Magazines Archives - 2008 November

Saigon Co.op on track to open 100 stores by 2015
Story 12 - News

SAIGON UNION OF TRADING COOPERATIVE (or Saigon Co.op), Vietnam’s No.1 retailer based on the Retail Asia-Pacific Top500 rankings, is on track to open up to 100 stores in 2015 countrywide.

In response to a questionnaire sent by RETAIL ASIA, Tran Thi Kim Quyen, the group’s general manager of retail support division, said: “Although there is an economic slowdown in the region and the world, the [situation in] Vietnam is getting better, with efforts to control the inflation from the government now coming to effect.”

Vietnam is set to open up its retail market next year in line with its commitment to the World Trade Organisation.

With Vietnam being considered the most attractive market for retail investments globally, Tran expects competition in the industry to steepen.


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2008 Nov Stories:

Holiday sales: How much of this will be washed out by the economic storm?

Developers leading green-mall movement in Singapore

The NRA Show remains important as dynamic industry event

Top retailers feted at awards ceremony and gala dinner

Retail developers at ICSC Asia Expo pin hopes on Asian markets

Harvey Nichols boosts MAP’s status as retail powerhouse in Indonesia

Auric Pacific raises stake in Food Junction to boost industry presence

Orchard Central goes Med

US JCPenney launches Australian online portal

ViVOtech extends expertise technology to NFC public trials in Singapore

Elizabeth Arden brings Juicy Couture to Asia

Saigon Co.op on track to open 100 stores by 2015

Takashimaya, H2O Retailing to merge by 2011

bulthaup’s new clean line of furniture shies away from the trendy

Lotte growing aggressively through global acquisitions

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