Parkson’s department store model over in VietnamVietNamNet Bridge - Parkson, which was once the leading distributor of branded goods in Vietnam, has had shut down four department stores in recent years, including all of their stores in Hanoi. After 13 years of applying the department store business model, Parkson now has only six stores. After 13 years of applying the department store business model, Parkson now has only six stores. The department store model followed by Parkson gained great achievements, with introduction of many foreign brands. According to Binh, the limited area of department stores (less than 20,000 square meters in most cases), is also a weak point of the department store model.