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Wednesday, March 29, 2023

CRC bullish on Vietnam

Thai retailer to invest 50 billion baht to expand its presence

Mr Yol, right, and Mr Langlet unveiled Central Retail’s five-year strategy for 2023-27 for the Vietnam market at a press conference.

Central Retail Corporation (CRC), Thailand’s biggest retailer, has unveiled its largest investment in Vietnam, totalling 50 billion baht from 2023-27 to accelerate its market presence there.

According to chief executive Yol Phokasub, CRC sees Vietnam as a high-potential market that posted continuous economic growth. With CRC’s strong foothold in the country, it set a five-year roadmap to continue its expansion there, allocating 50 billion baht over a five-year period.

CRC invested more than 10 billion baht…

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