E-mart to invest US$200m in Vietnam

For fresh fruit and vegetable marketing and distribution in Asia
Gabrielle Easter

BY GABRIELLE EASTER

@gab_produceplus

E-mart to invest US$200m in Vietnam

Korean retailer E-mart has sign a deal with Ho Chi Ming City to invest in supermarkets, commercial facilitates and ‘social development’ facilities

E-mart to invest US$200m in Vietnam

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Leading South Korean retailer E-Mart will invest US$200m in Vietnam after signing a Memorandum of Understanding (MoU) with Ho Chi Minh City.

The MoU will see E-Mart build hypermarkets, supermarkets, commercial facilities and invest in local social development in the coming four years.

E-Mart opened its first US$60m supermarket last year, with parent company Shinsegae opening a toy library in Ho Chi Minh City.

Vietnam has opened to foreign retailers in the country since signed a free trade agreement, which has seen 7-Eleven announced it would open stores in Vietnam.

 

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