CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vingroup to set world’ record of opening 117 convenience store in one day
Ngoc Thuy 17:23, 2018/12/26
The plan would increase the total number of VinMart+ stores in Vietnam to 1,700, cementing its place as the top retailer in the country.
Vingroup, Vietnam’s largest privately-run conglomerate, could set a new record in Vietnam’s and the world’s retail sector by opening a total of 117 VinMart+ convenience stores nationwide on December 31, 2018, the group has said in a statement. 
 
Illustrative photo.
Illustrative photo.
The plan would increase the total number of VinMart+ stores in Vietnam to 1,700, cementing its place among the country’s leading retailers. 

Each store is designed to cover an area of 80 – 200 square meters, and located in high demographic density neighborhood of major cities, including Hanoi, Ho Chi Minh City, Bac Ninh, Quang Ninh, Hai Duong, Hai Phuong, among others, in turn meeting customers demand in the peak shopping season at the end of this year. 

In December, VinCommerce, Vingroup’s subsidiary and the operator of VinSmart+ chain store, has opened 238 convenience stores and five supermarkets, resulting in a total retail space of 400,000 square meters. 

The group previously completed the acquisition of the supermarket chain Fivimart from Nhat Nam Trade Company. Following the deal, the Fivimart chain along with its 23 supermarkets was renamed VinMart. 

VinCommerce targets to have 200 VinMart supermarkets and 4,000 VinMart+ convenience stores by 2020.
Comments
Other news
18:45, 2024/11/28
Vietnam, Hesse (Germany) promote high-tech cooperation
Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.
15:34, 2024/11/27
Big discounts on offer at Hanoi's November Promotion Festival
The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.
17:23, 2024/11/26
Hanoi unveils 150 most popular Vietnamese products and services for 2024
The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.