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Foreign Retailers to move in on Vietnam

HCM City (VNA) - The German-based Metro Cash & Carry said it plans to expand its wholesale-retail network from five to 12 soon. France’s Big C is set to open more outlets and the Republic of Korea (RoK)- based Lotte Mart Group will soon launch its 2nd supermarket in HCMC. GS Retail (RoK), plans to open 10 shopping centers in Binh Duong province in the next 2 years. But while foreign enterprises are scrambling to expand their presence in Vietnam, local rivals appear to be lax. see more