Thailand’s CRC pour over 1.4 billion USD in Vietnam

Monday, 20/02/2023 18:15
Central Retail Corporation (CRC), the largest retailer of Thailand, has announced to pour 50 billion THB (1.45 billion USD) in Vietnam in the 2023-2027 period to accelerate its market presence in the country, according to the Vietnam News Agency.

Thailand’s CRC pour over 1.4 billion USD in Vietnam (Photo:

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

The Vietnamese retail market, valued 49.7 billion USD, is expanding 10-125 each year.

The CRC invested more than 10 billion baht to expand its retail business in Vietnam during 2012-2022. It has more than 340 stores with a total gross floor area exceeding 1.2 million square metres across 40 provinces.

Olivier Langlet, CEO of Central Retail Vietnam, said that the company recorded rapid sales revenue growth in the country, rising from 300 million baht (8.7 million USD) in 2014 to 38.6 billion (1.12 billion USD) in 2021.

He said that Vietnam's economy continues to grow despite uncertainties, with GDP growth expected to increase by 6.7% and 7.2% in 2023 and 2024, respectively, compared with 3.5% a year in Thailand over the next two years. This will make Vietnam Southeast Asia's fastest growing market, he said.

Central Retail Vietnam wants to grow its food business nationwide to reinforce its leading position in Vietnam's hypermarket segment by rebranding and renovating 10 GO! branches and expanding Tops market and Mini go! branches by adding 8-10 outlets to better serve the needs of local consumers, he said.

The company vows to strengthen its fresh food category and the non-food category to drive customer traffic via renovation, in addition to preparing for new branch launches in the future, he underlined.

He said the firm plans to renovate 10-12 branches of Nguyen Kim, an electrical appliance chain, and add 3-5 new branches, including stores in its GO! malls.

Korean musician brings Vietnamese beauty to the world

Joseph Kwon, a singer-musician from the Republic of Korea (RoK), has helped promote the beauty of landscapes, culture and people of Vietnam to the world through his music, Nhan dan (People) newspaper reported.


Kwon's songs and MVs introduce many famous landscapes of Vietnam (Photo:

First arriving in Vietnam in 2018, Kwon fell in love with the “S-shape” nation right at first sight, and started to nurture the idea of using his musical knowledge and skills that he acquired during his years of studying in the RoK and Italy to make musical works to show his love for Vietnam and introduce its beauty to the world.

To date, Kwon has presented nearly 10 works on Vietnam, including “Go Vietnam Go Go”, “Cha Ca or Peace”, and “Remember”.

Particularly, the song “Vietnam”, composed by Joseph Kwon in 2021, became a prominent topic on domestic media with more than 50 times broadcast on various Vietnam television channels.

In 2022, Kwon left strong impression on music lovers and the media of Vietnam and the RoK with two MVs “Waiting for you, 5,000 years” and “Butterfly flakes,” which were filmed from May 17 to July 12, 2022 at famous destinations of Vietnam such as Cuc Phuong National Park, Trang An, Tam Chuc, Ba Be Lake, Ha Long Bay, Ho Chi Minh City, Mui Ne, Sa Pa, Da Nang, Hoi An Ancient Town to mark the 30th anniversary of the Vietnam-RoK diplomatic relations.


Joseph Kwon (R) and singer Hyee Pham in MV “Butterfly flakes” (Photo:

With large numbers of followers of his Facebook page, Youtube channel and Tiktok account, the musician is working to build a musical bridge connecting Vietnam and people in his homeland and the whole world.

He said he hopes through his music, many of his friends will get to know Vietnam as a beautiful and attractive destination, and come to Vietnam to enjoy the cultural identity and hospitality of the country.

“I still want to live and stick with this place for as long as possible,” he stated.

7.4 trillion VND earmarked for rail infrastructure development this year

Six projects worth over 7.4 trillion VND (310.46 million USD) are expected to begin this year serving railway infrastructure upgrade, the Vietnam News Agency said.

Of the five of these, using State capital for the middle-term public investment plan for 2021-2025, three with a total valued at more than 3.1 trillion VND involved the Hanoi-Vinh, Vinh-Nha Trang, and Nha Trang-Sai Gon sections of the North-South railway. The upgrade of these sections, which are about 1,725km long in total, is scheduled to be completed in 2025.


7.4 trillion VND earmarked for rail infrastructure development in 2023 - Photo for illustration (Photo:

Meanwhile, two others will work to repair the northern rail station with some 476 billion VND and to upgrade the Duong rail bridge with nearly 1.85 trillion VND.

The last of the six is for the upgrade of the Khe Net mountain pass with a value of over 2 trillion VND partly sourced from official development assistance by the Republic of Korea via its Economic Development Cooperation Fund (EDCF).

Vietnamese culture introduced on Algerian TV channel

Jeel Dz TV – an Arabic-language digital TV channel of Algeria, on February 19 broadcast an hour-long programme on Vietnam, spotlighting the traditional friendship between the two countries, the Vietnam News Agency reported.


A scene of Trang An Tourism Complex in Ninh Binh province (Photo: VNA)

The reportage was produced by Jeel Dz TV in mid-February 2023 with the support of the Vietnamese Embassy in Algeria.

It introduced culture, landscapes, customs, and culinary arts of the Southeast Asian nation to local audiences and the community of Arabic speakers.

In the programme, Ambassador Nguyen Thanh Vinh mentioned similarities and the good relationship between the two nations, and especially highlighted the strong development of the exercise movement of Vietnamese traditional martial arts (Vovinam) in the African country -  a bright spot in bilateral relations. 

As a digital information channel, Jeel Dz TV focuses on developing and popularising information through Internet platforms and social networks such as YouTube, Tiktok, Facebook and Instagram./.

Compiled by BTA