Upon the completion of the investment of Mekong Capital in mattress and bedding solution provider Vua Nem Joint Stock Company through Mekong Enterprise Fund III, Vua Nem has continuously opened new stores across the country, aiming to have 200 stores in the next two years.
Vua Nems is Vietnam’s largest retailer distributing various products of blanket, bed sheet, pillow and mattress.
In a peak season of the mattress and pillow market as currently, Vua Nem is increasingly opening new stores in order to serve high demand of consumers.
Only in June this year, the company has opened six new stores in Hanoi city and Ho Chi Minh City, which bring the total number of Vua Nem stores to 44.
Currently, Vua Nem is present in 23 provinces of Vietnam, in which Ho Chi Minh City and Hanoi city are the two biggest markets of the company with a total of 22 stores.
"Vua Nem aims to develop its store number to 70 this year and plans to open 60 to 100 new stores annually to reach the target of 200 stores by 2020," said representative from Vua Nem.
Hoang Tuan Anh, founder of Vua Nem once emphasized that the company aims to become the largest retailer of mattress and bedding solutions in Vietnam.
According to the assessment of Vua Nem, Vietnam currently has about 25 million families, of which 40 per cent is mattress users. As a result, it is estimated that this market is worth hundred of million dollars annually.
With the investment of Mekong Capital, Vua Nem is currently focusing on building retail management systems based on information technology, and investing in human resource to improve human capacity. Once the platform is firmly built, the expansion of the store system will become much simpler and faster.
Tags:
Tags:
Menas has officially opened Mena Gourmet Market, a premium integrated supermarket located on the B1 floor of Menas Mall Saigon Airport, near Tan Son Nhat International Airport in Ho Chi Minh City.
T&T Airlines, T&T SuperPort, and BVIM Fund have acquired stakes in the tourism airline, marking a significant milestone in the company’s expansion.
V-GREEN and Prime Group have signed a memorandum of understanding to develop a network of charging stations for VinFast electric vehicles across Indonesia.
Menas Vietnam has signed a strategic memorandum of understanding with SVD-Group, marking a significant milestone in introducing premium Russian products to Vietnamese consumers.
Menas has recently signed a strategic partnership agreement with Ngoc Duy Group and Da Dream Farm to introduce high-quality agricultural products from Lam Dong province to the nationwide distribution network of Mena Gourmet Market.
MISS EDE's recent shipment of 18,000 packages of roasted coffee to the US marks a pivotal step for Dak Lak’s coffee industry toward global recognition.
