Vietnam news & analysis

13 April 2015
Pan Asian retailer AEON's full year 2014 results reflect a difficult trading year in the Japanese market: while operating revenue grew 10.7% to JPY 7tn, operating income declined sharply by -17.5% to JPY 141.3bn. Core domestic operations fared poorly amid challenging conditions Japan accounts for 92.2% of AEON's operating revenue, and 91.5% of its operating income. Performance highlig...
01 April 2015
The Korean retailer has announced that its first mall and hypermarket in Vietnam will open in Ho Chi Minh City by October this year. Hypermarket to focus on local products and low prices Emart’s first store will be located in a new 30,000 sq m development in Go Vap, a northern district of Ho Chi Minh City. The district is known as one of the most developed and densely populated areas in the...
27 March 2015
Vietnam’s leading grocery retailer aims for 10% sales growth in 2015, planning to extend its geographic reach and expand its multi-format store network. Store opening plans to focus on supermarkets and convenience Vietnam’s leading grocery retailer reveals its aggressive plan to open 30 convenience stores, nine supermarkets, one hypermarket and its first shopping centre in 2015. Seekin...
09 March 2015
Auchan has reported a 14.7% increase in revenue for 2014, driven by consolidation of Real hypermarkets in Poland and the full consolidation of Chinese operation Sun Art Retail Group. France: "performance lower than we expected" Group revenue fell in France (-2.2%) mainly due to price cuts, and was down -6% in Western Europe as a whole, because of difficulties in Italy. Despite mixed trends ...
17 February 2015
Casino has reported sales of €48.5bn for 2014, an increase of 4.7% on an organic basis, driven by improved same-store sales in France, sustained international expansion and good e-commerce performance. Trading profit was up 5.6%. Positive effects from price repositioning Casino's price repositioning at Leader Price and Géant is now complete and has had a positive effect on customer numbers ...
10 February 2015
Big C Vietnam has signed an agreement with Microsoft to introduce the latest cloud technology into its supermarkets. Upgrading the customer experience through digital technology Last year, Big C Vietnam launched its online platform as it entered the online shopping channel. However, the retailer is now moving one step further with the cooperation of Microsoft, to launch a new customer ser...
29 January 2015
AEON has announced strategic alliances with two major retailers Citimart and Fivimart. Partnership to cover both north and south AEON Vietnam has bought a 49% share of Citimart and a 30% share of Fivimart. Both two retailers have stores concentrated in two major regions of the country; Citimart with 28 stores in the south and Fivimart with 18 stores in the north. AEON will supply all partne...
22 January 2015
Retail sales in Asia will soar in Q1 2015, thanks to the peak season of Chinese New Year. According to major retailers in the region, this busy season usually contributes 20% - 40% to their annual revenue. Biggest promotional season of the year The event starts on the 18 February this year. However, retailers are typically preparing themes and activities to promote the season eight weeks i...
13 January 2015
An attempt by Berli Jucker to buy Metro Group's wholesale business in Vietnam last year has been aborted due to a rejection from minor shareholders. Deadlines delayed Thailand’s biggest consumer conglomerate Berli Jucker (BJC) had agreed to buy Metro cash-and-carry unit in Vietnam last August for €655m. The Thai company is trying to expand into the fast-growing consumer goods sector in Sou...
02 January 2015
South Korean conglomerate Lotte Group appoints new CEO for Lotte Mart grocery retail division, amid a number of senior management changes, The Korea Joongang Daily reports. Senior management shake-up Lotte Mart's current CEO Noh Byung-yong will now head up Lotte Corporation, the mall construction branch of the company. Challenges of the role will include tackling the safety issues which ...