Vietnam news & analysis

22 November 2017
Vietnamese ecommerce retailer Tiki.vn has raised US$44m from JD.com, making it one of the largest investments in the country's ecommerce startup. Funding helps Tiki to grow Tiki stocks more than 300,000 products in 12 categories. It was founded in 2010 and sold only books in its early years, but has now expanded to include baby products, electronic appliances, health and beauty categories a...
17 November 2017
Many of the leading South Korean retailers are turning to ASEAN countries for expansion. We review the latest developments for Korea's five leading retailers.  THAAD may have long-lasting impact on Korean businesses Relations between South Korea and China soured when a former Lotte golf course was used as the base for US THAAD missile-defence system earlier this year. As the saga unrivalled...
08 November 2017
As Auchan continues to expand its MyAuchan banner globally, this time with its first store in Vietnam, in China it plans a strong roll out for its checkout free store Auchan Minute, while in its home market it is set to open its first Auchan Bio. In each case the retailer is moving away from its large stores to increasingly target the on-the-go shopper through a range of proximity formats. Auc...
06 November 2017
As Auchan continues to roll out its multichannel, one brand strategy globally, we look at how it is expanding in Vietnam and with its MyAuchan convenience store banner. MyAuchan growing its presence After being introduced in Q4 2016, the MyAuchan banner has been expanded quickly across the retailer’s markets. In Italy the retailer has opened eight stores, of which five are Milan. Meanwhile,...
21 August 2017
Central Group will invest US$512m in Vietnam over the next five years. The company currently operates Robins department stores, Big C hypermarkets and Lanchi Mart wholesale market, totalling to 160 stores in the country. It also has 49% share of local electronics retailer Nguyen Kim. Most of the investment will be in food and electronics, with the rest of the investment in shopping malls, hotel m...
01 August 2017
GS25 has announced plans to enter the Vietnamese market in partnership with Son Kim Group in a joint venture. GS25 is one of the top two convenience store retailers in South Korea, where competition is fierce and retailers are looking outside their home country for growth. Vietnam seen as having largest potential for growth GS retail will hold a 30% stake in the joint venture. A spokesperso...
15 June 2017
The 7-Eleven store opened at 6am today in Ho Chih Minh city. Many shoppers waited eagerly outside the store before it opened, keen to see what it had to offer. Range of international brands and some special items for Vietnam The 1,800sqm store stocks about 2,000 products. There is a range of drinks, snacks, bakery, daily necessities and meals. The range of meals include Western, Vietnamese ...
05 June 2017
Seven & I Holdings, which operates the largest chain of convenience stores in Japan, will enter Vietnam with its first store in Ho Chih Minh city. Japanese business model will be applied in Vietnam The first store will be in District 1, 2, 3 or Binh Thanh in Ho Chih Minh city. These five locations have been registered under 7-Eleven. Employees from Japan will be in Vietnam to help develop r...
09 May 2017
Aeon, the largest retailing group in Japan, is expanding its presence in emerging markets. The retailer is opening small grocery stores in Vietnam and Cambodia. Both economies have been growing at about 6% in recent years. Raising brand awareness to pave way for mall development Aeon is known for developing shopping malls. It currently operates four malls in Vietnam and plans for 20 by 2020...
23 March 2017
Vietnam's largest retailer, Saigon Co.Op, reports 11% sales growth in 2016 and aims for 13% this year. Network expansion plans to retain leadership The retailer plans eight to ten Co.OpMart supermarket, one Co.OpXtra hypermarket, one Sense City mall, 65 Co.Op Food shops, and 500 Co.OpSmile convenience stores to support this growth. The co-operative will be optimising its existing operations...