Local telcos are ramping up outbound investments with big targets. In 2012, military-run telecom group Viettel will strive to achieve over 50 per cent revenue growth in foreign markets parallel to setting footholds in four highly populated new countries. This would mean by the end of 2012, the total population in Viettel’s overseas markets could double Vietnam’s population. In 2011, it raked in... 

Metro Cash & Carry has seen its business growing beyond expectation over the past 10 years of operation in Vietnam. The German wholesaler is on track for its business expansion plan, with wholesale stores opened in different locations to penetrate the fast growing distribution market. When starting business in Vietnam in 2002, the German-invested wholesale chain operator planned to establish... 

The fizz has gone out of food and drinks giant San Miguel Group’s water and juice operations in Vietnam and it is throwing in the towel. The company’s local subsidiary, San Miguel Vietnam is winding up operations at its 10 hectare factory at southern Dong Nai province’s Amata Industrial Park just nine years into a 40-year lease, according to the Dong Nai Industrial Zones Authority (DIZA). San... 

Japan’s Aeon retail group is entering the Vietnamese market with a shopping and entertainment centre in Ho Chi Minh City. Aeon’s centre will be located in Tan Phu district’s 82.5 hectare Celadon City, the urban complex is developed by Tan Thang Saigon Commerce Real Estate Investment, a joint venture between Sacomreal and Malaysia-based Gamuda Land Corp. Aeon’s $100 million centre will cover... 

Vietcombank and Viettel have launched Mobile BankPlus, which enables Viettel’s mobile subscribers to bank with Vietcombank via mobile devices since January. Specifically, Viettel’s customers can transfer money from one account to another within Vietcombank, top up or pay your phone bills and view their Vietcombank account balance and transaction details. Customers can manage and use their banking... 

Ford Vietnam on Thursday announced its full-year sales for 2011 jumped 34% year-on-year to nearly 8,700 units, representing Ford’s all-time best annual performance in Vietnam. The record sales helped drive Ford’s overall market share up to 6.3%, its highest full-year share since 2007, said Laurent Charpentier, managing director of Ford Vietnam, at a press briefing in HCMC on Thursday. Ford finished... 

C.T Group, known for its many huge property projects on the local market, on Wednesday signed a strategic cooperation agreement with South Korea-based CJ Group in the sectors of entertainment, retail and logistics. The cooperation will enable two sides to exploit their huge potentials in these sectors in the upcoming time, marking a new stage of development for both sides. CJ Group is a giant firm... 

Wholesaler Metro Cash & Carry (Metro) Vietnam on Saturday signed agreements with Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and Visa Worldwide Pte Limited to allow customers to pay by debit and credit card. With the agreements in place, the Metro Cash & Carry stores in Vietnam will accept local debit cards (or ATM cards), and international debit and credit cards... 

Hitachi Transport System Ltd plans to enter the logistics business in Vietnam as it looks to capitalize on rising consumer spending in the country, the Nikkei business daily reported. The company, a unit of electronics maker Hitachi, will on January 1 launch a third-party logistics business through a joint venture set up in November with a local consulting firm, the paper said. The joint venture will... 

Saigon Co.op said its Co.opMart supermarket chain would open one hour earlier and close an hour later than normal days during the peak time before Lunar New Year (Tet) holiday this year. In particular, the supermarkets will open until 11 pm from January 12-17, and until 12 am from January 18-20. Especially, 23 Co.opMart supermarkets in HCMC for the first time will open overnight from 7am on January...