First 7-Eleven store opens in HCM City

7-Eleven Inc opened its first convenience store in Vietnam on June 15, the first among 20 stores it plans to open in HCM City this year.

People line up on the opening of the first 7-Eleven store in Ho Chi Minh City (Photo: kenh14.vn)

People line up on the opening of the first 7-Eleven store in Ho Chi Minh City (Photo: kenh14.vn)

The store is located on the ground floor of District 1’s Saigon Trade Centre.

The store, which will provide fresh food, beverages and high-quality goods, is expected to offer stiff competition to similar stores such as Vinmart , Shop&Go, Circle K and Ministop.

7-Eleven was established in 1927 in the US state of Texas and was taken over by Japan’s Seven & I Holdings Group in 2015.

Vietnam is the 19th country where 7-Eleven has located. The company plans to open 100 stores in the next three years and 1,000 within a decade in Vietnam.

7-Eleven is the world’s largest convenience retailer with roughly 62,000 stores in 19 countries and regions.

Every two hours, a 7-Eleven store opens globally. Last year, the company opened 4,000 stores worldwide.

HCM City has about 1,600 convenience stores under 10 companies, and the number is expected to increase, according to Forbes Vietnam.


According to a global food and grocery experts (IGD) survey, Vietnam is expected to be the fastest-growing convenience store market in Asia by 2021

Vietnamplus

Other news

Most view

The Vietnam Food Association aims to ship 2 million tonnes of rice to foreign countries in the last five months of the year, increasing total rice export for the whole year to 5.2 million tonnes. (Photo: VNA)

Rice export target set at 5.2 million tonnes in 2017

The Vietnam Food Association (VFA) aims to ship 2 million tonnes of rice to foreign countries in the last five months of the year, increasing total rice export for the whole year to 5.2 million tonnes, up 6 percent year-on-year.

Banking-finance

Economy

Vegetarian buffet-good for health re-launched

Currently, vegetarian foods are becoming more and more popular not only in Buddhism but also being a trend to preserve human health and body care.

 

Self - introduction

Stock market

VPBank prepares for listing on HOSE

The Ho Chi Minh City Stock Exchange (HOSE) said over 1.33 billion shares of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will officially be listed on the HOSE, code VPB, from August 17 with the reference price of VND 39,000 per share.