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Vietnam retailers win Asia-Pacific awards
Ten Vietnamese businesses have been selected to receive a Retail Asia-Pacific Top 500 Award to be presented on Oct. 15 in Seoul.
The golden prize for Vietnam was awarded to the Sai Gon Union of Trading Cooperatives (Sai Gon Coop Mart) which has 40 super markets in HCM City and southern provinces. Last year, it posted a revenue of more than 6.16 trillion VND (346 million USD).
Silver went to the Sai Gon Jewellery Holding Company (SJC), with a revenue of 4.5 trillion VND (252 million USD), and bronze to the Phu Nhuan Jewellery Joint Stock Company, with a revenue of more than 3.9 trillion VND (219 million USD).
The annual awards, which are selected by Singapore ’s Retail Asia Magazine, have been held since 2004 and are based on surveys conducted by market research group Euromonitor International.
They honour 500 retailers in Australia, mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, the Republic of Korea, Thailand, Taiwan and Vietnam.
The magazine ranks the top 500 on their numbers of retail outlets and sales, market share and ability to develop. The top companies in each country get gold silver and bronze awards.
Last year, Vietnamese retailers Sai gon Co-op, SJC and Sai Gon-Nguyen Kim Trade Centre received awards.
Vietnam remains among the world’s most attractive retail markets. Last year, retails sales reached 45 billion USD and are expected to exceed 50 billion USD next year.
A recent survey by Grant Thornton Vietnam showed retail remained the most attractive industry in Vietnam in terms of investment and prospects.
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