Vietnam news & analysis

14 April 2016
Groupe Casino has reported a fall of 11% in first quarter revenue, to EUR9.7bn, affected by exchange rate fluctuations in Latin American markets. Excluding the exchange rate effect, group sales were up 1.5%. Asia treated as discontinued Given that the Thai business has been divested and Vietnam is under negotiation, Casino has treated the Asia segment as a whole as discontinued. Consol...
12 April 2016
Tesco has announced a deal to sell part of its stake in South East Asian online marketplace Lazada, whilst the deal will further boost the reach of Chinese e-commerce giant Alibaba. Tesco will retain a small stake in Lazada Tesco invested in Lazada in November 2013 and held a 19.6% stake in the online marketplace. However, it has entered into an agreement to sell an 8.6% equity stake to...
04 April 2016
Saigon Union of Trading Co-operatives (Saigon Co-op), Vietnam’s largest domestic retail network, has seen its revenue reach VND 25,000bn (US$1.12bn) in 2015. Steady performance and opportunistic forecast Saigon Co-op operates multiple retail formats, including Co.opmart supermarkets, Co.opXtra hypermarkets, Co.op Food c-stores and shopping malls etc. In 2015, the group opened eight new...
29 March 2016
The pan-Asian retail group Aeon Mall plans to expands its footprint in Asia by opening new shopping malls in Indonesia and Vietnam, and evaluating potential opportunities in Laos, Myanmar and Thailand. Plans to open nine new stores by 2020 Aeon Mall opened its first store in Indonesia in 2015 and the group is planning to open five new malls in Jakarta under its 2020 strategy. It will al...
22 March 2016
The four biggest Japanese convenience store chains – 7-Eleven Japan, Lawson, FamilyMart and Aeon’s Ministop – are backed by the government and planning to either expand or start their business in Vietnam. C-stores expansion fuels Japanese exports Representatives of the four companies revealed their plans, as they accompanied Japanese Minister of Economy, Trade and Industry to Ho Chi Minh Ci...
09 March 2016
Casino has reported a 1.6% increase (at constant exchange rates) to EUR46.1bn in group consolidated net sales for 2015.  France: "marked recovery" in H2 Recovery in France in the second half, particularly from Géant Casino, Leader Price, and new concepts at Franprix and Supermarchés Casino, drove organic growth. Chief executive Jean-Charles Naouri said competitive price positioning and ...
10 February 2016
Following the impressive growth in H1, Japanese retailer Aeon has enjoyed another quarter of strong performance, with operating revenues soaring by 18.9%, to JPY6.0tn ($US51.7bn). Robust growth across the board Aeon’s operating revenue for the first nine months was at a record high, with operating income over JPY80bn, up 63.8% from the previous year. The group’s supermarket and disco...
26 January 2016
In this Asia update, we look at the latest developments in online retail across the region, including expansion plans for Amazon India and Mobile World, as well as deregulation for e-commerce in Indonesia. Amazon injects US$250m into its Indian operation Amazon will infuse INR 1,696 crore (US$250m) into its Indian operation Amazon Seller Services, making it the largest capital invest...
08 January 2016
Metro Group has sold its 19 wholesale stores in Vietnam to TCC Holding for €655m (US$711m). Deal will provide Metro with €400m cash injection Metro has been trying to exit Vietnam for some time, however in August 2014 an agreement with TCC Holding subsidiary BJC was rejected by shareholders. TCC Holding has now managed to secure the purchase via its TCC Land International unit. The sale...
04 January 2016
The Korean hypermarket operator has launched its first Vietnamese store in the Go Vap District of Ho Chi Minh City. Aiming to open 52 stores by 2020 Having been researching the market for the past four years, the retailer has finally opened its first two storey hypermarket. The store is the retailer's first to open in South East Asia, with Emart aiming to build up a stronger presence i...