Vietnam news & analysis

01 September 2015
Auchan has reported a 3.4% increase in consolidated revenue, to EUR26.9bn, for the first half of 2015 (+2.0% at constant exchange rates). The French business remains a concern however, with revenue down 2.9% in the home market.   "Difficulties in France" as large stores struggle Auchan reported a fall of 3.2% in hypermarkets' and 2.7% in supermarkets' revenues. Auchan expects the allianc...
18 August 2015
Lotte has reported an H1 revenue increase of 2.8% to KRW14.5tn (US$12.3bn) whilst operating profit decreased 28% to KRW469.4bn (US$0.4bn). South Korea: growth in convenience whilst hypermarkets struggle In Lotte's domestic market total revenue increased by 2.6% to KRW13.3tn ($US11.3m) and operating profit fell by 24% to KRW575bn (US$0.49bn), as the retailer felt the economic impact fol...
07 August 2015
Following a sustained period of store closures, South Korea’s largest discount supermarket E-mart has announced that no more stores will close in China. Eight stores will remain trading At its peak the retailer operated 27 outlets in China, but has been closing underperforming stores over the last five years in an effort to drive a more profitable operating model. The last E-mart store to c...
30 July 2015
According to IGD research, the Vietnamese retail market is set to grow by 8.4% a year until 2020, making it one of the fastest-growing markets in south-east Asia.  Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger shoppers, we take a look at five trends defining the marketplace for pan-Asian retailers right now. 1. Confident inv...
30 July 2015
AEON delivered record high results in the first quarter, following a subdued performance in full year 2014. Operating revenue rose 17.9% to JPY 2tn and operating income increased 55.4% to JPY 34.9bn. With exception of GM, revenue rose in all divisions Whilst the retailer's GM revenue results remained subdued (-2.5% year-on-year to JPY 662.8bn), all other divisions delivered a positive pe...
30 July 2015
As 7-Eleven signs an agreement to enter Vietnam, we round up the latest news from the world's leading convenience operator: expansion in the Philippines, "smart" features to store in South Korea, and innovation in North America. 7-Eleven to enter Vietnam by 2017 The retailer has signed a master franchise agreement with Seven System Vietnam Co. Ltd, a company established by IFB Holdings ...
30 July 2015
Sales for continuing business reached US$6.6bn in the first half of the year, an increase of 3%, or 7% at constant exchange rates. Underlying net profit declined 14% to US$193m. Solid sales, feeling pressure on profit Dairy Farm delivered solid sales growth in the period, reporting like-for-like growth in most of its major markets. In this period Dairy Farm also acquired a 19.99% stake...
02 July 2015
The retailer has announced plans to open its fourth mall in Binh Tan district, Ho Chi Minh City next summer, as more retailers target growth and expansion. Increasing the coverage in Ho Chi Minh suburbs Construction on the 46,000 sqm mall started in January 2015. Total investment for the project will be up to USD128m, and it is expected to open by summer 2016. Located adjacent to the cit...
16 April 2015
Ministop, the AEON-owned convenience chain, will partner with Sojitz as it seeks to open 800 stores over the next ten years. New partner will strengthen operations ahead of expansion After four years in the market, AEON's partnership between local retailer G7 and its convenience chain Ministop has yet to realise its ambitious expansion plans, currently operating a network of just 17 stor...
14 April 2015
As grocery new-comer Vingroup makes its second significant acquisition of Vinatexmart, we examine how the retailer plans to become the market’s leading retailer. Ambitious expansion to reach 100 supermarkets and 1,000 convenience stores by 2017 Vingroup entered the Vietnamese grocery market last year, through the acquisition of a 70% share in Ocean Group, a Hanoi-based grocer. This net...