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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.

Viet tienRepublic ofHo chi minh cityH chíinhHan iSouth koreaCholla namdoBach hoa xanhPhilippe broianigoYoshio murataThao dienMax maraTiffany coVietnam industry research and consultancyMinistry of industryWorld bank