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Retail

Thailand's Central Retail leads rush of global retailers to Vietnam

Vietnam's exceptional economic growth draws retailers of all stripes

The Go! hypermarket, pictured here in Vietnam's Lao Cai province, is one of several chains Central Retail operates in Vietnam. (Photo courtesy of Central Group)

BANGKOK/HANOI -- Thailand's Central Retail plans to more than double its footprint in Vietnam, joining the long line of retail multinationals expanding their presence in a promising market with a wide margin for growth.

The main retail arm of Thai conglomerate Central Group recently revealed plans to spend 30 billion baht ($790 million) to expand its network to at least 710 stores by 2026 from about 340 currently.

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