New international brands and shopping centers to invade the market
MarketNew shopping malls are anticipated to enter the market, mainly on the city’s outskirt. Meanwhile, retailers and mall developers are reinventing themselves to provide a variety of entertainment and lifestyle activities.
Despite limited brand entrance, what keeps Vietnam an attractive retail market?
MarketAverage monthly rents for retail space in Saigon's central business district kept on rising in the third quarter of 2019 as Vietnam was still considered attractive to international retailers and developers, CBRE stated.
Vietnam – a land of promise for global fashion brands: Fast Retailing CEO
MarketVietnam is on track to become one of the biggest consumer markets in the world, said Japan’s richest man and CEO of Fast Retailing Tadashi Yanai.
VinCommerce aims to own 10,300 supermarkets, stores by 2025
MarketVinCommerce, the consumer retail unit of conglomerate Vingroup, has set a target of running 300 VinMart supermarkets and some 10,000 VinMart+ convenience stores in the country's 63 provinces and cities by 2025.
First UNIQLO store in Vietnam to launch on December 6 in Saigon
ProjectsUNIQLO, a Japanese casual wear retailer, on November 5 officially announced its arrival in Vietnam with the brand’s first store, UNIQLO Dong Khoi, to open in Ho Chi Minh City’s District 1 on December 6.
Retail occupancy remains ‘red hot’
MarketF&B heats up, entertainment emerges, new international brands enter, occupancy rate stays high, and domestic competition continues to grow, according to a Savills’ quarterly report.
Vietnam retail market: Change or perish
MarketIn Q3 2019, retail spaces that had focused on building brand images and adopted good leasing strategies still posted strong performance with high occupancy rate, while other malls were struggling to retain customer.
Saigon Co.op turns three Auschan supermarkets in Hanoi into Co.opmart SCA stores
MarketSaigon Co.op has opened three Co.opmart SCA supermarkets in Ha Noi, increasing the total number of stores under the Co.opmart brand to 116.
Expert highlights four major trends of Vietnam’s distribution and retail sector
MarketWith a population of nearly 100 million, the country’s final consumption expenditure has been maintaining at a high rate of over 70% annually, the local retail sector is changing quickly and following four main trends.
South Korean convenience stores to franchise and expand in Vietnam
MarketAfter the landfall of GS Retail Co., compatriot BGF Retail Co., the operator of South Korea’s major convenience store chain CU, will set foot in the Vietnamese market via a master franchise contract with a local partner.
