Business

Japanese retailer to enter Vietnam

By Phuong Anh February 22, 2019 | 11:24 AM GMT+7

Japan’s household goods and apparel chain Muji plans to establish a Vietnam branch in August 2019 and open its first store in Ho Chi Minh City next spring.

Japan’s Ryohin Keikaku Co., Ltd., has announced that it will establish a subsidiary, MUJI Vietnam Limited Liability Company, in August this year for further business development.

Muji Vietnam will be a local subsidiary and 100 per cent owned by Ryohin Keikaku. Its headquarter will be based in Ho Chi Minh City where its first store is planned to be opened in spring 2020.

Among all the fast-developing ASEAN countries, Vietnam has the third largest population and is undergoing rapid economic development with estimated real GDP growth of 7.1 per cent in 2018.

That makes Vietnam become one of the major markets in ASEAN, the reason why Ryohin Keikaku chose Vietnam for expansion.

“We expect that our experience and know-how in the global market would help in running the stores that serves everyday living and increases Muji fans in the area,” said the business.

Established in 1980, Ryohin Keikaku started as a private label of the Seiyu Japanese supermarket chain. From only 40 products in the 1980s, it now has more than 7,000 different household items sold as Muji products. Mujirushi Ryohin, MUJI in Japanese, translates as “no-brand quality goods”. 

Japanese fund acquires Vietnamese fashion firm

Japanese fund acquires Vietnamese fashion firm

Business -  6 year
Advantage Partners has announced its acquisition of Elise Fashion, one of the biggest women's fashion shop systems in Vietnam.
Japanese fund acquires Vietnamese fashion firm

Japanese fund acquires Vietnamese fashion firm

Business -  6 year
Advantage Partners has announced its acquisition of Elise Fashion, one of the biggest women's fashion shop systems in Vietnam.
US giant backs Vietnam’s bid to lead ASEAN gas trade

US giant backs Vietnam’s bid to lead ASEAN gas trade

Business -  1 week

With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.

Frasers Property, SPX Express sign deal for largest sorting centre in Southeast Asia

Frasers Property, SPX Express sign deal for largest sorting centre in Southeast Asia

Business -  2 week

Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.

Gamuda Land secures VND3,750 billion loan for Eaton Park project

Gamuda Land secures VND3,750 billion loan for Eaton Park project

Business -  3 week

Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.

WHA Group accelerates industrial park investment in Vietnam amid tariff tensions

WHA Group accelerates industrial park investment in Vietnam amid tariff tensions

Business -  3 week

Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.

Hai Phong Port unveils new deep-water terminals to meet growing trade demand

Hai Phong Port unveils new deep-water terminals to meet growing trade demand

Business -  1 month

Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.

Hoang Huy Group to raise $79 million for Haiphong property projects

Hoang Huy Group to raise $79 million for Haiphong property projects

Business -  1 month

Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.