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Central Retail Vietnam va investir 35 millions de dollars dans un centre commercial à Binh Duong | Économie
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Locals step up M&A retail strategy with foreign players 14:00 | 21/05/2021
E-mart will sell its Vietnamese business to THACO
South Korea s largest supermarket chain E-mart is selling its retail store business in Vietnam to THACO Group after hitting road bumps to expand in the market. Accordingly, the local business will be converted to a franchise model managed by THACO, which will pay royalty fees to E-mart.
Since its debut in Vietnam in 2015, E-mart planned to open 10 hypermarkets within five years. At present, the retailer has only one hypermarket in Go Vap district of Ho Chi Minh City. The retailer failed to realise its expansion plans due to challenges in securing liscenses and development sites.
Becamex IDC and Central Retail Vietnam co-develop GO! shopping mall in Binh Duong
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VIETNAM BUSINESS NEWS APRIL 6 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
06/04/2021 12:03 GMT+7
Vietnamese fruit and vegetable sector targets export revenue of $10 billion
The agricultural sector has determined to improve quality to meet import market standards and achieve the export target of US$10 billion by 2030.
Dang Phuc Nguyen, general secretary of the Viet Nam Vegetables Association, said that new-generation free trade agreements (FTAs) such as the EU-Viet Nam Free Trade Agreement (EVFTA); the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); or Regional Comprehensive Economic Partnership (RCEP) were helping pave the way for Vietnamese businesses to increase fruit and vegetable export turnover this year.
Central Retail Corporation from Thailand has drawn up ambitious plans for the next five years in VietnamÂ
With a target of further expanding its footprint in Vietnam as a high-potential market, Thailandâs Central Retail Corporation (CRC) has come up with a five-year plan with an investment value of approximately THB35 billion ($1.1 billion) to cover 55 cities and provinces nationwide.
Yol Phokasub, CEO of CRC, revealed in a statement in early April that CRC is forging on with business expansion in Vietnam. âThanks to strong collaboration from all sectors, Vietnam has emerged from the COVID-19 pandemic with a GDP growth rate of 2.91 per cent, the lowest growth for the market but still positive growth while most other countries reported an average 4.4 per cent reduction. Vietnamâs economy is predicted to bounce back to 6.8 per cent in 2021,â he said.
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