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Magazines Archives - 2007 August
Vietnams retail scene abuzz with developments
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BOURBON HAI PHONG in Vietnam has been licensed to set up a Big C supermarket in Da Nang. The outlet at Vinh Trung Plaza will offer 30,000 products, with 95% from local manufacturers. The supermarket is scheduled to open by end-October this year, said local media reports.
Meanwhile, four leading retailers Hanoi Trading Corp, Saigon Trading Group, Saigon Co.op and Phu Thai Group have formed an alliance to establish the Vietnam Development Association (VDA). According to the Saigon Times Weekly, VDA will invest an initial VND1.5 trillion (US$943,515) to set up warehouses, hypermarkets, commercial centres and forwarding services. Another VND3.6 trillion will be invested in supermarkets, wholesale centres and other commercial activities.
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