Vincom

Retail Asia24/04/2023

Mall operator Vincom Retail has reported after-tax profits of VND1.02 trillion (US$43.4 million) for the first quarter, a 2.7-fold rise year-on-year, amid a recovery in consumption. It was 23% up quarter-on-quarter, the company’s consolidated financial statements showed. Vincom Retail reported revenues of VND1.94 trillion in the first quarter, an increase of 42%, with its mall […]

Retail Asia20/05/2021

Vincom Retail targets a post-tax profit of VND2.5 trillion this year, up 5 percent from 2020 but lower than in 2019. The mall developer and subsidiary of conglomerate Vingroup eyes revenues of VND9 trillion, up 8 percent from last year but marginally below the 2019 figure. It has set these conservative targets after a challenging […]

Retail Asia21/10/2019

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Vietnam’s Vincom Retail has announced three new Vincom Mega Mall shopping centres. Two of the new properties will be located in Hanoi and the third in Ho Chi Minh City, the country’s commercial capital. Located in one of the largest real estate projects in Hanoi, Vincom Mega Mall Ocean Park will occupy 56,000sqm, and serve […]

Retail Asia13/06/2018

Vincom Retail plans to open 30 more shopping centres in Vietnam this year, increasing its mall network to 200 by 2021. To fund the plan, the retail subsidiary of Vingroup will raise US$500 million. The first of the new malls to open will be Vincom Center Landmark 81 and Vincom Center Lieu Giai in Hanoi. […]

Retail Asia12/01/2018

Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real estate company, Vingroup, starting expanding its Vinmart Plus convenience store chain in 2016 and […]

Retail Asia11/11/2017

Miniso Vietnam plans to open 500 more stores in the next two years, adding to the 30 outlets already established. Co-founder/chief designer Miyake Junya says he has signed a strategic co-operation agreement with Vietnamese developers, including Vincom, which includes plans for 300 stores next year. He says Miniso will open 10,000 stores in 100 countries […]

Retail Asia10/11/2017

Vietnam’s richest man and first billionaire has climbed past U.S. President Donald Trump on Forbes magazine’s real time list of the world’s billionaires. Pham Nhat Vuong, founder and chairman of Vingroup JSC., was the world’s 640th richest person with a net worth of $3.5 billion as of 5 p.m. GMT on November 8. Since the release of Forbes‘ […]

Retail Asia09/11/2017

Zara Vietnam opens its first Hanoi store tomorrow in Vincom Centre Ba Trieu. According to an announcement on the Spanish fashion brand’s website, the three-storey store will face Doan Tran Nghiep street and offer styles for women, children, teens, and men. It will feature hoodies and coats as the capital faces winter. Zara arrived in […]

Retail Asia13/03/2017

Earlier, on March 8, the M.V.P Group held a press conference to address issued related to the closure of Platinum Cineplex, the biggest cinema operator by screen in Hanoi, at three Vincom malls. The three cinemas include Platinum Royal City in Thanh Xuan District, Platinum Times City in Hai Ba Trung District and Platinum Long […]

Retail Asia04/10/2016

The New Orleans chain PJ’s Coffee has opened its first shop in Ho Chi Minh City, Vietnam. The cafe is located in the Union Square shopping mall, while a second shop is planned to be opened in December. Within five years, PJ’s plans to open 10 more shops in Vietnam and 10 more in other […]

Retail Asia15/07/2016

Zara Vietnam’s flagship store is taking shape at Vincom shopping mall in Ho Chi Minh City, and is expected to open soon. The Spanish fast-fashion brand announced in May that it would expand to Vietnam this summer, setting its debut store’s opening date for this month. However, posters in the city say the store opening […]

Retail Asia06/11/2015

Vietnam’s largest retail group has snapped up local supermarket chain Maximark. Vingroup, whose assets already include 12 Vincom shopping centres with a raft of its own retail brands inside, and 125 VinMart grocery stores, will rebrand the nine Maximark hypermarkets under the VinMart+ name. “The acquisition aims at expanding Vingroup’s retail network reinforcing the status […]

Retail Asia25/08/2015

UK-based department store retailer Marks & Spencer has opened a second store in Vietnam’s largest city, Ho Chi Minh. Marks & Spencer Vietnam plans to have 20 stores trading in the country by 2020, focused on selling womenswear and menswear. The new store is at Crescent Mall in Ho Chi Minh City’s District 7, a […]

Tag: Vincom

Vincom Retail profits nearly triple in Q1

Vincom Retail sets conservative business targets

Vincom Retail unveils three shopping centre plans

Vincom Retail to expand business this year, masively

Vietnam to celebrate its new retail sales highest record US$129 billion

Miniso Vietnam to open more stores

Vietnam’s richest man leapfrogs Donald Trump on Forbes’ billionaires list

New store for Zara Vietnam

Vincom suits Platinum Cineplex

PJ’s Coffee expands to Vietnam

Zara Vietnam flagship nearly ready

Vietnam’s Vingroup snaps up local grocery chain

Marks & Spencer Vietnam opens second store