JavaScript is off. Please enable to view full site.

Thailand’s Central Retail keen on $830mn investment in Vietnam in five years

Thailand’s Central Retail keen on $830mn investment in Vietnam in five years

Monday, July 11, 2022, 20:44 GMT+7
Thailand’s Central Retail keen on $830mn investment in Vietnam in five years
People shop at a Central Retail supermarket in Ho Chi Minh City. Photo: N. Binh / Tuoi Tre

Thai retailer Central Retail Corporation has reiterated a five-year plan to invest 30 billion baht (US$830.4 million) in expanding its business in Vietnam.

From now to 2026, Central Retail Vietnam will use the fund to develop its omnichannel platform in the food sector and build more shopping centers in Vietnam, with a target to achieve 100 billion baht ($2.77 billion) in revenue. 

With the fresh capital, revenue contribution by the omnichannel platform to the total is expected to double to 15 percent.

Olivier Langlet, CEO of Central Retail Vietnam, said that food retail has remained a key revenue generator throughout its ten years of operation in Vietnam.

Its sales have skyrocketed year after year to reach nearly 38.6 billion baht ($1.07 billion), contributing 22 percent of the total revenue. 

Currently, Central Retail holds the biggest share in Vietnam’s hypermarket segment with 62 percent. 

Besides food, the company also focus on non-food categories and shopping centers.

In 2021, Central Retail spent about 6.6 billion baht ($182.8 million) developing four new shopping centers and a GO! hypermarket in Thai Nguyen, Ba Ria - Vung Tau, Thai Binh, and Lao Cai Provinces and one GO! mini supermarket in Tay Ninh Province.

It also converted 15 Big C to eight GO! hypermarkets and seven Tops Market supermarkets, and further diversify its non-food business.

The company’s long-term plan is to expand to 55 provinces and cities nationwide, from the current 40, in five years' time.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Bao Anh - N.Binh / Tuoi Tre News


Read more




‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news