Retailers/Vinmart/News

Vinmart news

28 September 2018
AEON has sold its 30% stake in small grocery chain Fivimart to Vinmart in Vietnam. Divestment in Fivimart... After four years of being a part owner and mounting losses, AEON has sold its share in Fivimart (23 stores). It has been reported that the decision to exit was due to poor performance and strategic differences between stakeholders. Converted to Vinmart stores All Fivimart store...
24 January 2018
After three years in operation, VinMart supermarkets and VinMart+ convenience stores form the largest retail chain in Vietnam. Building on this success, the retailer is looking to continue its development over the next two years. New phase of development In December 2017 alone, the retailer added 100 new outlets in 11 provinces. On average, three convenience stores were opened per day. At a...
05 December 2016
Korean supermarket chain K-Market is planning to work with Vietnam’s conglomerate VinGroup to expand its network in Vietnam. 100 stores by 2020 K&K, the owner of K-Market supermarket is planning to expand in Vietnam by opening stores at VinGroup’s commercial centres. The company plans to reach 100 supermarkets by 2020, and eyes a turnover of more than US$100 million in 2017. The group ai...
29 January 2015
AEON has announced strategic alliances with two major retailers Citimart and Fivimart. Partnership to cover both north and south AEON Vietnam has bought a 49% share of Citimart and a 30% share of Fivimart. Both two retailers have stores concentrated in two major regions of the country; Citimart with 28 stores in the south and Fivimart with 18 stores in the north. AEON will supply all partne...