Central Group

Update news Central Group

While Central Group made it into the top 10 retail companies in Vietnam, while major local competitors also reported steady growth in 2019.

Vietnamese enterprises at risk of being acquired by foreign firms

Nguyen Kim home appliance distribution chain has been acquired by Central Retail of Thailand. 

COVID-19 drags Central Group down?

No emergency measures to deal with the health crisis by Central Group can balance out a compulsory temporary closure.

Vietnamese businesses led retailers’ game in 2019

Many M&A deals in the retail market were made in 2019, but unlike previous years, Vietnamese groups ‘conducted the choir’.

Nguyen Kim completely bought by Thailand's Central Group

Once the first and the largest distributor of home appliances, Nguyen Kim has lost its market share as its rival expanded too rapidly.

Vietnam’s retail pie sweet but hard to get: JLL

As one of the most dynamic economies in the region, Vietnam’s young retail market has great potential as it is increasingly more competitive and attractive to foreign investors.

VN retail businesses need to develop their own brands

Local retail businesses should focus on developing their own brands, improving the product quality and diversifying products in order to enhance their competitiveness in the domestic market.

Big C pledges to resolve buying issue

Big C Vietnam has suspended local purchase of garments but insists it is only a temporary measure and will not pull out of the local apparel...

Big C ends the stocking of Vietnamese garments

The Ministry of Industry and Trade wants to work with Big C and the Vietnam Textile & Apparel Association to find out the reason why Big C has announced an end to the sale of local textile and garment products.

 

Local apparel suppliers object to Central Group’s disrupted purchase

Hundreds of laborers and their apparel firms on July 3 gathered at the HCMC-based representative office of Central Group to oppose the group’s suspended purchases of Vietnamese textiles and garments.

Central Group targets pouring more money into Vietnam

The Central Group from Thailand has poured money into supermarkets, home appliance distribution chains, hotels, fashion shops, export and wholesale, and is developing 160 shops/supermarkets. 

Home appliance retailers gear up in race to expand

Not only are they expanding networks by setting up new shops, home appliance chains are also trying to change their business models and increase online sales in an effort to get bigger market share.

Figures show how foreign retailers are conquering Vietnam's market

VietNamNet Bridge - Thai, Japanese, American and French retail giants are speeding up their plans to conquer the Vietnamese market.

Who will follow The Gioi Di Dong's departure out of Big C?

VietNamNet Bridge - The Gioi Di Dong (Mobile World), the largest mobile phone distribution chain, shut down its 22 shops at Big C Vietnam after the retailer fell into Thai hands. Cdiscount, an e-commerce website, will stop operation from December 31.

Will FPT Shop fall into Thai or Japanese hands?

VietNamNet Bridge - Sources say that FPT Shop, which has announced that it is seeking investors, has met foreign partners who are well-known in the business world. 

Keeping Vietnam, Thai trade eyes looking skyward

Despite some bumps, Vietnam-Thailand economic relations are looking up, said Mr SananAngubolkul, President of the Thailand-Vietnam Business Council (TVBC) during a recent interview with a VOV reporter.

Taxation agency ready to collect tax from Big C transfer deal

VietNamNet Bridge - Though the taxation agency has not received official reports about the Big C Vietnam transfer deal from involved parties, it is ready to work with the parties on collecting the tax. 

When did Thai companies begin entering the Vietnamese market?

VietNamNet Bridge - The phrase ‘Thai wave’ has been used recently as a series of Thai billionaires have announced the acquisition of retail chains in Vietnam. 

What can Thai's Central Group expect from Vietnam?

VietNamNet Bridge - Spending billions of dollars in Vietnam, the Central Group is a powerful conglomerate. However, earnings from the business in Vietnam remain in question.

The ‘Thai goods’ era’ has arrived

VietNamNet Bridge - Vietnamese manufacturers’ biggest rival is Thailand, experts say. The country exports a wide range of goods, from chicken to slippers, from cosmetics to electric cookers.