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Update news retail chains
VietNamNet Bridge - Vietnamese manufacturers are equal in strength with foreign goods in the fast-moving consumer goods (FMCG) market.
The ‘pure shopping mall’ has lost its position amid the strong rise of ‘shopping mall complex’, or ‘one-stop shop’. Experts believe that ‘one-stop shops’ will be dominant in the retail market in the future, especially in large cities.
VietNamNet Bridge - Foreign retailers have been flocking to Vietnam because they see the great potential in a 90-million-consumer market. However, Vietnam has not been an easy playing field even for experienced players.
VietNamNet Bridge - The Vietnamese retail market is expected to be re-divided with the presence of Vingroup, a Vietnamese company with powerful financial capability, and other firms.
VietNamNet Bridge - Japanese Aeon, South Korean Lotte and Thai Central have been expanding their operation scale in Vietnam by teaming up with Vietnamese partners to set up joint ventures or swallowing existing retail chains.
VietNamNet Bridge - Thai businesses are believed to be the most active investors in Vietnam pouring capital into Vietnam to prepare for the ASEAN Economic Community (AEC), which takes effect in late 2015.
VietNamNet Bridge - South Korean-made products have been flooding the Vietnamese market thanks to expanded distribution networks.
VietNamNet Bridge - Large retailers in Vietnam are either distributing more Thai goods or raising the proportion of Thai goods in their chains.
VietNamNet Bridge - If Pico’s deal to sell shares to a Thai group wraps up as expected, the domestic home appliance market will have a new face as all the big players in the market will join hands with foreign investors.
VietNamNet Bridge – While a lot of shopping malls in Hanoi and HCM City are deserted with idle premises, big retail chains have been fully occupied, though the business of some tenants does not go well.
Metro had been the only modern wholesaler until the day Co-opXtra, a joint venture of the Vietnamese Saigon Co-op and Singaporean NTUC FairPrice.