Vietnam news & analysis

08 May 2014
Casino Group has announced a project to create an ecommerce platform combining its Cdiscount businesses in France, Colombia and Asia, and Nova Pontocom in Brazil. Creating major ecommerce pure player Casino said the transaction would create a global ecommerce operator with total business volumes of $4.1bn in 2013. It is under consideration by the parties involved and will be submitted for app...
14 April 2014
Casino has reported group sales up 6.6% for the first quarter of 2014, with an increase of 8.3% in France. Internationally, organic growth was up 11%, driven by an increase of 13.3% in Brazil. France: Ecommerce growth reflects investment made Group consolidated net sales for the first quarter were €11.3bn, below the first quarter of 2013 due to the impact of a foreign-exchange effect, mainl...
01 April 2014
FamilyMart MD Massaki Kosaka announces 1,500 new store openings in Japan and 1,000 overseas, the Bangkok Post reports. Pan-Asian expansion plans in 2014 The Japanese retailer has allocated more than JPY 90bn (USD 870m) to fund new store openings and store improvements in the year ahead. Key markets will include Thailand, with plans for 300 new stores, China, with plans for 200-300 new sto...
26 March 2014
Pan-Asian retailer AEON expects subsidiaries in Cambodia, Vietnam, Myanmar and Laos to double profit contribution in a medium term time frame, the Bangkok Post reports. New market entries bearing fruit AEON's Thai business forecasts the profit contribution of its subsidiaries in four of Asia's most promising emerging markets to double from its current 5% to 10% as early as 2017, local...
17 March 2014
Japanese retailer AEON unveils a three year pan-Asian expansion plan set to cost around USD 3.8bn. Heavy investment in China and Malaysia Outlining its three year business plan to 2017, AEON reaffirmed its plans to accelerate expansion outside its domestic market. The investment planned for China is nearly double the amount over the previous three year period, The Wall Street Journal ...
07 March 2014
The pan-Asian retailer reports sales and underlying profit growth of 8% in 2013, and investment is underway to secure growth for the future. Headline figures Sales including 100% of associates and joint ventures rose 8% to USD12.4bn Positive like-for-like sales across most major businesses Underlying profit grew 8% to USD480m However, if the the write-off of prior years' Mala...
18 February 2014
Casino has reported group sales up 15.9% and an 18% increase in trading profit for 2013. In France, sales were up 5.7% and Casino said it had an "excellent performance internationally." Recovery of activity in France In the crucial home market, Casino reported improvements at both Géant hypermarkets and Casino supermarkets. E-commerce continued to grow, with Cdiscount reporting total ...
07 February 2014
The retail division of South Korean Lotte Group reports full year results and receives approval for listing in Singapore. One billion dollar deal Lotte Shopping has received approval to list on the Singapore Exchange, a move which would support further expansion in Asia and raise brand awareness. Anticipated to raise as much as USD1bn, this would be the largest overseas listing from a K...
07 February 2014
Thailand's Central Group expands its footprint in Vietnam, the latest retailer to seize the opportunities in the Vietnamese market. First overseas Robinson department store for Central Retail Whilst Central Retail already has a retail presence in Vietnam, this is the first Robinson department store to open overseas, which will operate under the banner Robins. Located in Hanoi's Royal City ...
16 January 2014
Vietnamese retailer Saigon Co.op is set to launch its first shopping mall. A new channel of investment The mall will cover an area of 22,000 square metres, and represents an investment of over VND 200bn, the Viet Nam News reports. Called Sense City, it will be located in the city of Can Tho. The mall is due to open before the end of January. Two further shopping malls are under constru...