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Update news GS25
By buying rivals and expanding networks, Vietnamese retailers are dominating the domestic retail market.
VietNamNet Bridge - The total retail and consumption revenue in Vietnam saw positive growth, with the growth rate higher than GDP growth rate.
VietNamNet Bridge - 7-Eleven, which has been prospering in Thailand, and GS25, which dominates the South Korean market, still have not fulfilled their plans to expand retail networks in Vietnam.
The Vietnamese retail market, which had record-high revenue of $69.45 billion in the first half of the year, is witnessing a rush of convenience store openings.
VietNamNet Bridge - While many retailers have expanded their convenience store chains, others have had to scale down their networks because of ineffective operations.
VinaCapital has invested $32.5 million in Ba Huan, a poultry egg producer, while Kido plans to join forces with a Thai partner to make bottled milk tea and herbal drinks.