Fivimart

Retail Asia15/04/2019

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Vingroup has acquired 87 Vietnamese Shop&Go convenience stores for just US$1. Vingroup’s retail arm VinCommerce, which manages Vinmart supermarkets and Vinmart+ convenience stores, will upgrade infrastructure, staff and goods at the acquired stores by the end of next month. According to a VinCommerce statement, Shop&Go made the approach and offered to sell itself. “The competition […]

Retail Asia08/11/2018

Vietnam’s biggest private conglomerate Vingroup has officially confirmed its acquisition of major tech products retailer Vien Thong A. In its financial statement for the third quarter of 2018, Vingroup lists Vien Thong A Import Export Trading Production Corporation as a fully-owned subsidiary. On September 14, Mai Thu Thuy, board member of the Vincom Retail Joint […]

Retail Asia10/10/2018

VinCommerce, owner of the largest Vietnamese retail outlet chain, has bought out competitor supermarket chain Fivimart. The deal, whose value has not been revealed, delivers 23 Fivimart outlets to VinMart. VinCommerce, a member of the Vingroup business conglomerate, bought Fivimart from domestic company Nhat Nam JSC and Japanese retailer AEON, which held 70 percent and […]

Retail Asia03/10/2018

Japanese retail company AEON has closed its cooperation with Vietnamese shopping market chain Fivimart, a source said. A senior AEON official, who asked not to be named, said that the company has sold its entire stake in Fivimart to a Vietnamese firm after three years of cooperation. The source did not reveal the value of […]

Retail Asia06/12/2016

Korean chain K-Market is in talks with VinGroup to expand its network. K&K, the owner of K-Market supermarket chain and K-Food, wants to expand by opening inside VinGroup’s commercial centres. K-Market currently locates its retail stores inside Lotte Mart and Fivimart outlets. The retail operators plans to expand its network to 100 supermarkets by 2020, […]

Retail Asia24/06/2016

Aeon Vietnam will inaugurate its second shopping centre in Ho Chi Minh City, Aeon Mall Binh Tan, on July 1. Larger than Aeon Mall Tan Phu Celadon, which opened in early 2014, it has an total investment exceeding US$120 million and covers 4.6 ha. at the Hi-Tech Healthcare Park of Hoa Lam Shangri-La. It will […]

Retail Asia24/07/2015

Vietnam’s retail market is set to grow by 8.4 per cent annually until 2020, making it one of the fastest-growing markets in south-east Asia. Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger shoppers, we take a look at five trends defining the marketplace for pan-Asian retailers right […]

Tag: Fivimart

Vingroup buys Vietnam c-store chain Shop&Go

Vingroup acquires mobile phone retailer Vien Thong A

Vingroup retail arm acquires Vietnamese supermarket chain

AEON sells stake in Vietnamese supermarket chain

K-Market to expand network with VinGroup

Aeon Vietnam opening second HCMC mall

Five trends in Vietnam retailing