Central Retail to invest $870 million in Vietnamese retail market

July, 11/2022 - 15:00

Central Retail will invest VNĐ20 trillion (US$869.6 million) in the Vietnamese retail market in the next five years to boost business results to VNĐ65 trillion.

Central Retail Việt Nam's trade centre and hypermarket GO! Lào Cai. — Photo courtesy of Central Retail Việt Nam

HCM CITY — Central Retail will invest VNĐ20 trillion (US$869.6 million) in the Vietnamese retail market in the next five years to boost business results to VNĐ65 trillion.

In the next five years (2022 - 2026), Central Retail Việt Nam also aims to become the No. 1 multi-channel platform in the field of food and trade centre business.

It also targets to double its revenue from omnichannel platforms to 15 per cent, while expanding development in 55 out of 63 provinces and cities in the country.

Central Retail aims at three key strategies that are consistent with CRC Retailligence's business strategy to achieve growth goals.

The group will expand and strengthen core business; become a retail pioneer in the digital era, create new growth drivers and seize new opportunities. — VNS

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