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Tuesday, June 25, 2024

Thaco targets to open 20 more Emart supermarkets

By Le Hoang

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HCMC – Vietnamese automaker Thaco is planning to open 20 more Emart supermarkets nationwide and earn US$1 billion in revenue in the next five years, Tran Ba Duong, chairman of Thaco, told a meeting with Emart’s goods suppliers on August 5.

Vietnam now has only one Emart supermarket in Go Vap District in HCMC, seven years after South Korea’s largest brand entered the country.

The representative of Thaco, which completed its acquisition of the Emart chain operation in Vietnam in 2021, said that an additional two Emart supermarkets in HCMC, one in Thu Duc City and the other on Phan Huy Ich Street in Go Vap City, will be inaugurated in October and late 2022, respectively.

The Emart supermarket in Thu Duc City will cover 6,000 square meters, while the other in Go Vap District is expected to serve residents in the districts of Tan Phu, Go Vap and 12.

Speaking at the event, Chun Byung Ki, general director of THISO Retail, a unit of Thaco, said the acquisition of the Emart retail chain was a key stepping stone for Emart in Vietnam.

Thaco is expected to strongly expand the South Korean retail chain in several provinces and cities across the country and bolster the sales of domestic goods at the supermarkets.

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