Vietnam news

16 May 2019
After four years in Vietnam, Auchan has decided to sell all its stores due to challenging conditions. Review of loss-making operations Auchan has 18 stores generating a revenue of US$50.4m in Vietnam. The exit from Vietnam is part of Auchan’s Renaissance action plan to put greater focus on generating profits. The retailer has also signed an agreement to sell most of its estates in Italy to...
09 May 2019
Vietnam's largest drugstore chain Pharmacity receives funding from Mekong Capital. Aggressive expansion plans Estabilshed in 2011, Pharmacity has rapidly grown its network to 186 stores in Vietnam and aims to have 1,000 stores within the next two years. “ Our partnership with Mekong Capital will empower us to continue improving healthcare for the Vietnamese people and help accelerate our gr...
03 April 2019
Vingroup has acquired all 87 Shop & Go chain of convenience stores for just US$1. There are 70 stores in Ho Chi Minh City and 17 in Hanoi. Shop & Go withdraws due to competition Shop & Go opened its first store in 2006 and became one of the first operators of modern convenience stores in Vietnam. A representative for the retail chain said, “we have invested a great deal in the Shop & Go sys...
02 April 2019
Saigon Co.op, the leading grocery retailer in Vietnam, targets to grow its stores from 650 to 1,000 by year end. Growth across all formats Diep Dung, the group's chairman, said there will be new openings for Co.op Mart supermarket, Co.op Xtra hypermarket, Co.op food stores, Co.op Smiles and Cheers convenience stores. It will also launch a new format targeting wealthy shoppers which includes...
21 March 2019
Saigon Co.op, a leading retailer in Vietnam, is developing a shopping centre and more supermarkets in Can Tho. Biggest mall in Mekong District Can Tho is one of the five largest cities in Vietnam, with a population of 1.4 million people. The new shopping centre will be built in Cai Rang district, with a total floor area of about 40,000 sq m. Similar to SC VivoCity in district 7 in Ho Chi Mi...
11 March 2019
Lazada, the leading ecommerce platform in Southeast Asia, owned by Alibaba Group, plans to expand its cross-border trade for international brands. Global Collection 2.0 One of the key initiatives announced was a revamped “Global Collection”, which is a dedicated channel to showcase  Lazada’s cross-border merchants from around the world. The platform aims to help the brands grow their busine...
04 March 2019
VinMart, a leading retailer in Vietnam, is testing “Scan & Go” feature with a mobile application in 13 stores. Integration with VinID Shoppers need to download the VinID app and be a member to use the new feature. Once the “Scan & Go” feature is selected, shoppers can scan the barcode in the store and see the product information and prices in their electronic cart. Payment can be made upon ...
01 March 2019
Mobile World, operator of Bach Hoa Xanh chain of neighbourhood convenience stores, is boosting its investment in its grocery subsidiary. Fuel for high potential growth Mobile World Investment is injecting another VND1tn (US$43m) to develop Bach Hoa Xanh, bringing its total investment to VND3tn (US$129m) in the last couple of years. The company reported that Bach Hoa Xanh contributes only 4%...
22 January 2019
Vietnamese merchants to get on board Amazon’s Global Selling network. Access to ecommerce base Merchants in Vietnam will be able to sell to wholesale buyers in US, Japan and Europe. This is Amazon’s first ecommerce operation in the country. Amazon has a partnership with VECOM, Vietnam E-commerce Association, which brings together a consortium of local online sellers. Increasing reach for...
11 January 2019
Health and beauty retailer, A.S. Watson, will open its first store in Vietnam on 17 January 2019. Store to be opened in Ho Chi Minh The store will be located in Bitexco Financial Tower in District 1, Ho Chi Minh City. It is the tallest building in the city. The area is well visited by tourists due to its magnificent views on the Sky Deck. It is also known for its luxurious offices. More ...