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Tag: laos

Retail Asia19/09/2016
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Fashion

Miniso Laos opens first store at Vientiane

2min0
Chinese fashion and novelty retailer Miniso has opened its first store in Laos as it continues its rapid Asian expansion. The Miniso Laos store is located on the 1st floor of KL’lar Huk K’kee Mall in Vientiane, the nation’s capital. The flagship store in Laos gained much attention from the local government, five major banks […]
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Retail Asia19/05/2016
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Living

Macau Legend buys troubled casino in Laos

4min
Macau Legend Development Limited announced via press release on May 13 that it had entered into a USD42 million (approximately HKD326 million) project development agreement (PDA) with a company wholly-owned by the Ministry of Finance of the Lao People’s Democratic Republic, to purchase the Savan Vegas Hotel and Entertainment Complex, a full-service casino, hotel and […]
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Retail Asia02/05/2016
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Living

Siam Makro plans $258m expansion

2min0
Thai cash-and-carry chain Siam Makro plans to invest up to 9 billion baht ($258 million) in opening stores this year in Thailand and overseas. Its parent company, CP All, which through its ownership of 7-Eleven Thailand is the country’s largest convenience store operator, plans to sell some of its 97 per cent stake in Siam […]
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Retail Asia30/03/2016
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Telecom

Telekom Malaysia launches POP in Laos

2min0
Telekom Malaysia has arranged to establish a new point of presence in Laos in collaboration with the Lao National Internet Centre (LANIC). Under the agreement, LANIC will host and provide infrastructure for the POP via its international data center in Vientiane. Telekom Malaysia will use the POP to provide alternative connectivity options to its customers […]
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Retail Asia09/03/2016
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General

SHB new Club sponsor in Vietnam, Laos & Cambodia

7min
On 8 March 2016 in Hanoi, FC Barcelona unveiled a sponsorship agreement with Saigon – Hanoi Commercial Joint Stock Bank (known as SHB), the top 5 Private Commercial Banks in Vietnam. This agreement will make SHB the first and only banking partner of FC Barcelona in Vietnam, Laos and Cambodia and enable SHB to open […]
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Retail Asia07/02/2016
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Food

Cold Weather Bears Down Once Again on Laos

4min
Laos is bracing for another potentially devastating cold snap following one in January that brought a rare snowfall to the tropical nation and was blamed for the deaths of thousands of livestock and fish, government meteorologists said on Thursday. The Lao Department of Meteorology and Hydrology predicted today that the western Houaphan and Xiengkhouang provinces […]
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Retail Asia02/02/2016
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Electronics

Mobile World crossing borders

2min
As well as electronics and mobile phones, its usual products, Vietnamese chain Mobile World is planning to distribute groceries in its first stores in Cambodia, Laos and Myanmar. CEO Tran Kinh Doanh says the stores will open early next year. Meanwhile, he has revealed two goals – to become one of the biggest eCommerce firms […]
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Retail Asia10/01/2016
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General

Two Malaysian firms plan agarwood venture in Laos

4min
Two Malaysian companies plan to invest US$18 million (RM79 million) for the inoculation of agarwood in Laos that is expected to generate US$200 million in three years. Agriculture transaction company Aseagate (M) Sdn Bhd, forestry management company Richwood Capital Sdn Bhd (RWC), together with non-governmental organisation Global Outstanding Chinese 100 Organisation of Singapore (GOC100) yesterday […]
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Retail Asia06/01/2016
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Electronics

Korea’s E-Mart Vietnam launches

4min
As a first step in a Southeast Asian rollout, Korean discount store E-Mart has opened its first outlet in Vietnam. It goes head-to-head with rival Korean chain, Lotte Mart, which has been in Vietnam since 2011 and now has 11 stores. The E-Mart Vietnam launch follows four years of researching the Vietnamese retail market. Run […]
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Retail Asia04/11/2015
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Real Estate

Robinson Thailand plans more border stores

2min
Thai department store chain Robinson says it will open outlets in planned special economic zones to encourage cross-border trading. The Central Retail Corporation subsidiary says it will open a new Lifestyle Centre at Mae Sot in the Tak province, on the border with Myanmar. It follows a similar store which opened in Mukdahan, on the […]
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Retail Asia25/08/2015
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Real Estate

Major Cineplex plans Laos rollout

2min
Thai cinema chain Major Cineplex plans to have 30 screens in Laos within three years. Major Cineplex has entered the Laos market in a 60:40 joint venture with local partner Platinum Cineplex. With a population of 7 million, a growing economy and young population, the Thai company believes it offers strong opportunity to expand its […]
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Retail Asia21/07/2015
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Real Estate

Duty free mall planned for Vientiane

2min
A consortium of Lao and Thai investors is building a shopping and hotel complex in Laos’ largest city, Vientiane as the two nations prepare for the new Asean Economic Community. The US$290 million project will be built on a 32 hectare site in downtown Vientiane. In the first stage a 37,000 sqm duty free mall […]
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Retail Asia17/07/2015
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Living

KBank, Aeon connect in Laos

4min
Both parties are also ready to jointly develop payment channels and other innovative services in a bid to assist Thai investors in Laos. Suwat Techawatanawana, KBank’s first senior vice president, said Aeon Leasing Service (Lao) had been granted kip-denominated loans by the bank’s Laotian unit to be used for its retail and motorcycle-loan businesses. Aeon […]
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Retail Asia23/06/2015
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Electronics

Huawei hails SE Asia success

3min
Smartphone maker Huawei says its determination to concentrate on Southeast Asia is already bearing fruit. With the profitable Southeast Asia regional launch of the Huawei P8 and wearable units in Bangkok Thailand in late Might, Huawei is retaining the momentum going by introducing the P8, P8Max, P8Lite, Talkband B2 and AP007 energy financial institution to […]
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Retail Asia22/05/2015
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General

CIMB Thai Bank branching out into Laos

7min
CIMB Thai Bank will open its first overseas branch in Vientiane in the third quarter of the year to service trade and other business activities between Thailand and Laos. The new branch forms part of Malaysia-owned CIMB Group’s retail banking initiatives this year, Subhak Siwaraksa, president and chief executive officer of the Thai unit, said […]
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