Vietnam news

11 July 2019
Central Group Vietnam, the operator of Big C supermarket, had suspended the procurement of garment from suppliers in Vietnam. Internal review for quality Central Group Vietnam sent a notice to suppliers about their decision to hold off buying of domestic apparel until further notice. This changed shortly after the Vietnam Textile and Apparel Association stepped in and helped resolve the con...
08 July 2019
Lazada, the leading ecommerce platform in Southeast Asia, will launch a 24-hour Mid-Year Festival on July 12 across all its six markets. One-day sale designed to bring new tagline to life The sale is themed “Millions of deals your heart desires” in line with its refreshed brand idea “Go where your heart beats”. The new shopping event creates more fun for shoppers and encourages them to purs...
04 July 2019
Alibaba has announced that James Dong will take over from Max Zhang to be the new CEO of Lazada Vietnam. Enabling greater cross-country collaborations. Dong will retain the position of CEO of Lazada Thailand, allowowing him to enable greater cross-country developments. Dong adds, “Vietnam continues to present a huge opportunity for Lazada. I am confident that we will win in the market by e...
28 June 2019
Saigon Co.op buys out Auchan’s business in Vietnam. Vietnam’s leading domestic retailer takes over It was earlier reported that French retailer Auchan will withdraw from Vietnam . In a joint statement released today, it was announced that Saigon Co.op will take over operations in the country. Existing members of Auchan’s shopper loyalty programme will be automatically transferre...
25 June 2019
Aeon has confirmed an investment of US$280m for its third mall in South Hanoi which will open by the end of next year More malls planned in Vietnam The retailer plans to have 20 malls in Vietnam by 2025. It already has four malls trading in Ho Chi Minh city, Hanoi and Binh Duong. Three more are under construction in Hanoi and the northern city of Hai Phong. Strategic partnership with V...
27 May 2019
VinMart, a leading retailer in Vietnam, has placed large posters displaying images of over 100 daily essential products on shelves to look like a supermarket in 20 locations. Shoppers can buy these products by scanning QR codes on their mobile phone and pay with the VinID app. Expanding to more locations These virtual stores are placed in dormitories, office buildings, schools and bus stops...
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...