Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Vietnam retail sector.

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Parkson committed to Vietnam

Malaysian department store operator Parkson has shrugged off negative publicity about its Vietnam operations saying it remains committed to the market. Today, (Monday January 11), Parkson opens its 10th store in the market, in the fast-growing beachside city Danang. “Parkson remains positive on the retail market in Vietnam as can be seen in the opening of Parkson store in Danang… as part of our expansion plans,” CEO Toh Peng Koon said on Friday. Earlier this month Parkson closed o…

LuLu plans SE Asian money shops

LuLu Group, the Emirates-based retail group, is looking to open a network of money exchanges in southeast Asian countries. According to media reports in the Gulf, Lulu Group plans money exchanges in Thailand, Vietnam and the Philippines, where it opened a liaison office late last year. The company had already announced plans to open hypermarkets in Malaysia and Indonesia and now, according to reports, Hong Kong is on its radar also. LuLu Group had earlier scheduled its first Malaysian h…

Parkson closes Vietnam store

Parkson has closed one of its Vietnam department stores. Concessionaires inside the Parkson Landmark 72 centre in Hanoi were reportedly told to remove their stock by January 3 and the store has ceased trading. According to Vietnamese media reports, Parkson cited poor sales in the centre for its demise. “Since the store opened in 2011, Parkson Landmark’s performance has not a day been registered with any sales that could achieve our expectation and we also understand that your counte…

Mobile giant plans major boost

Vietnam’s largest player in mobile phone retailing plans massive expansion of its ‘mobile supermarket’s format in 2015. Mobile World, trading as The Gioi Di Dong with its distinctive bright yellow retail stores, and online as Thegioididong.com and Dienmay.com, has about 350 stores throughout Vietnam having added 125 last year. This year it says it will open another 123, taking its network to 473 and anticipates achieving US$1 billion in sales. The new stores will increase its shar…

Dairy Queen in Taiwan, Vietnam roll-out

US-based fast food chain Dairy Queen has re-entered Taiwan and opened its first store in Vietnam. Its Taiwan partner, Jolly Brands, has opened a Dairy Queen location in the Tianmu neighbourhood of Taipei. The company plan to open 45 stores throughout the country within the next five years. In Vietnam, Dairy Queen has signed a multi-unit deal with QSR Vietnam Trading One Member Company to open its first store in Ho Chi Minh City. The store is located in Nguyen Thi Minh Khai in a part of the…