Markets/Vietnam/News

Vietnam news & analysis

28 September 2023
Foodpanda, owned by Delivery Hero, is in negotiations to sell its food delivery business in selected Southeast Asia markets (including Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmart and Laos). Grab, a ride-hailing, taxi, food delivery and grocery app in Southeast Asia, is a potential buyer according to a report by a German media company. We explore three reasons why Foodpanda ...
23 May 2023
AEON will open 20 more shopping centres in Vietnam to pursue its growth in the market. Focus of expansion AEON has already invested more than US$1.18bn in Vietnam with shopping centres in Hanoi, Ho Chi Minh City and Hai Phong. The additional investment will be in 20 shopping centres with a focus on supermarket and entertainment. The group is also importing Vietnamese products into its store...
24 April 2023
Aeon grew 4.6% in its overall business with FY ending February 2023, as its operating revenue reaches JPY9,117bn (US$68bn). It saw strong growth in its international business, with double digit growth in most markets through the lifting of pandemic restrictions, providing a strong platform for future growth expansion. Domestic dominates in revenue, overseas notable in profits Aeon achieved ...
14 April 2023
7-Eleven’s parent company recorded strong growth in FY2022, buoyed by the return of footfall and travel after the pandemic, and benefiting from its Speedway acquisition in the US. Growth driven mainly by overseas operations Seven & i’s total group sales revenue grew by 25.3% to reach JPY17,842.6bn in FY2022. The large bulk of growth came from its overseas convenience store operations, which...
30 March 2023
Alibaba Group has announced its new organisational structure aimed at supporting each of the group’s business make faster business decisions and achieve independent financing through market funding, thereby unlocking greater potential for shareholders. Business will be broken into six core business groups Taobao Tmall Commerce Group will include ecommerce platforms such as marketplaces...
29 March 2023
As we launch our first report for 2023 on global responses to the cost-of-living crisis, we highlight our favourite retailer examples from Q1. Global responses to the cost-of-living crisis: Q1 2023 Our report showcases how retailers have responded to the cost-of-living crisis, focusing on six categories: Price: low and trusted prices on everyday products Promotions: promotion...
16 March 2023
Seven & i Holdings, which operates 7-Eleven, has confirmed plans to prioritise its convenience business and invest in its food ranges across its stores.   Divesting from department stores Seven & i is in the process of selling off its unprofitable Sogo & Seibu department unit. This is expected to improve the margins of its overall business in future given the diluting effect its department ...
07 March 2023
Alibaba Group reported its Q3 revenue, for the three months ending 31 December 2022, rose 2% to RMB247,756m (US$35,921m), and net income of RMB35,031m (US$5,079m), which is up 12%. Seven key segments performance highlights China commerce sales reduced 1% to RMB169,986m (US$24,646m) International commerce sales grew 18% RMB19,465m (US$2,822m) Local consumer services sales rose 6% ...
06 March 2023
Dairy Farm International (DFI) reported its 2022 group revenue declined 0.9% to US$27,597m. Its underlying profit fell to US$29m, from US$105m in 2021. The Health and Beauty segment experienced strong sales growth due to the post-COVID-19 reopening of the economy, while the food segment showed signs of sales recovery DFI’s five segments performance highlights Food segment sales fell 3....
27 February 2023
Thailand's Central Retail Group will invest US$1.45 bn in Vietnam over the next five years. The retailer operates Go hypermarkets, Tops supermarkets and various speciality stores such as Nguyen Kim electronics, LookKool gadgets, Supersports and Robins department stores. Vietnam has highest growth in SEA “Vietnam’s economy continues to grow despite uncertainties,” said Olivier Langlet, CEO...