Vietnam news & analysis

01 December 2016
Berli Junker (BJC) has announced that it would invest THB10bn (US$280m), 80% of which would be allocated to the expansion of its Big C business. Expansion across different formats for Big C Berli Junker, the retail flagship of Thai tycoon Charoen Sirivadhanabhakdi's TCC Group, plans to open nine new Big C Hypermarkets, four Big C Market stores, and about 200 Mini Big C outlets in Thailand. ...
18 November 2016
Central Group has revealed its expansion strategy to invest about US$30m in Vietnam over the next five years, doubling its network to around 70 by 2021. An investment spree Central has been on an acquisition spree to gain a strong foothold in Vietnam since 2013. Last year, Central Group acquired a 49 percent stake in major Vietnamese electronics retailer Nguyen Kim, which has a network of 2...
10 November 2016
Lotte Shopping has reported a 2% increase in revenue to KRW7.9tn (US$6.9bn), while its operating profit has dropped to KRW175.56 billion won (US$153.3 m), down 10.1% from a year ago, in the three months ended September. C-stores thrive but hypermarkets suffer By business, Lotte’s hypermarkets operation has registered the biggest loss, with sales dropping 3%. it has reversed to a deficit of ...
01 November 2016
Japanese leading retailer Aeon has seen its revenue edge up 0.9% to JPY 4,112bn (US$39.2bn), for the six months ended 31 August, while its operating profit improves slightly by 0.1% to JPY72.4bn(US$0.69bn). Performances vary by format Aeon’s convenience store business records that its operating income has increased by 6.1% on operating revenues of JPY190.6bn (US$1.8bn), up 7% year on year f...
27 October 2016
The new owners of Big C Vietnam, Central Group and its local partner Nguyen Kim Trading Joint Stock Co., have taken over Zalora’s operations in Vietnam and is going to close Big C Vietnam’s ecommerce site Cdiscount by the end of the year. Post-acquisition of Big C Vietnam After the US$1.1 bn acquisition in April, Central group announced the plan to change the chain’s name and replace the e...
14 September 2016
Emart, South Korea's largest discount chain, has announced that it plans to tap into the Vietnamese market by investing US$200m in the country by 2020. Agreement signed with Ho Chi Minh city  The company will sign a memorandum of understanding (MOU) with the city of Ho Chi Minh for the investment expansion. The signing ceremony will be attended by the two parties’ key officials including Em...
23 August 2016
South Africa-based Shoprite said that turnover rose 14.4% in its full year, reaching ZAR130.0 bn (US$9.6 bn), boosted by an additional week and the performance of its operations outside its home market. Operations outside South Africa deliver ‘ best performance ever ’ The company said that its operations outside its home market performed particularly strongly, with sales up by 32.6%, which ...
22 August 2016
Chairman of TCC Thailand, Charoen Sirivadhanabhakdi has reportedly revealed a plan to merge Metro Vietnam to Big C Thailand. Maga Market to expand in Thailand Mega Market Vietnam (new name of Metro Vietnam as from July 2016) is planning to invest in Thailand to expand its wholesale network. Mega Market Vietnam has 19 wholesale centres throughout the country as well as two depots for fresh v...
04 August 2016
Vietnamese leading retailer VinMart, part of the conglomerate Vingroup, reports its revenue has grown 226% in the second quarter of this year. Growth driven by store expansion Vingroup reports in the Q2 consolidated financial statements that the sales of its retail arm VinMart has reached VND 2,465 billion (US$110.6 million), registering a 226% increase from the same period last year. Si...
12 July 2016
FamilyMart, one of Japan’s leading convenience store operators, has posted a 3.1% increase in operating revenues to JPY102bn (US$986m) in Q1 2016, whilst its operating income has declined 5.9%, to JPY10bn (US$100m). Sales growth driven by new stores While FamilyMart has seen a 1% uplift in LFL store sales, the aggressive store expansion in Q1 is also a key driver of the company’s solid ...