Thailand's Central Group is planning to spend 200 billion THB on expanding domestic and overseas retail networks and hotels in the next five years, with Vietnam named as a prioritised market.
Hanoi (VNA) - Thailand's Central Group is planning to spend 200 billion THB (around 6.3billion USD) on expanding domestic and overseas retail networks and hotels inthe next five years, with Vietnam named as a prioritised market.
The group hasset a target of 397.3 billion THB (12.6 billion USD) in revenue this year. Itis estimated that the proportion of the Vietnamese market in the group’srevenue structure would grow from 13 percent to 20 percent in the next fiveyears.
The CentralGroup is now the biggest retailer in Vietnam, owning 31 supermarkets (Big C),59 food stores (Big C, Lanchi Mart), 49 clothing boutiques (Robins, DELALA,Supersports, Marks & Spencer), 79 stores for building materials, homedecoration and electronic devices (Nguyen Kim, B2S), and three e-commercewebsites (nguyenkim.vn, robins.vn, and B2S.com.vn).
The conglomerateexpects to increase its total stores to 735 by 2022, which will span 2.5million square metres of retail space in 57 Vietnamese provinces andcities.-VNA
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Illustrative photo (Source: VNA) 
