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Retail Asia17/10/2023

Thien Phuc International Hotel Company, which owns the four-star Novotel Saigon Centre Hotel in HCMC, has reported its biggest ever half-yearly loss of VND369.6 billion (US$15.4 million). The loss for the year’s first half was 50% higher year-on-year, according to its earnings report. It had racked up full-year losses of VND786 billion in 2021 and […]

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Retail Asia01/02/2023

Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19. The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was sold to ThaiBev in 2017. “The company has improved its production efficiency and […]

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Retail Asia22/04/2021

The Saigon Zoo-Botanical Garden Company Ltd has reported a VND6.8 billion ($304,300) loss for 2020 as Covid-19 kept people away from its zoo. Its revenues fell by 38.6 percent to VND70 billion, the lowest in six years. The 157-year-old zoo in District 1 closed for two months from March 20 last year as part of […]

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Retail Asia22/09/2020

Police in Ba Ria-Vung Tau Province are investigating a copyright infringement involving Saigon Beer by a former employee of its brewer, Sabeco. They found over 9,000 boxes of the Saigon Vietnam Beer with the brand name and packaging similar to that of the 43-year old Saigon Beer brand produced by Sabeco, the largest brewer in […]

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Retail Asia11/08/2020

The Saigon Zoo-Botanical Garden Company Ltd reported a loss of VND18.8 billion ($809,600) for the first half as Covid-19 kept people away from its zoo. The operator of the country’s largest zoo in Ho Chi Minh City saw revenues drop by half year-on-year to VND27 billion ($1.2 million). The 156-year old zoo in District 1 […]

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Retail Asia21/02/2020

An elevated section of Ho Chi Minh City’s Ben Thanh-Suoi Tien Metro Line 1 will be tested out within the third quarter this year. This elevated section crosses Ho Chi Minh City’s District 9, spanning from central Binh Thai Station to Long Binh Depot, a train maintenance center, the HCMC Management Authority for Urban Railways […]

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Retail Asia19/12/2019

Flying from Hanoi to Saigon takes five minutes more per month due to overload at Tan Son Nhat International Airport. Duong Tri Thana, Vietnam Airlines CEO, told a forum Wednesday continued delays at Tan Son Nhat could drag down flight quality and hamper economic growth. The route itself ranked as the sixth busiest domestic route in […]

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Retail Asia18/11/2019

The HCMC Transport Department will launch a public transport service using electric motorbikes at the end of this year. The service is part of a memorandum of understanding (MoU) signed last week between the department and Grab Vietnam, the local unit of Singapore-based ride-hailing firm. Under the agreement, the two parties will jointly roll out […]

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Retail Asia04/11/2019

Saigon retail rents are rising with space in the CBD hitting an average of US$135.50 per square meter in the third quarter, up by 5.8 percent year-on-year. According to a report by real-estate company CBRE, the average monthly rents outside the CBD were only US$35.80 per square meter, down 3.7 percent quarter on quarter. Saigon […]

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Retail Asia30/10/2019

Japanese casual wear retailer Uniqlo plans to open a 3,000-square-meter store in downtown HCMC at the end of this year. Its first store in the country, at Parkson Saigon Tourist Plaza in District 1, would be one of its biggest in Southeast Asia, the company said in a release. It will sell clothes for men, women […]

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Retail Asia25/10/2019

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HCMC will raise registration fees of cars under 9 passenger seasts from VND11 million ($473) to VND20 million ($860) from October 17. According to a resolution recently passed by the city’s People Council, licensing fees for other types of cars will be set from the initial cost of VND150,000 ($6.4) to VND500,000 ($22). Such as, […]

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Retail Asia25/07/2019

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Local retail group Saigon Co.op has acquired the Auchan Vietnam business. Auchan will transfer its 15 closed store spaces and the three remaining stores still trading in Ho Chi Minh City’s Districts 7 and 1, along with its e-commerce and supply-chain retail system to Saigon Co.op. According to the arrangement, Saigon Co.op will renovate the […]

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Retail Asia07/01/2019

After a $4.78 million debt restructuring, Vietnam’s largest brewer Sabeco is now owned by a Thai company. In December 2017, Thai Beverage (ThaiBev) acquired a 53.59 percent stake in Sabeco from Vietnam’s Ministry of Industry and Trade for $4.78 billion through a local entity, Viet Beverage (VietBev). VietBev, which had 100-percent Vietnamese ownership at the […]

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Retail Asia17/12/2018

Attractive prices and returns have seen the number of Chinese customers buying high-end apartments in HCMC soar this year. Duong Thuy Dung, senior director of real estate market research firm CBRE Vietnam, said at a recent forum that 31 percent of high-end apartment buyers in HCMC in the first nine months were Chinese. This figure […]

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Retail Asia12/12/2018

Saigon leads Vietnam in real estate interest, drawing 300 million internet searches in the last 12 months. According to a report recently issued by Batdongsan.com.vn, one of the biggest property portals in Vietnam, Hanoi is the second most searched city when users look up real estate at 170 million searches. The two cities are followed […]

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Retail Asia30/11/2018

The third quarter of 2018 saw apartment liquidity in Saigon fall to the lowest level in six consecutive quarters. According to property services provider Savills Vietnam, only 10,000 apartments were traded in Saigon in the third quarter of this year. The apartment sales were down 30 percent from last quarter and down 13 percent year-on-year. […]

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Retail Asia01/11/2018

Beer maker Sabeco has reported after tax profits of $149 million in Jan-Sept 2018, down 6 percent year-on-year. The company’s total revenue in the first nine months of the year was VND25.5 trillion ($1.1 billion), 70 percent of its annual target. According to the company’s third quarter financial report Sabeco, formally known as Saigon Beer […]

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Retail Asia10/10/2018

Foreign investors currently own majority stakes in about 50 percent of high-end office buildings in downtown Saigon. A newly-released Savills Vietnam report said investors from Singapore, Hong Kong, Japan, South Korea, Germany and Slovakia own stakes in nine Grade A office complexes in prime Saigon locations. Asian investors hold a bigger market share than that of […]

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Retail Asia13/08/2018

An ownership cap is preventing foreigners from buying high-end apartments in Saigon, especially its eastern part. Thien’s apartment was in a prime area with a view of the Saigon River in Ho Chi Minh City’s Thao Dien Ward, District 2. He could have sold it for VND5.5 billion ($236,000) to a foreign buyer, but had […]

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Retail Asia10/07/2018

Office rentals in downtown Ho Chi Minh City have been rising steadily over the last three months, a new report says. Grade A office rent has seen a 7 percent increase in the second quarter over the first quarter and 17 percent increase over the same period last year, the report said. A similar increase, […]

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