Asian retail group Parkson will shut its last and only shopping mall in Hanoi this month after a string of closures in Vietnam over the past two years. The 11,000 sq m mall, Parkson Viet Tower, will cease operation on 15 December after eight years of operation, although the reason for the closure was kept under wraps. The group said the closure would not affect the business of other Parkson centres and shopping malls in Vietnam, or its membership programme in the country. This is the latest of a series of closure of Parkson shopping centres in Vietnam, including Parkson Paragon in Ho Chi Minh City earlier this year, and Parkson department store and Keangnam Hanoi Landmark Tower in Hanoi last year after years of consecutive losses.

Illustration 'Parkson pulls out of Hanoi' (png - 0.34Mo)