aeon looks to turn on retail charm

Aeon looks to turn on retail charm

Japan’s Aeon retail group is entering the Vietnamese market with a shopping and entertainment centre in Ho Chi Minh City.
retail value climbs by 242 per cent in 2011

Retail value climbs by 24.2 per cent in 2011

The value of retail sales and services enjoyed a year-on-year increase of 24.2 per cent to VND2,004 trillion ($95.5 billion) in 2011, announced the General Statistics Office (GSO).
seeing brightness amid the gloom

Seeing brightness amid the gloom

Craig Wallace, manager of DTZ Vietnam, offers his perspective on Ho Chi Minh City’s real estate sector
spains ailing retailers slash prices to lure shoppers

Spain's ailing retailers slash prices to lure shoppers

Spanish retailers are offering deep in their post-Christmas sales to try to get cash-strapped shoppers to open their wallets as a sharp drags painfully on.
volumes gather momentum

Volumes gather momentum

Put-through transactions among major investors continued strongly, while retail investors were highly discouraged.
parkson polishes its profile to focus on northern market

Parkson polishes its profile to focus on northern market

Parkson has become the leading retail and distribution investor in northern provinces with the recent opening of its biggest department store in Hanoi.
local banks need to play top game

Local banks need to play top game

Local banks need to spruce up their act or risk an exodus of retail customers to foreign banks.  
christmas belt tightening in crisis hit europe

Christmas belt-tightening in crisis-hit Europe

Europeans are tightening their belts and spending less on Christmas gifts this year as they struggle with incomes hit by or fear the economy could worsen in 2012.
vietnam to expand modern retail system

Vietnam to expand modern retail system

The Ministry of Industry and Trade wants to move the nation away from traditional markets to a modern retail distribution system, accounting for 40 per cent of the total retail trade by 2020.
skorea group pays 88 mln for liz taylor diamond

S.Korea group pays $8.8 mln for Liz Taylor diamond

A major South Korean retail group said Thursday it was the buyer of a 33-carat diamond once owned by that was auctioned for more than $8.8 million in New York this week.
asean banking forum opens in ho chi minh city

ASEAN banking forum opens in Ho Chi Minh City

The ASEAN Bankers’ Forum 2011 opened in Ho Chi Minh City on December 7 under the theme, “Retail banking: Identifying key successful factors and the role of technology in building competitive advantages”.
retail banking in focus

Retail banking in focus

The nation-level regional banking sector forum Asean Banker Forum will be held on December 7-8, at Ho Chi Minh City.
electronics retailer kesa to sell comet

Electronics retailer Kesa to sell Comet

on Wednesday said it had agreed to sell its loss-making retail arm for a nominal fee of £2.0 to private-equity firm OpCapita.
indochina land in the headlines

Indochina Land in the headlines

Indochina Capital’s real estate division, Indochina Land, was recognised as the Best Developer and Best Investment Manager in the seventh annual Euromoney magazine Real Estate Survey, ranking first in residential, retail, office and leisure categories.
a reshuffled deck key to winning hand

A reshuffled deck key to winning hand

Vietnam’s banking sector has enjoyed a boom time in recent years, but low asset quality and a particularly high ratio of non-performing loans, has triggered great concern, writes Vietcombank Securities analyst Quach Thuy Linh.