Saturday, July 29 2017

VietNamNews

Việt Nam to get first 7-Eleven store in June

Update: June, 07/2017 - 16:00
7-Eleven Inc has announced the opening of its first store in Việt Nam next week. — Photo 7-Eleven
Viet Nam News

HÀ NỘI — 7-Eleven Inc, the globe’s largest convenience retailer with roughly 60,000 stores in 18 countries and regions, has announced the opening of its first store in Việt Nam next week.

According to a recent post on the company’s Facebook page, the first store in Việt Nam will be opened on June 15 at the Saigon Trade Centre, 37 Tôn Đức Thắng, District 1 in HCM City.

Its entry into the country was earlier than a Nikkei’s forecast that 7-Eleven could enter Việt Nam as early as February 2018.

In November last year, in an online recruitment website in Việt Nam, 7-Eleven was seeking a quality assurance manager, a fresh food associate and a marketing associate.

In mid-2015, its US-based subsidiary 7-Eleven Inc, owned by the Seven & I Holdings Group, clinched a licensing agreement with Seven System Vietnam, established by IFB Holdings, which currently runs the Pizza Hut chain and other eateries in Việt Nam, to open the first 7-Eleven store in the country.

With Việt Nam being the 19th country where 7-Eleven will have a presence, Seven & I Holdings plans to have 100 stores in the first three years and 1,000 after a decade.

According to Nikkei, 7-Eleven, the No 1 player in Japan’s convenience store market, will dispatch four employees to Việt Nam to help local staffers develop unique products, such as lunch and prepared foods, and to choose store locations.

It will also help develop a distribution network that will enable shipping of products at optimal temperatures. 

7-Eleven in Việt Nam will provide fresh food, beverages, and high-quality consumption goods to compete with its rivals. Seven & I Holdings seeks to expand in Việt Nam by applying a business model cultivated at home. — VNS

 

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