Vietnam news & analysis

15 March 2017
Aeon, the largest retail corporation in Asia, is planning for a second Hanoi mall to open in Ha Dong district. Heavy investments in Vietnam Aeon opened two malls in Vietnam in 2014, and one each in 2015 and 2016. The retailer is now planning a fifth mall in the west of Hanoi in 2019. Ha Dong district is receiving investments in an extended ring road system, a bus rapid transport system con...
10 March 2017
France-based Auchan has announced full year results saying that consolidated revenue, excluding taxes, rose 0.7% at constant exchange rates to €52.8 bn. In organic terms, Auchan said sales rose 0.9%. The company said the results were ’solid’ and in line with expectations. During 2016 Auchan initiated its 2025 Vision as it builds its foundations for the future. Sales rose in 11 out of 14 coun...
02 March 2017
Dairy Farm, leading multi-format retailer in Asia, reports sound profit growth of 7% in 2016, despite soft consumer sentiment and intense pressure on pricing in most markets.  Sales, excluding associates and joint ventures, of US$11.2 bn, were 1% ahead of the prior year in US dollar terms and 2% ahead in constant currency terms. The retailer opened 114 net new stores during the year. Food: ...
02 March 2017
Vietnam’s largest retailer Saigon Co.Op has launched Co.Op Smile, a new convenience store format. Aggressive store expansion plans in place Co.Op Smile is a small retail store between 20sq.m. to 200sq.m. in urban and suburban residential areas. It will stock between 1,500 to 2,000 items including food, cosmetics and clothes. With 20 stores opening in its first month, the retailer plans to...
18 January 2017
Bach Hoa Xanh targets 350 stores in Vietnam Vietnam’s grocery store chain Bach Hoa Xanh (Grocery Green) has announced its expansion plan by opening 300 new stores in 2017. Rolling out mini supermarket format Bach Hoa Xanh is owned by Vietnam’s leading electronics retailer Mobile World and current has 50 stores in Ho Chi Minh City. Mobile World will invest heavily to bring the total nu...
09 January 2017
Vietnam’s largest retailer Saigon Co.op has launched a new retailer format Sense Market in HCM City, combining traditional food market with modern retailing. A new format combining modern and traditional trade The new Sense Market was developed by Saigon Co.op and Saigon Co.op Investment-Development Company and it explores a new way to approach modern retailing in a country, where the ...
04 January 2017
Japanese retailer Aeon has forayed into the ecommerce competition in Vietnam, selling imported Japanese products through its online website. First launch in Ho Chi Minh City The new website, AeonEshop.com, is designed as a business to consumer (B2C) platform, with the majority of its products imported from Japan. Aeon’s private label brand Topvalu will also be available for shoppers on the ...
29 December 2016
With our team of analysts visiting over 20 countries in 2016, we’ve identified the top stores you should visit in the year ahead to see some of the key trends shaping format development in the sector. Here’s our final instalment of a three-part series. Click to view part 1 and part 2 . China: Easy Carrefour, Gonghe, Shanghai Carrefour China introduced Easy Carrefour, a new neighbourhood...
15 December 2016
Southeast Asia’s largest ecommerce site Lazada is rolling out a series of initiatives to expand its capacity in the region, with help from online grocer RedMart that it recently acquired. Successful 12.12 sales event Lazada Group’s Online Revolution, also known as 12.12, has again proven to be the biggest online shopping event in Southeast Asia, ringing up US$40.5 million in sales. With ...
05 December 2016
Korean supermarket chain K-Market is planning to work with Vietnam’s conglomerate VinGroup to expand its network in Vietnam. 100 stores by 2020 K&K, the owner of K-Market supermarket is planning to expand in Vietnam by opening stores at VinGroup’s commercial centres. The company plans to reach 100 supermarkets by 2020, and eyes a turnover of more than US$100 million in 2017. The group ai...