The venture between Vietnam’s Saigon Co.op and Singaporean retailer NTUC FairPrice last Friday opened the first hypermarket Co.opXtra Plus which is located on National Highway 1A in HCMC’s Thu Duc District. Co.opXtra Plus Thu Duc, which requires an estimated cost of some VND200 billion and occupies 15,000 square meters on a total area of 2.1 hectares, features some 50,000 items. Besides essential... 

Prices of many products had returned to normal pre-Tet levels as of Sunday, the eighth day of the Lunar New Year, but the popular food items or those for worship rituals are still expensive. At some of HCMC-based markets like Ba Chieu in Binh Thanh District, Cay Thi in Go Vap District and Vuon Lai in District 12, prices of beef, shrimp, crab, squid, mackerel and a number of fruits such as custard-apple,... 

The Ministry of Industry and Trade has just mapped out a fast-track growth plan for modern shopping facilities comprised of supermarkets and commercial centers with an aim to have some 1,500 such facilities nationwide by 2020. Under the plan, modern shopping facilities rather than traditional markets will be the main channel for boosting retail sales. The retail growth at modern shopping facilities... 

Dong Hung Co., the owner of supermarket chain Citimart, has taken back all premises from Wellcome supermarkets in Vietnam as the deal between them has expired. Nguyen Thi Anh Hoa, director of Dong Hung Co., said three Wellcome supermarkets – one in HCMC, one in Kien Giang Province and one in Can Tho City – have been converted into Citimart supermarkets. Giant South Asia Vietnam under Hong Kong-based... 

After gaining positive achievements thanks to the Sales Promotion Month in September, supermarket chains in HCMC keep launching other discount programs in an effort to woo local consumers in the current tough conditions. Speaking to the Daily, representatives of many retailers affirmed that they will continue launching promotions this month to lure customers. Nguyen Phuong Thao, director of Maximark... 

Local consumers have been turning to shopping at supermarkets rather than at traditional marketplaces these days to enjoy incentives offered during the Sales Promotion Month at these stores. Speaking to the Daily, representatives of many supermarkets said purchasing power at their systems has sharply picked up during the first half of this month compared to previous months. Sales of Co.opMart... 

Supermarket chain operator Lotte Vietnam on Wednesday submitted a proposal to the HCMC government to raise its chartered capital by US$55 million to expand its retail network in the country. The company also announced its decision to buy the remaining 20% of its Vietnamese partner Minh Van Company to become a 100% foreign-invested company in Vietnam. Lotte also has plans to inaugurate two retail... 

E-Mart, a leading retailer from South Korea, and its Vietnamese partner U&I Investment Group have delayed opening their first supermarket facility until the middle of next year. Mai Huu Tin, chairman of Binh Duong Province-based U&I investment Group, says the two sides have yet to decide on a location for the first store after signing a joint venture contract last year. This has led to problems... 

Saigon Co.op, owner of the Co.opMart supermarket chain, last week opened a supermarket in the northern port city of Haiphong, which is its third supermarket in northern Vietnam after the ones in Vinh Phuc Province and Hanoi City. Co.opMart Haiphong has a total area of nearly 10,000 square meters and an investment of VND100 billion. Located at 1 Le Hong Phong Street in Ngo Quyen District, Co.opMart... 

Big C supermarket chain has registered to join the price stabilization program in HCMC with pork and a number of goods bearing its own brands available on shelves. According to Le Ngoc Dao, deputy director of the city’s Department of Industry and Trade, Big C has sent its registration form to the department, saying it wants to take part in the program with pork and Wow-labeled products as its...