First Fujimart to open in Vietnam this month
Wednesday, December 19,2018AsemconnectVietnam - Fujimart Vietnam Retail, a joint venture between Japanese trading house Sumitomo and local retail and real estate conglomerate BRG Group, will open its first Vietnamese supermarket in Hanoi this month.
Keisuke Hitotsumatsu, CEO of Fujimart Vietnam, said through the Fujimart retail model, both BRG and Sumitomo hope to provide Vietnamese people with delicious, nutritious and safe food.
“Though the retail market is very competitive, Vietnam’s macro-economy recently showed that the demand of the Vietnamese retail market is growing at a double-digit rate. We recognise the trend will continue as Vietnam’s economic prospects are very positive, making Vietnamese living standards get better day by day,” he said.
He added that the food retail market is about to undergo a major transformation, as growing interest in food safety shopping could shift from traditional wet markets to modern supermarkets.
In 2017, Vietnam’s retail sector earned nearly US$29 billion, up 11% from 2016, a high growth compared with other nations in Southeast Asia.
With an over-90 million population, nearly 70% of which are at working age, 34 percent living in urban areas and annual income per capita reaching US$2,385, Vietnam is considered to have huge room for retail growth.
Hanoi and HCM City are the two most developed cities, with a total combined retail area of 2.5 million square metres.
However, the figure represents an average of 0.2 square metres per person, much lower than in other regional cities, such as Thailand’s Bangkok at 0.89 square metres, Singapore (0.75 square metres), China’s Beijing (0.65 square metres), Malaysia’s Kuala Lumpur (0.64 square metres) and Indonesia’s Jakarta (0.44 square metres).
GC Food (GCF) target VND523 billion revenue in 2023
Mobile World (MWG): Revenue of Mobile World and Dien May Xanh chains down 32% in the first 2 months of 2023
SHS Securities reported a profit of VND197.2 billion in 2022 after the audit
IDI Multinational Development and Investment (IDI): Profit expected down 66.7% to VND186 billion in 2023
International Bank (VIB) spends over VND1,000 billion to pay the remaining dividend in 2022
Business activities of seafood companies in March 2023
Eximbank (EIB) target VND5,000 billion profit, up 34% in 2023
Business activities of banks in March 2023
Saigon Newport announced Tan Cang - Long Binh dry port and Organized the Customer Appreciation Conference in Dong Nai
VIB General Meeting of Shareholders: Approved the plan to pay 35% dividend, profit VND12,200 billion
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...