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

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Da Nang: the ‘Singapore of Vietnam’

Why Vietnam’s third largest city is booming – and retail is following.

BBQ Chicken Vietnam gets Foodpanda boost

Online food delivery service Foodpanda has given Korean QSR BBQ Chicken Vietnam a major marketing boost.

Foodpanda seals $110m funding

Rocket Internet subsidiary Foodpanda says Goldman Sachs has invested another $110 million into the business and will take a seat on its advisory board.

Tmall Global launches duty-free platform

Alibaba’s Tmall Global is to launching a prepaid duty-free service for Chinese travellers going abroad in the hopes of boosting international eCommerce opportunities.

2C2P raises US$7 million more

Southeast Asian payment services provider 2C2P has raised US$7 million in another round of funding from international investors.

UK PE buys stake in PNJ Vietnam

Fast growing jewellery retailer PNJ Vietnam has caught the attention of UK private equity company LGM Investment.

Metro Vietnam fined for tax evasion

Metro Vietnam has been ordered to pay US$2.92 million in tax arrears after a government probe.

New rich drive Vietnam luxury boom

The rapidly rising ranks of Vietnam’s uber-rich are fueling growing demand for luxury goods in the fast-growing economy. The number of ultra high net worth individuals (UHNWI) in Vietnam is predicted to double to 300 by 2024, according to the Knight Frank Wealth Report 2015. The increase of 159 per cent makes Vietnam the country with the fastest growing population of persons with a net worth of more than US$30 million, followed by another ASEAN member state, Indonesia (132 per cent). U…

VivoCity Saigon opens doors

SC VivoCity Saigon has commenced trading, the second international shopping centre brand to enter Vietnam.

Huy Vietnam secures offshore funding

Singapore and Hong Kong private equity investors help fund expansion by Huy Vietnam.

Shinsegae Vietnam prepares for launch

Shinsegae Vietnam will launch discount store brand E-mart in Ho Chi Minh City by the end of 2015.

British bag brand Zatchels eyes Asia

Hip British bag brand Zatchels says it plans to make inroads into Asia as its young brand gains international awareness.