Vietnam Latest News - Inside Retail Asia
Masan Group to shutter hundreds of Vinmart stores
Vietnam consumer-goods company Masan Group says it plans to shut down hundreds of VinMart and VinMart+ stores it purchased from VinGroup last year. The company said they will open 10-30 new Vinmart supermarkets and close 100-300 Vinmart+ stores this year to focus on improving profitability of existing locations instead of following the program of massive expansion followed by the previous owner.
Liverpool FC pop-up store opens in Vietnam
Liverpool FC has partnered with CRC Sports to launch a merchandise pop-up store in Vietnam. Located at Estella Place shopping mall in District 2, the pop up offers fans a full range of New Balance replica kit as well as authentic Liverpool FC merchandise, apparel and fashion accessories. “Our new store in Vietnam will enable us to continue to expand our retail operations, so all…
Typo Vietnam stores open as Australian stationer stretches its Asian reach
Typo Vietnam has launched its second store in Ho Chi Minh City, a month after making its debut in the country. Located at Crescent Mall, the new Typo Vietnam store features a wide collection of gifts, decor and travel accessories. The Australian stationery brand also offers special products featuring characters from Disney, Marvel…
New Gucci logo kicks off viral Facebook trend in Vietnam
The release of a “new Gucci logo” has sent keyboard warriors into a frenzy in Vietnam – but oddly, apparently not in other Asian markets just yet.
Starbucks Vietnam opens new concept store at Ecopark
Starbucks Vietnam has opened a concept store at a new urban development called Ecopark in Hung Yen, near Hanoi, its 63rd store in the country. Located at the heart of Summer Park, Starbucks Ecopark features a mixture of rural and modern aesthetics, creating “a space that seeks a sense of harmony with its natural surroundings and the buildings bold structure,” the company said in a statement.
Saigon Co.op launches new concept Finelife in Ho Chi Minh City
Vietnam retail group Saigon Co.op has launched a new supermarket concept, Finelife, in Ho Chi Minh City.
Muji Vietnam launch imminent
The first Muji Vietnam store is set to open within three months, a year after the Japanese household goods and apparel chain established an office in the country.
Uniqlo Vietnam confirms second, giant store
Uniqlo Vietnam is to open its second store, in the capital city of Hanoi in the first quarter of the year, a few months after its debut in Ho Chi Minh City.
H&M unveils Chinese New Year collection
A new H&M Chinese New Year collection has been launched, celebrating the Year of the Rat, and featuring more than 100 items.
Vietnam retail sales hit four-year high
Retail sales in Vietnam have reached VND4.94 quadrillion (US$214.8 billion) as of last year, a rise of 11.8 per cent over the previous year.
Vietnam’s Vingroup to complete retail exit by closing VinPro chain
Vingroup is to complete its exit direct retail businesses, shutting down its electronic business VinPro within this month.
Matsumoto Kiyoshi Vietnam to open next year
Japanese drugstore operator Matsumoto Kiyoshi will launched its first Vietnam flagship store next March in downtown Ho Chi Minh City.
