Korean convenience store chain GS25 sets foot in VietnamKorean convenience store chain GS25 plans to open its first store in Ho Chi Minh City this year, marking a foray in the Vietnamese retail market, where competition between convenience store chains is already fierce. According to data from Vietnam’s statistics agency, the country’s local retail market was worth $118 billion last year, up 10.2 per cent from 2015. US consulting firm A.T. Kearney pushed Vietnam up five ranks in its global retail development index earlier this year, placing it at sixth. The report, published in June, said that convenience stores and mini-marts were the fastest-growing markets. GS25’s arrival contributes to extending the list of eleven existing convenience stores brands in Vietnam, including Vinmart+, Circle K, Shop & Go, B’s mart, FamilyMart, and Ministop, as well as new comer 7-eleven.

Source: VietNamNet News August 04, 2017 05:15 UTC