Vietnam

Da Nang will create a trade complex that includes a duty-free zone.

The market is expected to grow 9.1% annually. 

It will also open a factory in the US state of Virginia.

Retail sales in the country rose 20% in January.

Retail sales growth fell from 36.1% in September to 17.1% in October.

Spending is expected to increase by 7.3% year-on-year.

The 27 WIN stores are located in Hanoi and Ho Chi Minh City.

It launched in the market in 2018.

The firm wins at Retail Asia Awards 2022 with the Apparel Retailer of the Year - Vietnam trophy.

It plans to be to number one omnichannel platform in Vietnam.

The ‘Drugstore of the Year’ and ‘Health and Beauty Retailer of the Year’ Awards were presented to the firm, reflecting its commitment to protecting the health and well-being of all families in Vietnam.

Fitch Solutions noted the country already steered clear of the low base effects.

This follows a 1.8% YoY growth seen in 2021.

The jewellery brand will invest $100m for the building of the new facility.

They plan to open five to 10 stores annually.

The country’s tourism spending is expected to start recovering this year.