Vietnam Latest News - Inside Retail Asia
QSR chain Pepper Lunch sold to investment fund J-Star
Japanese restaurant operator Pepper Food Service is selling its profitable Pepper Lunch chain to J-Star investment fund for US$79 million.
South Korea’s SMTown Cafe opens first store in Vietnam
South Korean chain SMTown Cafe is to open its first Vietnam store in Ho Chi Minh City.
Vietnam’s rapid retail recovery melts Covid-19 gloom
Vietnam retail and service revenues surged by 5.3 per cent in June over the same month last year – and by 6.2 per cent over May.
How H&M got glocal in Asia
As fast-fashion label H&M expands its focus both online and offline in Asia, the company is going glocal, tapping local models and creative partners.
Grab expands grocery-delivery service into eight SE Asian markets
Grab has expanded its grocery-delivery service GrabMart into eight Southeast Asian markets within the last three months.
Online marketplace Tiki wins US$130 million funding
Vietnamese online marketplace Tiki has successfully raised US$130 million in its latest funding round led by Northstar Group.
Uniqlo opens new Vietnam store, goes online in the Philippines
Japanese fast-fashion retailer Uniqlo is to open its third store in Ho Chi Minh City this week and will debut online in the Philippines. Less than a month after the opening of the Ho Chi Minh’s second store at SC Vivo City, Uniqlo Vietnam is to launch another store in the country’s tallest building Landmark 81 this Friday (June 5). Occupying a 2000sqm area, the Uniqlo Landmark 8…
Vietnam retail sales bounce back after Covid-19 shutdown ends
Vietnam retail sales have dropped just 4 per cent over the first five months of this year, despite a four-week shutdown due to the Covid-19 crisis.
Franchise business-matching events set to resume after Covid-19
VF Franchise Consulting is resuming its international franchise business-matching events in Asia next month.
Jollibee Foods vows to make the most of Covid-19 opportunities globally
Filipino restaurant operator Jollibee Foods is set to open 171 stores globally and renovate 96 more this year, seeing an opportunity despite the chaos of the Covid-19 pandemic.
Vietnam retail sales fall 9.6 per cent since January
First-quarter Vietnam retail sales fell 9.6 per cent year on year according to the government, a direct result of the impact of Covid-19 social-distancing.
Eating at home will be ‘the new reality’ for Asian consumers after Covid-19
Covid-19 has changed Asian customers’ habits, especially in Hong Kong, as more of them decide to eat at home, according to research from Nielsen.