E-mart plans $200 million investment in Ho Chi Minh CityE-mart set plans to invest $200 million to establish commercial facilities in Ho Chi Minh City, Vietnam, such as supermarkets and discount chains. The domestic retail company already opened its first Vietnam store in December in Ho Chi Minh’s Go Vap district.
The company has plans to expand imports from Vietnam to fruits and seafood. Currently, products from Vietnam are usually consumer goods such as clothes and toys.
In July, E-mart built a 160 square-meter “toy library,” a play space where children from low-income households can spend time for free.
“Ho Chi Minh city is our starting point to expand brand power in Vietnam,” said Kim Seong-young, head of the new business department at E-mart.
More in Industry
[SHORTCUT] Is 2021 the year electric vehicles go mainstream?
Lobby groups call for leniency for Samsung's Lee
Thousands claim fraud after buying items via social media
No dial tone for 2G services on LG U+ starting in June
Ironing out an air corridor took decades