Domestic retailers understand well that they need to join forces to develop. However, to date, every man is still for himself. Family Mart has obtained an agreement to set up a joint venture with Vietnamese Phu Thai Group to develop the Family Mart chain in Vietnam. According to Pham Dinh Doan, Chair of the Phu [...]
Crescent Mall Commercial Center project in the new urban area in District 7 is due to be inaugurated in November which will include Supermarket Giant of Dairy Farm Group, said Phu My Hung Joint Venture Co., Ltd., the investment owner of the project. Dairy Farm, a leading retail group in Asia, will open a large-scale [...]
‘Promotions’ have become increasingly irrelevant to a modernising and dynamic shopping environment, according to a G2/Grey Group 2011 Eye on Asia Retail study. Accordingly, 62 per cent of Asian shoppers rarely base their decisions on promotions while 40 per cent of the remaining 38 per cent shop entirely based on their own whims. “Traditional in-store [...]
Japan’s Itochu Corporation and FamilyMart are planning to expand the FamilyMart retail chain to hundreds of stores in Vietnam via a joint venture established early this month with domestic outfit Phu Thai Group. The joint venture, Vina FamilyMart, will see Phu Thai Group hold a 51 per cent stake and FamilyMart-Itochu 49 per cent. FamilyMart [...]
Despite a regulation that took effect four years ago, products at most street markets in Ho Chi Minh City are still being displayed without a price tag. For instance, at some markets such as Tan Dinh in District 1, Ba Chieu in Binh Thanh District and Tan Huong in Tan Phu District, price tags can [...]
Profit margin of retailers slumped dramatically in the first seven months of the year, while sales moved up on rising consumer price. The Hanoi Supermarket in Ho Chi Minh City’s District 1 earned an average profit margin of 3 percent measly in the last three months, says Nguyen Thi Hai, director of a supermarket in [...]
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