Markets/Vietnam/News

Vietnam news & analysis

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...
08 November 2022
Emart has opened its second hypermarket in Vietnam, seven years after its first store in 2015. A turning point Emart Vietnam was acquired by Thiso International Commerce and Services Corporation (Thiso) last year after the South Korean chain had challenges with its expansion ambitions in Vietnam.  Speaking at the Customer Conference with more than 500 suppliers and partners of Emart Vietna...
14 October 2022
Aeon plans to accelerate the opening of malls and supermarkets in Vietnam. Building central kitchens in its malls Aeon plans to build central kitchens that can prepare fresh bread and ready-made dishes in its malls. These will then by delivered to its smaller supermarkets. Aeon Mall in Ha Dong, Hanoi is one of the malls that has a central kitchen. It ships 60 different kinds of bread and...
16 September 2022
Vietnamese retailer Masan has launched WINLife ecosystem, a relatively new retail format in Vietnam. Its 27 new WIN stores offer a one-stop shopping destination for the purchase of various daily essentials, including grocery products and services. Source: Masan Group One-stop store format for convenience Masan positions WINLife as a “ one-stop shop ecosystem that provides consumer...
25 August 2022
Vietnam's Bach Hoa Xanh, part of Mobile World Investment Corp, is exploring sale of up to 20% of its chain of convenience stores. Deal likely to be completed in 2023 The business is expected to be valued at more than US$1.5bn and will likely attract interest from local and international retailers. The proceeds will be used to expand the retailer's distribution network, upgrade technology an...
12 August 2022
Emart is planning to open two more supermarkets in Ho Chi Minh City. First expansion since 2015 Emart is one of the largest retailers in South Korea. It opened its first store in 2015 at Phan Van Tri in Go Vap district, but struggled to open more stores due to licensing challenges. The retailer was acquired by Thiso International Commerce and Services Corporation last year. With the local o...
08 August 2022
Dairy Farm International reported total revenue of USD 18,511mn, increased by 1%, and operating profit of USD 76mn, decreased by 37%, year-over-year in H1. It should keep improving sales and profitability, especially in food grocery retail, which suffered the most from COVID-19 impacts in the region. Sales normalizing in supermarket   Excluding the sales from non-grocery, associates and j...