Tag Archives: Vietnam

PRA heads to Vietnam for retail study mission

The PRA has recently concluded its week-long Retail Study Mission last November 6-10 in Hanoi, Vietnam, to learn best practices and explore new markets for expansion in Vietnam. The Philippine delegation was welcomed by the Association of Vietnam Retailers. Participants visited some of the retail stores in Hanoi including Aeon Mall Long Bien, Vietnamese Appliance brand—Kangaroo, Vietshoes-Phong Chau Group, and Big C Thang ...

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Sunnies Studios plans expansion into Vietnam

(Source: Inside Retail Asia | September 14, 2018) Filipino eyewear brand Sunnies Studios has announced plans to expand into Vietnam. The fashionable brand, specialising in affordable frames for women, has enjoyed a successful run in the Philippines with more than 40 branches. The Vietnam store, expected to open before the end of the year, will be its first international outlet. ...

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Mumuso Vietnam accused of misleading customers

(Source: Inside Retail Asia | May 14, 2018) Fashion and lifestyle goods retailer Mumuso Vietnam has been accused of selling Chinese goods as Korean products. The allegation surfaced on South Korean SBS News, which reported that the Shanghai-based company has been duping customers into thinking it is a South Korean store chain selling South Korean goods. The news channel also said ...

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Hanoi retail development spreading beyond CBD, says CBRE

(Source: Inside Retail Asia | March 29, 2018) Hanoi’s retail supply is growing outside the CBD area, reports real-estate company CBRE. With a total of 157,000sqm of retail coming from eight projects under development in fast-growing residential areas with good connecting infrastructure, CBRE says the suburban growth is expected to be attractive to both retailers and consumers. Malls inside residential ...

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Central Group pegs $6 billion for expansion

(Source: Inside Retail Asia | March 6, 2018) Thailand’s Central Group plans to invest more than THB200 billion (US$6.3 billion) over the next five years on expanding its retail and hotel properties in Thailand and abroad. It is especially targeting Vietnam, where it expects its retail business to grow by four times over the period. The group aims for total ...

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Vietnam’s economic growth to accelerate in 2018

(Source: Retail in Asia | December 28, 2017) Vietnam’s economic growth next year will reach as high as 6.7% in 2018, better than in 2017, the prime minister predicted in October 2017. The Asian Development Bank forecasts 6.5%, but higher than 2017 and stronger than developing Asia overall. Even the more cautious World Bank estimates more growth next year than ...

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Amazon Group has two-step strategy for Vietnam

(Source: Inside Retail Asia | December 18, 2017) Online retail giant Amazon Group has its eye on Vietnam for its next expansion in Southeast Asia. Meeting with the Vietnam e-Commerce Association (VECOM) last week, the group revealed a two-step strategy for Vietnam. As well as exporting goods to Vietnam, it also wants to help Vietnamese small and medium enterprises sell ...

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Vietnam Facebook retailers chased for tax

(Source: Inside retail Asia/Vietnam Briefing |June 22, 2017) Government officials in Ho Chi Minh City have sent tax demands to 13,500 Vietnam Facebook retailers, urging online businesses to declare earnings and submit their taxes. Under Vietnam’s law, online retailers earning more than VND 100 million (US$4400) a year are required to declare taxes. Taxes are required to be submitted to ...

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Vietnam franchise market holds great potential for F&B

(Source: Inside Retail Asia | 2 May 2017) Five successful international F&B franchises have outlined why they see Vietnam as the next major potential market to seek partners and franchisees. Senior executives from Little Caesars, Presotea, Element Fresh, The Boiling Crab, and Grimaldi’s participated in a franchise discovery day in Hanoi last week, organized by Ho Chi Minh City-headquartered, regional ...

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Vietnam convenience store growth to lead Asia

(Source: Inside Retail Asia | 28 March 2017) Vietnam will be the fastest-growing convenience market in Asia by 2021, predicts international grocery research organization IGD. According to the researcher, Asia’s grocery market will be the largest in the world with predicted 6.3 percent of compound annual growth rate, up to US$4.8 trillion by 2021. Of that, the convenience store sector ...

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