Central Retail records 10% sales growth during Vietnamese New Year Festival

Vietnam has also experienced growth of 6.3% in the retail sector.

Central Retail Vietnam, a subsidiary of Thailand-based conglomerate Central Retail, has posted a 10% growth from strong sales during the Vietnamese New Year Festival (Tet).

This is an increase from last year, prompting Central Retail Vietnam to expand its business and open more outlets.

The growth of sales represents the overall performance within the Vietnamese market, wherein a 6.3% progress is projected, thanks to the expansion of the export sector and investment from both public and private sectors, especially from trading partners China and the United States.

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“Central Retail Vietnam is committed to growing our business. Along with creating sustainability for all sectors. Reinforcing being a Platform of Trust that all consumers and business partners in Vietnam continually place their trust and trust in,” Yon Phoksap, CEO of Central Retail Corporation Public Company Limited (CRC), said.

Currently, Central Retail Vietnam has widened its scope, opening three new branches of GO! hypermarket and a GO! shopping centre and investing in Mini GO! to cater to the secondary market of Vietnam.