After closing some of its department stores in Hanoi within a two-year period, Parkson, a retail giant from Malaysia, has officially decided to leave the capital.
The Gioi Di Dong has had to close 22 stores at Big C shopping malls following the supermarket chain's recent acquisition by a Thai firm.
Japanese retail group Takashimaya will launch its first-ever trade center at the Saigon Center in Ho Chi Minh City on July 30, with investment of $25 million.
The Gioi Di Dong's electronics sales account for more than 28 percent of revenue9 foreign funds buy into Vietnam's top mobile retailer Vietnam's top mobile retailer to open food store chain: reports
It plans to open 200 stores in Vietnam over the next five yearsJapan's Aeon to open 4th megastore, eyes expansion in Vietnam Thailand's Central Group to slow down Vietnam acquisitions after Big C
With the $17 million deal, the 'Amazon of Vietnam' is now valued at $44.4 millionVietnamese firms expand online, target 41 million Internet users: reportStandard Chartered, Goldman Sachs back Vietnam
Central Group, which owns 49 percent of Nguyen Kim, bought the online fashion retailer's unit in ThailandThailand's Central Group acquires online fashion retailer Zalora in Vietnam: reportVietnamese
The deal is reportedly worth of $10 million Vietnamese firms expand online, target 41 million Internet users: reportRocket Internet to sell another e-commerce business in Vietnam: report
The Gioi Di Dong controls around 30 percent of Vietnam's mobile retail marketFrontier Vietnam eyes step up to emerging-market big leaguesThailand's Central Group buying e-commerce site Zalora's Thai