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Foreign retailers come, Vietnamese billionaires struggle to survive Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
16/07/2021 08:05 GMT+7
The increasing presence of foreign giants has put great pressure on domestic retailers.
A store of Mango in Hanoi.
Philippe Broianigo, CEO of Central Retail in Vietnam, recently stated that in the next five years, the group will invest about 35 billion baht (US$1.1 billion) to expand business in 55 provinces and cities of Vietnam. This year the Thai retail giant plans to disburse $211 million to open four trade centers in Vietnam.
The group owns 37 trade centers and 230 stores in Vietnam. It aims to expand this system to 55 provinces and cities in the next five years, to compete fairly with Vietnam s retail giants.
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About two hours after her morning walk in the Lang Bao Chi area of Thao Dien one recent Sunday, Nguyễn Hoàng Thanh Cao’s two-year-old beagle, Peanut, began vomiting and convulsing uncontrollably.
Cao, still in her pajamas, and her husband Olivier Tognetti, rushed to Saigon Pet Clinic hoping for the best, but fearing the worst. A friend’s dog had just died after consuming poison on the street in the same area. “We knew that she consumed the poison but not that much,” said Cao. “So we had very high hopes that she would make it.”