Vietnam news & analysis

16 January 2014
Casino is set to launch a new ecommerce site in Vietnam and Thailand. Partnership to extend ecommerce footprint In the coming weeks pure play ecommerce sites will launch in both Vietnam and Thailand, through a partnership between Big C and Cdiscount, a leading French ecommerce player and subsidiary of Group Casino. Seizing opportunities in market with big potential The Bangkok post r...
15 January 2014
Casino has reported 2013 net sales of €48.6bn, up 15.9%, with total sales in France up 5.7% and a strong international performance, particularly in Brazil. For the fourth quarter, internationally Casino reported an "excellent performance relative to previous quarters" , and continued improvement in France. Improvements in France In France, the full consolidation of Monoprix (since 5 Apr...
13 January 2014
Metro has announced Q1 results saying a 'soft Christmas' performance had prevented stronger sales. Despite this, the retailer said that its financial year had got off to a 'solid start'.   Cash and Carry refocus with closures in Eygpt Metro Cash and Carry grew by 0.9% in like-for-like terms, with Eastern Europe and Africa/Asia performing well. However, Germany/Western Europe suffered a decline...
02 January 2014
The launch of AEON's Tan Phu shopping centre, close to Ho Chi Minh City, marks the retailer's first store opening in Vietnam. AEON invests in ASEAN-shift strategy Following the establishment of Aeon Vietnam Co., Ltd two and a half years ago, AEON opened its first shopping centre on 1st January 2014. Market entry into Vietnam is part of AEON's strategy to focus on the south east Asian m...
12 December 2013
Metro Group says its transformation is showing effect, and has reported a sales increase of 0.9% for its 2013 short financial year, running from 1 January to 30 September 2013. Faced economic challenges this year Despite continued challenging conditions internationally, EBIT before special items was up 3.1% for the short year, comparing it with the first nine months of 2012. Olaf Koch, Ch...
12 December 2013
VietNamNet Bridge reports CP All is preparing to set up 7-Eleven stores in Vietnam within the next two months. Building on convenience success in Thailand The retail arm of Thailand's CP Group, CP All, successfully operates the 7-Eleven franchise in the market. With over 7,000 stores, it is the third largest network of 7-Eleven stores, following Japan and the US. At the time of CP All...
10 December 2013
Tesco has bought a minority stake in a southeast Asian online retailer called Lazada. Service currently serving five southeast Asian markets Lazada sells non-food goods to customers in Thailand, Malaysia, Vietnam, Indonesia and the Philippines. The company was set up last year by German Internet incubator Rocket Internet GmbH and has had a number of companies across Europe invest in it to da...
11 November 2013
E-Mart has reportedly ended its partnership in Vietnam and plans first store opening in 2016. New route to entry in Vietnam In 2011 South Korean grocery retailer E-Mart set up a USD 80m joint venture with U&I Investment Corporation, a Vietnamese company, with the aim of opening grocery stores Vietnam. Initial plans indicated the first store would open in 2012, but a series of challenges h...
17 October 2013
Metro Group has announced that it has met its sales target for its short financial year, running from 1 January to 30 September 2013, with sales of €46.3bn. 'We are on the right track' says CEO Metro's sales for the short year* were slightly below the 9M 2012 level of €47.4bn, due to difficult trading conditions in Europe, the sale of Real in eastern Europe and negative currency effects. ...
14 October 2013
Casino has reported sales of €11.8bn for the third quarter of 2013, up 0.1% year-on-year, with sales in France up 8.1% and down 5.2% internationally, where they were hit by unfavourable exchange rates. Recovery at Géant in France Price cuts had a greater impact in the third quarter than in the second however sales at both Casino supermarkets and Géant "rose significantly". The full conso...