Central Group to expand investment in Vietnam
Thursday, March 22,2018
AsemconnectVietnam - Thailand's Central Group is planning to spend 200 billion THB (around 6.3 billion USD) on expanding domestic and overseas retail networks and hotels in the next five years, with Vietnam named as a prioritised market.
The group has set a target of 397.3 billion THB (US$12.6 billion) in revenue this year. It is estimated that the proportion of the Vietnamese market in the group’s revenue structure would grow from 13% to 20% in the next five years.
The conglomerate expects to increase its total stores to 735 by 2022, which will span 2.5 million square metres of retail space in 57 Vietnamese provinces and cities.
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