The information was published by Reuters on April 29th. The winner in the race to acquire Big C Vietnam is Central Group, a corporation from Thailand. According to Reuters, Casino – the French retailer has officially announced to sold Big C Vietnam to Central Group from Thailand for 1.14 billion USD. This is a move … Read more
There is a trend that foreign corporations entering Vietnam market as they see the potentials of this rising economy. Japan’s Idemitsu Kosan Group has received an investment license to open a joint venture with a unit of Kuwait to build a petrol distribution system in Vietnam. This corporation will contribute 50% capital to Idemitsu Petroleum … Read more
France’s leading retail group – Auchan – on November 3rd has officially signed a strategic cooperation agreement with Military Petrochemical JSC (MIPEC). Together, Auchan has signed lease contract with Long Bien Commercial Center, which was invested by MIPEC to implement retail supermarket chains named “Simply Mart” in the northern market. This event has marked a … Read more
It is easy to see that 2015 was a very active year of Vietnam’s retail market, especially in merger and acquisition (M&A), association and joint venture activities… both in manufacturing and trading of retail businesses such as Kinh Do, Citimart, Metro and Nguyen Kim. According to Euromonitor International – a market research firm, the retail … Read more
Leaders of Ho Chi Minh City (HCMC), Binh Duong and Bac Ninh will create the most favorable conditions to invite and welcome Apple projects to be invested in Vietnam. Ho Chi Minh City Apple has proposed to build a database center serving Asia in Vietnam. The project has a total investment of approximately 1 billion … Read more