Japanese giant retailer Seven & I Holdings to enter Vietnam
Seven and Eleven convenient store chain is expected to make its debut in Vietnam in 2017, according to Japanese newspaper Nikkei.
US-based Seven Eleven Inc., a subsidiary of the Japanese retail conglomerate Seven & I Holdings, has signed a contract with IFB Vietnam, owner of the Pizza Hut restaurant chain in Vietnam, to open its first store in Ho Chi Minh City. The number of the establishments is set to reach 100 after three years and 1,000 ten years later.
The company will send Japanese staff to transfer the original management and business models to stores in Vietnam.
Boasting 38,000 supermarkets worldwide, Seven & I Holdings has thus far entered five Southeast Asian countries - Singapore, Thailand, the Philippines, Indonesia, and Malaysia./.