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Vietnam retail store (modern trade) status 2020

Vietnam’s retail store landscape has changed drastically. Although there are more modern trade stores, we see the turmoil as some increased their store numbers while others face restructurings

Vietnam retail store (modern trade) status 2020
Vietnam retail store (modern trade) status 2020

The Gioi Di Dong, Dien may Xanh, Bach hoa Xanh, all under Mobile World Investment Joint stock comany has expanded its stores nation-wide

Uniqlo opened its first store in Vietnam in 2019. Now Japanese retail giant has the shops both in HCM and Hanoi

GS25, Korean CVS chain, has started its franchisees. They aim at opening 2500 stores nationwide in 10 years

Vingroup announced the reorganization plan that include Vinmart and VinEco to be taken over by Masan group. Masan will close 100-300 Vinmart+ while opening 10-30 new Vinmart. It also announced the shutdown of VinPro, their electronic chain business

Vietnam restaurant chain Mon Hue, along with sister chains such as Pho Ong Hung and 99 houses of Pho, has closed down

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Nationwide. Conducted on April 2020.

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