Vietnam news & analysis

16 January 2020
Masan Group plans to close hundreds of loss-making VinMart and VinMart + stores after purchasing the retail chain. Decision pending review Masan Group revealed that the performance of VinMart + was significantly better in Hanoi than in other cities. A representative from Masan said the group will shut down unprofitable stores after reviewing the performance. About ten VinMart supermarkets a...
07 January 2020
Saigon Co.op has launched a new premium format targeting wealthy shoppers in Ho Chi Minh’s district 10 in December 2019. Premium range and service The 660 sq m supermarket is in the Ha Do residential area at 200 3/2 street. It sells 4,000 high quality products including fresh food, cosmetics, household utensils and garment. There is also a wide variety of organic fruit, drinks and food prod...
02 January 2020
The marketplace will be shut down on Feb. 20, 2020 and merged with SpeedL.vn, an e-commerce website owned by the same group. A shift towards new retail Lotte.vn website was launched as a marketplace at the end of October 2016, managed by a subsidiary of the group. SpeedL was launched as an online shopping app that carries products from Lotte Mart supermarket and department store in late 201...
18 December 2019
Matsumoto Kiyoshi announces its first Vietnamese store will be in March, with plans to open 10 to 15 stores in the next three to five years. Store planning to suit locals The retailer had conducted research and shopper interviews to customise its store design and features to fit locals’ shopping preferences. It will bring cosmetics, health supplements, functional foods and self-care product...
09 December 2019
AEON mall Vietnam opened its fifth shopping and entertainment complex in Hanoi’s Ha Dong district on 5 December. New experiences for shoppers The three-storey mall is 22,700 sq m with 221 retail tenants for food, fashion, household hold goods and entertainment. More than 40 new brands to the city can be found here including Koi tea, Idoome, Kipling and Typo.   High tech and environmental...
05 December 2019
Big C, operated by Berli Jucker, has set aside THB6.5bn (US$214m) to expand in Thailand and overseas. Confidence in domestic market The retailer will invest THB5.5bn (US$181.3m) in Thailand to open five to seven new Big C hypermarkets and 300 to 400 mini Big C stores in 2020. Another THB500m (US$16.5m) will be spent on IT facilities. It will also be studying the feasibility of opening “town...
04 December 2019
Vingroup, which operates VinMart supermarkets and VinMart+ convenience stores, will merge its retail and agriculture arms with Masan Consumer Holdings, a food and beverage manufacturer. Masan will operate the new company Vingroup wants to focus its resources on high-tech ventures like VinFast, which manufactures automobiles and VinSmart, which develops consumer technology. It will swap all ...
18 November 2019
A leading drugstore chain from Japan, Matsumoto Kiyoshi, has entered a partnership with Lotus Food Group to open stores in Vietnam. New stores under MatsuKiyo According to the Matsumoto Kiyoshi, a joint venture company has been set up with US$1.36m as capital. 51% will be owned by Matsumoto Kiyoshi, 48.87% by Lotus Food Group and 0.13% by Le Van May, the President and CEO of Lotus. Widen...
29 October 2019
Bach Hoa Xanh plans to boost store network by adding 1,000 new stores. Partnership with FrieslandCampina Owned by Vietnamese Mobile World, the grocery operator Bach Hoa Xanh has announced plans to increase its existing store network significantly. A recently concluded agreement with multinational dairy company FrieslandCampina further strengthens its commitment to this market. Mr. Tran K...
25 September 2019
South Korea’s BGF Retail Co., the operator of convenience store chain CU, will open its first outlet in Vietnam by June 2020. Second offshore operations after Mongolia The retailer has signed a franchise agreement with a Vietnam-based convenience store operator backed by local companies. BGF Retail will share its brand and knowledge in operations, while the Vietnamese partner will be respon...