Vietnam’s Vincom shifts focus from expansion to upgrades
Inside Retail
MAY 3, 2023
The slowdown in openings is understandable after a breathtaking four-year period from 2015-19 when Vincom opened more than 50 malls. This situation will now take time to unwind, since better retailers are squeamish about opening a lot of stores with e-commerce so strong and spending power in secondary locations still weak.
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