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Retail

Thai mall operator plots expansion across Vietnam

Central to operate in 55 of the country's 63 provinces

A Central-operated store in Vietnam: The Thai group is accelerating its expansion into the neighboring market. (Photo courtesy of Central Group)

BANGKOK -- Thailand's Central Retail plans a larger presence in Vietnam, looking to reach nearly 90% of the country's provinces in the next five years, as the company aims to reduce dependence on its home market.

Vietnam succeeded in containing the coronavirus early on, and suffered less of an economic blow from the pandemic compared with neighbors. Central Retail, an arm of Thai retail conglomerate Central Group, is eager to tap Vietnam's continued growth and economic potential.

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