Vietnam is a still young retail market and has lots of development potential.
In the context that foreign investors coming from South Korea and Thailand have been acquiring Vietnam’s financial companies, Japan’s Aeon does not want to set itself apart from the trend.
All 23 Fivimart stores will be intergrated into Vingroup’s system and renamed to Vinmart soon.
Whilst most of retailing groups are struggling in the fierce competition of the retail industry, Aeon Vietnam is still able to gain millions of dollars after just a few years of operation.
The joining of Japan’s big-name Aeon did not improve financial situation of Fivimart and Citimart but it even became worse.
Housui Gold Pear is one of the specialty of Myagi province, Japan.
Recently, “giant retailer" 7-Eleven officially opened its first store in Ho Chi Minh City, forecasting that the Vietnamese retail market will continue to have fierce competition in the future.
