Zara, HM to open HN stores in November
Tuesday, October 17,2017AsemconnectVietnam - Global fashion brands Zara and H&M are gearing up to open their stores in Ha Noi in November, months after launching their first stores in HCM City.
H&M on Monday morning announced on its Facebook fanpage for Vietnamese that its first store in Ha Noi will open at Vincom Royal City, Thanh Xuan District, at 10.30am on November 11.
Its first store in Viet Nam opened at Vincom Dong Khoi, HCM City’s District 1, on September 1.
H&M is currently present in 68 markets worldwide with a total store count globally of more than 4,130. Viet Nam is the fourth market of the Swedish fashion retailer in Southeast Asia.
Besides opening physical stores, H&M is expanding online and targets to open eight new H&M online markets this year, which means online shopping will be available in 43 markets by the end of this year. The company plans that in the future online shopping will be available in all store markets as well as other markets.
Its largest global rival, Zara, last week also disclosed information about the opening of its store in Ha Noi in November at Vincom Ba Trieu.
This is Zara’s second store in Viet Nam, with the first one opened in September 2016, at Vimcom Dong Khoi in HCM City.
Zara’s online shopping service for the Viet Nam market has been available since April 5.
Zara, a brand of Spanish fashion retailer Inditex which also owns Pull&Bear, Massimo Dutti and Bershka, currently has more than 2,090 stores globally.
Property services firm Savills Viet Nam said with an average growth rate of 15 per cent, the fast fashion market would be the fastest-growing segment of Viet Nam’s retail market in the coming year.
The company estimated that some 200 foreign fast fashion brands are currently present in the country with huge retail potential, and more brands were expected in the future, such as Uniqlo and Forever 21.
According to the Viet Nam Institute for Trade, the country’s retail industry will grow on average at 11.9 per cent per year to reach a US$179 billion market by 2020 from $102 billion market in 2015.
Source: Bizhub.vn
Eximbank (EIB) target VND5,000 billion profit, up 34% in 2023
Business activities of banks in March 2023
Saigon Newport announced Tan Cang - Long Binh dry port and Organized the Customer Appreciation Conference in Dong Nai
VIB General Meeting of Shareholders: Approved the plan to pay 35% dividend, profit VND12,200 billion
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
2023 Nam A Bank (NAB) Annual General Meeting of Shareholders: List shares and expand overseas branches
Mobile World (MWG) plans to increase its profit slightly to VND4,200 billion in 2023
Masan (MSN) continues to attract foreign capital up to VND15,000 billion
Century Synthetic Fiber Coporation (STK) successfully approached USD52.5 million in syndicated loans
Hoa Sen AGM for the year 2022-2023 (HSG): HSG will be profitable in March, April and May 2023
Fitch Ratings first international credit rating with GAS at “BB”
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...