Nguyen Kim

Update news Nguyen Kim

Vietnamese enterprises at risk of being acquired by foreign firms

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

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.

Thailand’s Central Group completes acquisition of Nguyen Kim

After five years of holding a 49% stake in Nguyen Kim Trading JSC, Thailand’s Central Group has now taken full control of the local firm's home appliance store chain, as confirmed in its recent financial reports.

 

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.

In Vietnam, home appliance centers’ golden age is over

Many home appliance shops have had to sell food, medicine, watches, and glasses and join forces with partners to sell more products, because the profit from their core businesses has been insufficient.

Digital device distributors march toward rural areas

VietNamNet Bridge - Rural areas, which digital product retailers have ignored in the last five to seven years, have now become a major ‘battlefield’.

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.

Seven more Big C supermarkets planned for this year

Thailand’s Central Group and its Vietnamese partner Nguyen Kim Group are working on a plan to open seven new Big C supermarkets this year after they completed procedures to take over all Big C assets in the country.

Electronics & refrigerator retail market still promising

VietNamNet Bridge - It is expected that the spending on electronics and refrigeration products in Vietnam will reach VND157 trillion a year by 2020, including VND60 trillion on the former and VND97 trillion on the latter.

Manufacturers fear loss of household product market to foreigners

VietNamNet Bridge - The majority of Vietnamese are fond of foreign-made products, causing obstacles for Vietnamese household goods manufacturers. 

Home appliance distribution chains in a rush to seek foreign partners

VietNamNet Bridge - As the competition in the market has become ‘scorching hot’ in the last three years, many home appliance distributors have decided to join hands with foreigners to receive support from powerful partners.

The unknown facts in the purchase of Nguyen Kim

How much does the Central Group have to pay to acquire Nguyen Kim? Why has the Thai investor accepted to buy only 49 percent of Nguyen Kim’s shares? Both questions remain unanswered.