Connect with us

Vietnam

Robinson to launch new store in Hanoi

The Central Group of Companies, Thailand’s largest retail conglomerate, is expanding its presence in Vietnam with next month’s launch of a Robins Department Store aimed at local shoppers.

Published

on

The Central Group of Companies, Thailand’s largest retail conglomerate, is expanding its presence in Vietnam with next month’s launch of a Robins Department Store aimed at local shoppers.

Chief executive Tos Chirathivat said the development follows the group’s successful launch of SuperSports, Crocs and New Balance stores in Vietnam through a distribution network of its subsidiaries.

Moreover, brand licensing to Vietnamese partners has highlighted the spending power of the country’s 90 million residents, with more than 60% belonging to a workforce with high purchasing power.

“This makes Vietnam a target market with high potential for growth and an excellent destination for investors in the retail sector,” Mr Tos said.

The first Robins store, which will also be the group’s first international branch, will open in Hanoi next month.

Robinson Department Store Plc is overseeing the Vietnamese department store’s operation, said president Alan Thomson.

A second Robins store in Ho Chi Minh City will be opened by the end of 2014. The two stores will together hire 1,000 workers.

The Hanoi store will occupy 10,000 square metres of retail space in Royal City, a modern megamall with 200,000 sq m of space and 5,000 residential units.

via Robinson heads to Vietnam | Bangkok Post: breakingnews.

Click to comment

Leave a Reply

Vietnam

Vietnam: Manufacturing to remain the key driver of growth

We expect robust exports, led by strong global demand for electronics, to continue to underpin solid economic growth over the remainder of this year with GDP forecast to rise close to 8%.

Published

on

Vietnam’s Binh Dinh Industrial Zone: Opportunities for Foreign Investors

GDP growth was unchanged at 4.5% y/y in Q1. Manufacturing activity surged, while the recovery in service sector activity and construction continued albeit at a more subdued pace as some localised social distancing measures were reinstated.

(more…)
Continue Reading

Vietnam

Vietnam Lao Cai popularises Sa Pa-Fansipan tourism trademark

Published

on

 Lao Cai (VNA) –The northern mountainous province of Lao Cai has built a strategy to popularise the Sa Pa- Fansipan tourism trademark till 2025 with a vision to 2030.

(more…)
Continue Reading