TOKYO — Japanese trading house Itochu has begun full-scale sales in Japan of plant-based frozen precooked “chicken” products from Thailand’s biggest conglomerate, Charoen Pokphand Group. In cooperation with Itochu group company Prima Meat Packers and other partners, Itochu is selling the plant-based chicken, including nuggets and Japanese-style cutlets, at supermarkets and online shopping sites, through which…
Although luxury brands are still coming to Vietnam, the expensive facades of the central streets of Ho Chi Minh City have been empty at an unprecedented level over the past three years, and the omnichannel sales method is now being favoured. Le Loi, the most central street of District 1 in Ho Chi Minh City,…
Parkson Vietnam, an indirect wholly-owned subsidiary of Parkson Retail Asia, has filed for voluntary bankruptcy with the City People’s Court in Ho Chi Minh City after 18 years in the market. The company cited a long history of operational losses in the market and lack of support from landlords during the Covid-19 outbreak as the…
By Anna J. ParkLocal Korean private equity companies are increasing their investment in Southeast Asia venture capital businesses, as they see further growth potential in the region.Vietnam, in particular, is one of their favored areas. Korea-headquartered STIC Investments recently decided to participate in the Series E round investment for Tiki, one of Vietnam’s largest e-commerce…
Continent Assets Management Co., Ltd, PLMP Venture Capital Co., Ltd, PropNex Cambodia Co., Ltd and Ly Ly Kampong Seila Special Economic Zone Co., Ltd signed a memorandum of understanding (MOU) on November 17th 2021, to join strategic cooperation in designing new investment companies for fintech hub projects in Sihanoukville City under the honorable presences of Governor Kuoch…
HCM CITY – The Vietnam online food delivery trend has seen robust growth since the COVID-19 outbreak began, and this is likely to continue through this year given Vietnamese consumers’ cautiousness, Peter Christou, commercial director of Kantar Worldpanel Vietnam, has said. There was rapid adoption of online food delivery by Vietnam consumers, food and beverage businesses…
The rise of online shopping is driving demand for cold storage facilities in Vietnam, a segment that is severely short of supply around the world. Research firm Forrester forecasts online shopping in Asia-Pacific will grow by 30 per cent annually by 2024. Trang Bui, senior director of markets, JLL Vietnam, said the seafood export sector occupied…
The capital city is facing a surge in vacant retail space, a figure that has been expanding over time but with the onslaught of food delivery apps and e-commerce, and the ongoing risk of Covid-19, how will it all pan out? A while ago, businesses started to disappear from WB Arena, a sprawling $10 million…
With the recent release of the Google e-Conomy SEA 2020 Report on investment trends in Southeast Asia, investors are cautious, yet optimistic, about the financing scene. One example of continued growth is in Vietnam. While already burgeoning in 2019 with $362.5 billion USD in investments, the country has remained relatively stable with funding in the…
Vietnamese ecommerce startup Lozi, operator of the Loship app, announced it has raised a bridge round of financing led by Singapore-based Vulpes Investment Management. The round was joined by Saudi Arabia-based Daal Ventures, Wealth Well, Nigerian VC firm Eucagi Ventures, KI Group, and Moje Akhbari, former managing director for Starbucks Greece and Cyprus. Founded in…
