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Update news Big C
It is 80 percent possible that Big C will be taken over by investors from Thailand, as Metro Cash & Carry has also been sold to a Thai group, BJC, according to Vu Vinh Phu, chair of the Hanoi Supermarket Association.
Big C has always been listed among the biggest taxpayers since it began operation in Vietnam 17 years ago, while Metro repeatedly has reported losses. However, this does not mean Big C is more valuable than Metro.
The ‘pure shopping mall’ has lost its position amid the strong rise of ‘shopping mall complex’, or ‘one-stop shop’. Experts believe that ‘one-stop shops’ will be dominant in the retail market in the future, especially in large cities.
VietNamNet Bridge - Groceries still comprise 80 percent of Vietnam’s fast moving consumer goods (FMCG) sales, which shows they remain the most popular and powerful retail channel in Vietnam.
Vietnam's growing retail sector has resulted in a boom in personnel demand, with competition heating up to attract and retain qualified staff.
As the market scale of the cooking oil industry has reached $1.37 billion annually the industry is now attracting a lot of corporations from different fields such as confectionery, real estate, and supermarkets.
Having 130 operational shopping malls, 700 supermarkets and over 1,000 convenience stores, the Vietnamese retail market has been dominated by the three biggest names Co-op Mart, Big C and Metro.
The dispute between a Vietnamese company - Giang Son JSC, and a foreign invested supermarket chain Big C, on the brand “Ga doi Yen The” (Yen The chicken) has brought the initial result temporarily in favor of the business.