Vietnam news & analysis

29 June 2020
Alibaba Group has named Chun Li as Group Chief Executive Officer of Lazada, effective from 1 st July 2020. An experienced leader Li joined Alibaba as chief technology officer for the company’s B2B division in 2014 and moved to Lazada in 2017. He has since served as both group president and CEO of Lazada Indonesia. Li held leadership positions at Paypal and eBay prior to joining Alibaba. “...
23 June 2020
Grab Holdings, a Singapore-based ride-hailing company, is expanding its delivery services from convenience stores and supermarkets across 50 cities in the region. Expansion accelerated in the pandemic The company has teamed up with 3,000 stores as it accelerates delivery of groceries, toilet paper, packaged snacks and beverages to the community during the COVID-19 pandemic. Grab provided th...
23 June 2020
Saigon Co.op, operator of a leading supermarket chain in Vietnam, launched a sustainable consumption campaign from 6th to 30th June. This event is held in partnership with SaiGonGiaiphong (Liberated Saigon) newspaper. Promotion of green initiatives More than 500,000 participants have shared the program on social networks to spread the word to shoppers. For the “Green Challenge” project, eac...
29 April 2020
The coronavirus outbreak has changed Asian consumers’ habits, especially in Hong Kong and China. A trend that can be seen across markets Survey research shows a high share of consumers claimed they prefer to eat at home more often now than they did in the pre-COVID period. The trend can be seen in several Asian markets, but is much more pronounced in China and Hong Kong: China : 86% ...
06 March 2020
AEON will continue to expand across Vietnam with the goal of building 20 more shopping centres. Commitment to the market AEON launched its first mall, Celadon City, in 2013 in a suburb of Ho Chi Minh City. In a visit last August, chairman of AEON Japan, Hiroshi Yokoo, named Vietnam as “the most significant market of the company in Southeast Asia”. Its board members also toured the Celadon C...
05 March 2020
Dairy Farm has reported a mixed set of results for the fiscal year ended 31 st December 2019. Performance of its Southeast Asia Grocery Retail and Health and Beauty businesses improved, but underlying profit for the Group was impacted by social unrest in Hong Kong. Sales growth from 4 out of 5 divisions, but 2019 sales down 4.7% Dairy Farm’s sales in 2019 fell 4.7% to US$11.1bn year-on-yea...
07 February 2020
Dairy Farm will have separate leaders for food and health & beauty division in Southeast Asia. Separate pillars for food and health & beauty Sam Kim joined Dairy Farm as Chief Executive Officer for Southeast Asia in April 2018. He had been appointed Chief Executive Officer for Health & Beauty and Chief Marketing & Business Development Officer in September 2019. Chris Bush had been appointed...
04 February 2020
Pharmacity, Vietnam’s largest pharmacy retailer, is carrying out its ambitious expansion plan . Opening 1,000 stores by end of 2021 Pharmacity has raised US$31.8mn in a fresh funding round as it ramps up its expansion plans. According to the retailer, the new funding will be used for its further store network expansion. It aims to open 350 new stores this year and reach 1,000 stor...
16 January 2020
Masan Group plans to close hundreds of loss-making VinMart and VinMart + stores after purchasing the retail chain. Decision pending review Masan Group revealed that the performance of VinMart + was significantly better in Hanoi than in other cities. A representative from Masan said the group will shut down unprofitable stores after reviewing the performance. About ten VinMart supermarkets a...
07 January 2020
Saigon Co.op has launched a new premium format targeting wealthy shoppers in Ho Chi Minh’s district 10 in December 2019. Premium range and service The 660 sq m supermarket is in the Ha Do residential area at 200 3/2 street. It sells 4,000 high quality products including fresh food, cosmetics, household utensils and garment. There is also a wide variety of organic fruit, drinks and food prod...