Economy
Central Group Announces $3.5 Billion Investment Expansion in Vietnam
Thailand’s Central Group is committing $3.5 billion to expand its retail and real estate footprint in Vietnam, citing the country's robust economic growth.
According to a report by Khaosod Online, Thailand’s Central Group has unveiled a major investment plan for Vietnam, totaling $3.5 billion (approximately 116 billion baht). The investment is split between Central Retail Corporation (CRC), which is allocating $1.5 billion, and Central Pattana (CPN), which is contributing $2 billion.
Valaya Chirathivat, President of Central Group, stated that Vietnam remains a strategic priority due to its high economic growth potential, with GDP projected to reach 7.2% this year. The group aims to leverage Vietnam’s population of over 100 million, rapid urbanization, and the increasing consumer shift toward modern retail formats. The funds will be used to expand shopping centers, retail outlets, and related business ecosystems to support long-term growth across both major and secondary cities.
For residents and travelers, this expansion signifies a continued strengthening of the regional retail landscape, potentially offering more familiar shopping experiences and services as the group builds upon its presence established in 2012. While the investment plan is significant, specific timelines for the completion of individual projects and the exact locations of new developments remain to be confirmed by the company as the rollout progresses.
