Market Chatter: Central Retail Plans $1.5 Billion Vietnam Expansion
Central Retail (SET:CRC) plans to invest $1.5 billion in the next three to five years to expand its Vietnam network by about 50 outlets, The Nation reported, citing executives at a press briefing.The investment is part of parent Central Group's planned $3.5 billion spending in Vietnam across retail, property and hospitality, the report said.Central Retail currently operates more than 300 stores across 26 of Vietnam's 34 provinces.The remaining $2 billion will fund Central Pattana's (SET:CPN) property projects and Centara's hotel expansion through joint ventures, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
