Central Retail invests US$1.45b in Vietnam operations

The company plans to generate some US$4.3b in sales by 2027.

Central Retail invested THB50b, approximately US$1.45b, in Vietnam as it aims to become a market leader.

“Central Retail sees Vietnam as a high-potential key market that has shown continuous economic growth. We first entered the market as a fashion retailer with only a few branches, and since then have been expanding our business in Vietnam for 11 years,” Yol Phokasub, Chief Executive Officer of Central Retail or CRC, said.

“Today, Central Retail Vietnam has more than 340 stores with a retail space of over 1,200,000 square meters across 40 provinces which covers 85% of Vietnam’s GDP. The company has achieved leaping growth from THB 300 million in 2014 to THB 38,592 million in 2021.”

With the new investment, Central Retail targets achieving a total of THB150b (US$4.3b) in sales by 2027.

Central Retail also plans to double the number of its stores to 600 across 57 of Vietnam’s provinces.

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