Central Retail may inject US$1.45 billion to expand Vietnamese operations
The Thai retail giant plans to expand the local network to 600 stores from 340 by the end of 2027.
The Thai retail giant plans to expand the local network to 600 stores from 340 by the end of 2027.
Vietnam is considered an important strategic hub that supplies raw materials and products to Central Retail in Thailand.
Vietnam is forecast to become one of the fastest and most attractive markets in the world.
In the next 10 years, Vietnam will position itself as a major supply for global retailers in the Southeast Asian region.
The “Made in Vietnam” goods week is expected to stimulate domestic consumption of local products in the campaign “Vietnamese buy Vietnamese goods.”
Made-in-Vietnam Goods Week aims to promote the campaign "Vietnamese buy Vietnamese goods."
The retailer intends to expand presence to 55 of Vietnam's 63 provinces and nationally run cities, up from the current 39.
In five years, Vietnam’s contribution to total revenue of Central Retail, a subsidiary of Central Group, is predicted to rise from the current 17% to 25%.