As consumer demand for convenience soars across Southeast Asia, convenience retail channels are experiencing record higher growth rates than any other retail channel.
The joint venture between the Saigon Union of Trading Co-operatives and Singapore’s NTUC FairPrice Co-operative Limited on May 10 opened its third Cheers convenience store in the country in HCM City.
Viet Nam is forecast to be the fastest growing convenience store market in Asia by 2021, according to new data released by international grocery research organisation the Institute of Grocery Distribution (IGD).
With more than 200 stores, the Vinmart+ chain has become the largest
convenience store chain in Viet Nam after just a year of operation, real
estate developer Vingroup announced.