Vietnam news & analysis

10 May 2016
Vingroup has reported that its revenues more than doubled in Q1, with those for the retail segment increasing by more than 300%. Retail posts highest growth The Vietnamese conglomerate's interests range from real estate to education. However, it is the retail segment which has posted the highest growth in Q1, with revenue up 363% year-on-year to VND2.19 trillion (around USD97m). Amb...
29 April 2016
Casino has sold Big C Vietnam to Central Group for EUR1bn. Ends longstanding presence in Asia Casino announced its desire to sell the Vietnamese operation in December 2015, ending a presence of more than 18 years in the market. It has divested the network to Thai-owned conglomerate Central Group, which also has interests in real estate, department stores, hospitality and restaurants. Cas...
26 April 2016
Casino's e-commerce business, Cnova, has reported a 6.6% fall in net sales for Q1 (at constant currency) to EUR742m. Focus is on largest markets Net sales were up 15.3% at Cdiscount France to EUR465m, but fell at Cnova Brazil to EUR274m. In March, Cnova completed the disposal of Cdiscount Vietnam to Big C Vietnam, and of Cdiscount Thailand to the Thai conglomerate TCC Group. Cnova's fo...
21 April 2016
Wholesaler Siam Makro has announced plans to open new stores in Thailand, as well as invest in overseas expansion in 2016. New stores in Thailand, Cambodia, Laos and Vietnam Siam Makro, owned by Thai conglomerate CP ALL, will invest 9 billion baht (US$258 million) in opening 20 stores in Thailand this year, as well as expanding in South East Asia. Approximately a third of the money ...
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 ...