MUJI (Japan) to open first outlet in HCMC in 2020

MUJI, the Japanese popular retailer will open its first outlet in HCM.City in 2020, according to the Vietnam News.

MUJI is a Japanese retail company which offering a wide variety of household and consumer goods. MUJI is distinguished by its design minimalism, emphasis on recycling, avoidance of waste in production and packaging, and no-logo or "no-brand" policy.

With the third-largest population among ASEAN countries and strong economic growth, Vietnam has become a key market in the Southeast Asian region.

This is part of the reasoning behind the Japanese retail company’s decision of selecting Vietnam as its next destination to expand business operations.

A Muji store in Japan (Photo: Reuters)

Before MUJI, many Japanese brands are already present in the Vietnamese retail market, such as AEON, Takashimaya, 7-Eleven, and now Sumitomo with FujiMart.

Since 2014, AEON, the first to enter the country, has so far opened four shopping malls in Hanoi, Binh Duong, and Ho Chi Minh City. It plans to build a new mall in Hanoi and another in Hai Phong in the near future, working towards a total of 20 malls across the country by 2020.

In July 2016, Japanese retailer Takashimaya decided to conquer the Vietnamese market by setting up its first shopping mall in Ho Chi Minh City with the capital of over US$25 million.

In July 2017, the first 7-Eleven store was launched in Ho Chi Minh City via Seven System Vietnam (SSV) as the master franchisee of the 7-Eleven convenience store system in Vietnam, making Vietnam the 19th country to host the world’s largest convenience store chain./.

( VNF )