Saigoneer

BackStories » Saigon » Report: 7-Eleven Coming to Saigon in 2014

Report: 7-Eleven Coming to Saigon in 2014

Like McDonalds, 7-Eleven has been eyeing the Vietnam market for years. Now that Circle K, Family Mart and Shop & Go have softened the market for convenience stores, the ubiquitous brand is set to open its first Vietnam location within the next 3 months.

Though no official announcement has been made, Vietnam Net’s sources have confirmed that the first shop will be opened in District 1 in the next 90 days.

According to sources, 40% of products on offer will be Vietnamese made and the remainder imports.

Initially, 7-Eleven will limit franchising opportunities with the Thai parent company, CP, running all shops for the first 2 – 3 years.

The move comes in the wake of large expansion plans for convenience store chains currently operating in the Vietnam market. Shop & Go opened its 100th Vietnam shop last month and Family Mart plans to invest US$20 – 25 million into 300 shops over the next 5 years.

Deputy General Director of CP Vietnam, Chamnan Wangakkarangkul, said that the company plans to open 10,000 shops in Vietnam.

With those numbers, Saigon may become like Bangkok which seems to have a 7-Eleven every few blocks. 

 

Related Articles:

It’s Official – McDonald's Coming to Vietnam in 2014

Dunkin’ Donuts Prepares to Open in Saigon

- Harley-Davidson's First Vietnam Dealership is Open for Business

 

[Vietnam Net]

Related Articles

in Saigon

$100,000 Diamond Allegedly Vanishes From Woman’s Finger In HCMC Hotel

A Hanoi woman claims that she was drugged at a HCMC hotel last weekend and awoke to find that a $100,000 diamond had been pried from her ring.

in Saigon

100-Year-Old Trees In Front Of Opera House Cut Down To Make Way For Metro

Flower Street and the statues in front of Bến Thành Market aren’t the only sacrifices being made to accommodate the construction of Saigon’s first metro line.

in Saigon

122-Year-Old Saigon Woman Confirmed As World’s Oldest

The World Records Association (WRA) has completed the verification process and officially confirmed Saigon’s 122-year-old Nguyen Thi Tru, as the world’s oldest woman.

in Saigon

160 Wood Benches Being Added To Nguyen Hue Street

The trees that were cut down last July during construction of the metro station in front of the Saigon Opera House are making a comeback in the form of benches.

in Saigon

18,600 Trees to Be Cut for Tourist Road Through Can Gio

Saigon authorities have given the go-ahead for a US$8.7 million road through the UNESCO recognized Can Gio biosphere reserve that will necessitate the felling of 18,600 trees.

in Saigon

2 Foreigners Arrested for iPhone Snatching

In a reminder that crime transcends race, 2 foreigners were arrested last Friday for stealing an iPhone from a local woman in District 1. The 2 thieves were identified as Sean Douglas, 17, an Austral...