Japanese firm to open Mini-mart in Vietnam
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According to this agreement, they will invest $10 million in the first stage of their plan, with 75 per cent of the state owned by G7Mart.
They said during the first year of operation, they would develop over 100 convenience stores called ‘G7Mart-Ministop’, throughout the country. This figure will increase to 500 units, in the next five years.
They said, the stores would mostly sell Vietnamese products.
Ministop, an affiliate of Japan’s first largest retailer AEON, runs 11,219 stores around the world. G7Mart convenient stores were introduced in Vietnam in 2006.
The local partner stated, “It has developed 460 stores, each with an average area of four square metres, across the country."
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