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Retail Asia30/08/2023

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Many Vietnamese companies are looking to the Thai market to export their products this year as demand declines in the U.S. and EU. Puripan Bunnag, senior vice president of the Thailand Convention and Exhibition Bureau, said in the first half of this year around 35,000 people from Vietnam have visited Thai exhibitions and fairs to explore […]

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Retail Asia24/08/2023

Big C Supercenter, the Thai supermarket chain owned by one of the richest families in the Southeast Asian nation, will enter Hong Kong next month and also seek a dual listing in the city and Thailand as early as the fourth quarter, according to a top executive. The Bangkok-headquartered retailer has acquired grocery chain AbouThai, which operates 24 […]

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Retail Asia23/08/2023

Thailand’s second-biggest lender Kasikornbank is in talks to buy consumer finance provider Home Credit Vietnam in a deal of up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam’s top 20 banks in terms of assets by […]

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Retail Asia17/08/2023

Its net profit stood at THB2.31b during the quarter. Central Retail Corporation (CRC) reported its net profit grew by more than 75% year-on-year to THB2.31b in the first quarter. Over the same period, the company’s total revenue went up by 12% to THB63.2b. “The company achieved a 30% sales growth in the fashion category, 9% […]

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Retail Asia17/08/2023

Set to open this August 25, the first flagship store in Thailand will occupy a 340 sqm space in Emquartier, marking another milestone for the luxury brand’s success. Drawing inspiration from its signature futuristic and avant-garde aesthetics, the store promises to echo the brand’s experimental approach to design. Gentle Monster’s fans can eagerly anticipate an […]

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Retail Asia16/08/2023

Crunchy persimmons imported from Thailand sell for VND35,000 (US$1.5) per kilogram at wholesale markets in HCMC, VND5,000-10,000 lower than the Vietnamese variety. My Linh, the owner of a fruit stall in Go Vap District, said she had sold out 100 kilograms of Thai persimmons in two days.”It was very cheap, so I switched to selling […]

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Retail Asia10/08/2023

Vietnam has imposed anti-dumping and countervailing duties on sugarcane products from several Thai companies from August 18 to June 15, 2026. The duties will be imposed on the Mitr Phol Sugar group, Asia’s largest sugar and bioenergy manufacturer, along with four affiliated companies and Czamikow Group Limited. The Thai Roong Ruang Industry group, Thailand’s second-largest […]

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Retail Asia09/08/2023

Thai AirAsia X (XJ) will resume its Bangkok (Suvarnabhumi) – Sapporo route starting from 29 October 2023 to capture the winter season tourist traffic to Japan’s gateway city for winter sports and snow attractions. Flying a direct daily service Thai AirAsia X presents promotional fares starting at THB6,990 available for booking through 30 September 2023 […]

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Retail Asia09/08/2023

The Malaysian Aviation Commission (MAVCOM) has granted air traffic rights to Batik Air Malaysia and AirAsia X, enabling them to expand their networks into Central Asia. Under these newly awarded rights, Batik Air has received approval to initiate scheduled flights linking Kuala Lumpur and Tashkent, Uzbekistan. Concurrently, AirAsia X has been given the go-ahead to […]

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Retail Asia10/07/2023

Vietnamese lychees were already present in Thailand a few years ago, but this is the first time that the fruits are on sale at a major supermarket chain in the country. “I am very happy to be one of the pioneering firms to bring fresh lychees to Thai consumers,” said Nguyen Xuan Viet, Chairman of […]

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Retail Asia29/06/2023

Thai exporters are halving the time it takes to deliver durian to China, from 8 days to four days, in order to better compete with Vietnam over the pungent fruit. Thailand shipped 477,700 tons of fresh durian to China in the first five months, valued at a record high of $1.75 billion and the highest […]

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Retail Asia17/05/2023

CIMB Thai Bank and Positive Thinking Company, a leading technology company in Asia-Pacific, have announced to establish an expert software development center for CIMB Thai in Hanoi. The Vietnam Software Development Center in Hanoi is expected to add powerful engineering expert resources and accelerate the digital journey of CIMB Thai, a member of CIMB Group. […]

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Retail Asia27/03/2023

Park Silom, a premium mixed-used complex in the heart of prime Bangkok’s CBD Silom, is a collaboration between Nye Estate, Minor International and Siam Piwat. Synergizing their prestigious expertise, the three forefront developers are driving Park Silom into a ‘Third Space Retail,’ offering a new retail experience to Silom under the concept “Everyday Indulgence for […]

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Retail Asia23/02/2023

Australian gelato chain Gelatissimo has opened five new stores – including in Thailand and Singapore – taking its international store network to 70. One store has opened in Sunny Laguna in Phuket, Thailand, another in Hawaii’s Royal Hawaiian Center at Waikiki and a third at Jewel Changi Airport in Singapore. In Australia, the company opened […]

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Retail Asia21/02/2023

Thailand’s Central Retail Corporation has announced it will double the number of its Vietnam stores with its largest ever local investment of 50 billion baht (US$1.45 billion). The chain’s number of stores will jump to over 600 in 57 of 63 cities and provinces with the new investment over the next five years. Central Retail […]

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Retail Asia08/02/2023

Rice exports fell 17.4% year-on-year in January to US$203 million as global demand shrank. In volume terms, they declined by 20.9% to 400,000 tons, according to the Ministry of Agriculture and Rural Development. Global demand was lower since inventories remained high in many countries, it said. The U.S. Department of Agriculture said in its January […]

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Retail Asia03/02/2023

Land prices in Bangkok capital city of Thailand has skyrocketed 75% in recent years due to infrastructure development along with urbanization driven by mass transit expansion. Saenphin Sukhee, chief executive of residential developer Frasers Property Home (FPH), said land prices in Bangkok continued to grow despite the Covid-19 pandemic with an average increase of 70-75% […]

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Retail Asia23/01/2023

Indonesia surpassed Thailand as Vietnam’s largest car exporter in 2022, with 72,671 cars exported. According to statistics released by Vietnam Customs, Vietnam imported 173,467 cars in 2022, an 8.5% increase from 2021. Indonesia, Thailand and China were the biggest car exporters to Vietnam, but Indonesia surpassed Thailand to be the country that exported the most […]

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Retail Asia23/12/2022

Consumer spending during the New Year holiday is expected to reach 103 billion baht ($2.96 billion), pushed by the country’s continued economic recovery from the pandemic. The estimated spending is an expansion of 20.1% from the 85.7 billion baht posted during the previous New Year period, the highest increase since 2007 and the first time […]

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Retail Asia21/12/2022

A group of 130 former employees at VK Garment Factory in Thailand are suing the supermarket and auditing specialists Intertek. The workers, represented by law firm Leigh Day in the UK, claimed that they were paid up to £4 a day, working seven days a week, and “trapped in a cycle of forced labour and […]

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