Le Hoang
Shoppers buy goods at a Co.opMart store in HCMC. The store chain operator targets to open 10 supermarkets and commercial centers and 20 food stores - Photo: Quoc Hung
Speaking at a review meeting in HCMC on Wednesday, a Saigon Co.op leader said that two more Sense City commercial centers will be launched into operation in the Mekong Delta this year with the combined capital of VND500 billion, taking to three the total number of Sense City centers in the region.
Saigon Co.op will also open eight Co.opmart supermarkets in HCMC, Hanoi, Daklak, Dong Thap and Pleiku to raise the total number to 76. The supermarkets are invested with VND60-80 billion each.
In addition, the retailer has plans to launch 20 more Co.op Food stores in HCMC, taking the total number to over 90.
Saigon Co.op will expand cooperation to compete against foreign retailers that have made deep investment in the domestic market.
To meet target revenue of VND25 trillion and growth rate of 14%, Saigon Co.op will focus on restructuring, logistics improvement and manpower management.
For international cooperation, Saigon Co.op and Singapore’s NTUC FairPrice launched Co.opXtra Plus supermarket into operation in HCMC’s Thu Duc District in 2013.
It has also cooperated with Mapletree to develop SC VivoCity shopping mall in District 7 with total investment of US$100 million. The project is expected for opening in 2015.
Last year, Saigon Co.op obtained VND22 trillion in revenue, up 13% against 2012.
Đăng ký: VietNam News
