the firm’s report for the first three quarters of fiscal year ending February 2024.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand-invested MM Mega Market to pour $20 mln into Danang city
MM Mega Market Vietnam, under Thai conglomerates Berli Jucker (BJC) and Thai Charoen Corporation (TCC), has received an investment certificate to invest $20 million in Vietnam’s central city of Danang.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea’s Lotte earns $75 mln in 4 months from Hanoi mega mall
South Korean conglomerate Lotte has earned revenues of KRW100 million ($74.8 million) from the Lotte Mall West Lake complex in Hanoi that opened in September last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
$50 mln Aeon Mall project okayed in Hai Duong province
Vietnam's northern province of Hai Duong has given in-principle approval for local firm Tuan Kiet HD, a partner of Japanese retailer Aeon, to build a 3.6 hectare Aeon mall with an investment of VND1,220 billion ($50 million).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan retailer Aeon begins building $214 mln mall in Vietnam’s Quang Ninh province
Aeon Vietnam Company Limited, under Japanese retailer Aeon, and local business Viet Phat Group JSC kicked off the construction of a 13-hectare mall, with an investment of VND5,200 billion ($214 million) on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese retail major Aeon to invest $500 mln in 2 Vietnam malls
Japanese retailer Aeon will invest $500 million in building two $250 million malls, one in the northern province of Bac Giang and another in the Mekong Delta city of Can Tho.
Industries - 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
Vietnam Jan-Nov retail sales up 9.6% despite inflation increase
Retail and service sector revenues increased 9.6% year-on-year to VND5,667 trillion ($233.72 billion) in January-November, despite the country’s consumer price index (CPI) going up 3.22%.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Disbursed Jan-Nov FDI in Vietnam hit $20.25 bln, a record high in 5 years
Registered foreign direct investment in Vietnam reached $28.85 billion in the year through November 20, up 14.8% year-on-year, while disbursed capital hit $20.25 billion, up 2.9% and a record high in five years.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail major Mobile World continues store closing spree
Retail major Mobile World has placed at least four of its chain store brands on its restructuring chopping block, with fourth quarter closures possibly reaching 200 outlets.
Companies - 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
Vietnam raises electricity retail prices 4.5% from Nov 9
Electricity retail prices in Vietnam went up 4.5%, starting Thursday, state utility Vietnam Electricity (EVN) announced on the same day.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail major Mobile World sees 96% plunge in Q3 profit
Vietnam’s Mobile World Investment Corporation (MWG) has posted after-tax profits of VND38.7 billion ($1.57 million) in the third quarter of 2023, down 96% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Jan-Oct retail sales up 9.4%, CPI up 3.2%
Total retail and service sector revenues in Vietnam increased 9.4% year-on-year to VND5,105 trillion ($207.86 billion) in January-October, while its consumer price index (CPI) went up 3.2%.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Registered Jan-Oct FDI in Vietnam rises 14.7% to $25.8 bln
Registered foreign direct investment in Vietnam hit $25.76 billion in the year to October 20, up 14.7% year-on-year, according to the Ministry of Planning and Investment.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese retailer Aeon to build mall in Vietnam’s Nam Dinh province
An Aeon mall will be built in the northern province of Nam Dinh per a memorandum of understanding signed Wednesday by the Japanese retail giant and provincial authorities.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai conglomerate denies negotiations, purchase of Vietnam retail stores
Thai conglomerate Charoen Pokphand (CP) Group has denied any involvement in acquiring retail stores in Vietnam, rejecting recent news reports to this effect.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam SeABank to sell 100% stake of finance unit to Japan's Aeon arm
Private lender SeABank has signed an agreement to transfer its entire stake at Post and Telecommunication Finance Company Limited (PTF) to AEON Financial Service Co., Ltd., the financial arm of Japanese retailer Aeon Group.
Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retailer Aeon Vietnam posts H1 operating revenues of $48 mln
Japanese retailer Aeon earned operating revenues of JPY7,155 million ($48.3 million) in Vietnam in the first half of fiscal year 2023 (March-August 2023), up 20.7% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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