Auchan Retail Vietnam would have to face great challenges in an increasingly competitive market if it wants to reach the target of expansion.
No supermarket was opened in the past eight months though Lotte Vietnam Shopping Joint Stock Company has set out an ambitious plan to open more 12 Lotte Mart supermarkets in Vietnam since early this year.
Renowned international fast-fashion brand, H&M is set to open its third store in Crescent Mall, Ho Chi Minh City.
Whilst most of retailing groups are struggling in the fierce competition of the retail industry, Aeon Vietnam is still able to gain millions of dollars after just a few years of operation.
According to Retail Asia's recent report, electronic retailers as Mobile World, FPT Shop, Nguyen Kim Trading and Vien Thong A are in the top ten retailers of Vietnam in 2017.
The well-known retail store chain of mother and baby products namely Con Cung in response to mislabeling allegations has affirmed that its products sold in its system is genuine, have clear origin as well as invoices in accordance with prevailing laws.
The local pharmaceutical retail market is proving a turning point to change its outlook together with an approach of giants of mobile devices and electronics distribution.
The joining of Japan’s big-name Aeon did not improve financial situation of Fivimart and Citimart but it even became worse.
After ACA Investments, Japan-based Scroll Corporation has become the second largest stakeholder of Cat Dong, which owns e-commerce sites Cungmua.com, Shipto.vn and Nhommua.com with 26.9 per cent stake.
2017 is a less active year in the mergers and acquisitions (M&A) market than in 2016, but it also leaves a special hallmark on a series of large transactions involving the equitization of state owned enterprises.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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