The move is part of Hanoi-based Vingroup's expansion plan in the retail sector where it aims to open 100 supermarkets and 1,000 convenience stores over a three-year period starting 2014, the company said in a news release
Leading Vietnamese property firm Vingroup will enter the consumer electronics retailing sector later this month with the introduction of the brand VinPro
Central recently completed the purchase of a 49 percent stake in Vietnam electrical appliance chain Nguyen Kim, having opened its first department store, Grand IndonesiaMall, in Jakarta, last year.
Key emerging markets in Southeast Asia, such as Hanoi and Ho Chi Minh City in Vietnam, will be a strong area of focus due to the growing appetite for consumer goods and the relaxation of foreign investment regulations next year, according to a recent CBRE report
With around two million Vietnamese people joining the country’s middle-class every year, Vietnam is witnessing the fastest growth rate of the middle class in the Asia-Pacific region
Hanoi is now just as attractive for retail expansion as Beijing, Shanghai and Singapore, which was dubbed the shopping paradise of Asia
Five retailers operating in Vietnam have been included in the list of 500 best-performing retailers in Asia Pacific in 2014
French Auchan, one of the world's largest hypermarket chains, is considering channeling $500 million into Vietnam in the next 10 years for its own retailing network