Central Group, the Thai retail giant is directing efforts to expand its supermarket chain Big C in Vietnam. The Central Group has made plans to build new shopping malls and also renovating 13 out of 34 Big C’s supermart stores to larger and/or high-end retail centers. The revamp has commenced and is expected to be completed by the end of 2021. The estimated cost for these renovations are said to be around USD 30 million.
Last year, Central Group announced an investment of USD 500 million in Vietnam for the master plan to be implemented over the period 2017-2021. Currently, the group owns 34 Big C supermarkets, 10 convenient stores and 39 Nguyen Kim center – an electronics retail unit of Central Group in Vietnam.
Big C also announced a ‘temporary’ halt to local garment procurement to review over 200 suppliers. They will select highest quality products for their new plans for domestic market as well as export.
(Source: Inside Retail Asia)