In 2005 Parkson opened its first store in Vietnam and now has 8 stores there.
FORBES: Malaysia's Parkson Group Jumps Into Indonesia's Mall Boom
He explains that the company is looking to open Parkson stores in major cities such as Medan and Surabaya.
In May Cheng raised the stakes by announcing it would develop its first Parkson-branded department store in the St.
Over the next three years, Cheng says, Parkson plans to open at least four stores a year (either under its own or the Centro brand).
Parkson has already had success outside its home market.
Alfred Cheng, executive director of the Singapore-listed Parkson Retail Asia Ltd. (PRA) and part of the family that owns the chain, believes his stores will be able to successfully penetrate the Indonesian market.
The deal gave Parkson eight outlets in Indonesia.
One of them is the Malaysia-based Parkson group.
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