Suffering strong losses due to its inappropriate retail concept for the Vietnamese setting, Malaysian retail giant Parkson Retail Asia is looking to dispose of its store in the port city of Haiphong.
Khmer Fresh Milk Co Ltd plans to supply the Cambodian dairy market with 100 per cent local high-quality products under strict hygiene standards, co-founding partner Chy Sila told The Post on Wednesday.
Under the management of Masan, hundreds of VinMart+ convenience stores will be closed this year.
Vinamilk plans the opening of further Hi-Café stores this year, unimpressed by the recent downsizing of the Soya Garden chain, one of its competitors.
Big C Mien Dong, a long-standing supermarket in Ho Chi Minh City now run by Thailand’s Central Group, will be closed this month over retail space rent issues.
The closing of hundreds of Mobile World stores across the country during COVID-19 has made the electronics retailer's after-tax profit drop by 45 per cent in April.
Once JCPenney files for bankruptcy, hundreds of textile and garment stores, including those in Vietnam, will have to cease and desist orders.
While most stores have reopened after the health crisis, some of them have gone out of business while others had to downsize their chains.
Despite closing a lot of stores due to the pandemic, PNJ reported a decrease in both revenue and profit for the first four months, with some losses in April.
Phu Nhuan Jewellery JSC (PNJ) has reported its revenue in April dropped 47 per cent on-year to VND501 billion (US$21.5 million).