Japanese convenience operator FamilyMart has told just-food that it will be the first such chain to open its doors in Vietnam later this year.

Creating a joint venture with local operator Phu Thai and its main shareholder Itochu, FamilyMart said it would open the first of 300 shops in September in Ho Chi Minh City.

“With its young population and pro-Japanese sentiment we foresee a lot of growth for us in Vietnam,” a Familymart spokeswomen told just-food.

“As the first to enter Vietnam obviously we are aware we have a huge advantage here to develop the Japanese retail trade in Vietnam.”

Familymart aims to increase the total number of stores it operates in Japan and overseas to 20,000, from about 14,000 now. The company is well established in South Korea and Taiwan and predicted that it will turn a profit in Vietnam in two years.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.