convenience store in vietnam

Convenience store chains such as Circle K, 7-Eleven, VinMart and B's Mart have been popular grocery shopping destinations for shoppers in Vietnam due to the busy modern life and the restricted time for shopping. Obstacles A Study of Convenience Stores in Vietnam. Convenience stores rose from 147 stores in 2012 to 348 in 2014, while mini-supermarkets increased from 863 outlets in 2012 to 1,452 in 2014. According to the researcher, Asia's grocery market will be the largest in the world with predicted 6.3 percent of compound annual growth rate, up to US$4.8 trillion by 2021. Ho Chi Minh City, the economic center of Vietnam, was forced into its second lockdown during this fourth wave of the virus. MINIMART (Convenience store) is located in Khánh Hòa, Vietnam. 33 check-ins. The 3 most popular ones are Shop & Go, Circle K and Family Mart. The rapid increase of convenience stores and minimart chains in 2019 Vietnam is the fastest-growing convenience store market in Asia, acc. In 2020, you can see lots of Circle K, VinShop, Coopfoods, and Vinmart+. The rise is attributed to the millennial population increase in Vietnam, which counts 34.6% of its total population as aged in their twenties and thirties. Convenience stores has advantages of 24h opening and good services On June 15, 2017, 7-Eleven officially opened its first store on the ground floor in Saigon Trade Centre in Ho Chi Minh City. Circle K Circle K convenience store chain of Red Circle Co., Ltd. was franchised from the US, established for a long time in 1951. Asia-Pacific has huge potential to grow convenience store market. Contents 1 Multinational chains 2 Convenience stores by country 3 Former 4 See also 5 References This is a dynamic list and may never be able to satisfy particular standards for completeness. Family Mart, however, is most recgonized and visited convienence store in HCM. Nguyen Huong Quynh, head of Nielsen Vietnam, said there is one convenience store or mini-mart for every 21,000 residents in China, and one for 1,800 in South Korea. Major Players are Saigon Co. Op, Central Group, AEON group, Vin Group, Lotte Mart. Vietnam's retail store landscape is rapidly changing, with the big rise and of modern trade stores, and the aggrestive M&A from the giant groups. Our vision is to be the most preferred convenience store chain in Vietnam. "Convenience stores in Vietnam have become popular destinations for young consumers to shop and hang out, as the stores provide them with an air-conditioned environment, well-organized shelves and seating areas, high quality products and, in some stores, free Wi-Fi. GS25 Vietnam currently owns 50 stores, and aims to open 2,500 nationwide after 10 years. In November 2020, Hanoi Post - a subsidiary of Vietnam Post held the launching ceremony of a new Postmart convenience store at 8 Le Thach, Hanoi. Community See All. Also according to Nielsen, convenience stores still have more opportunities to develop in Vietnam because the ratio of consumers to one convenience store is 69,000 consumers per store, much higher . About See All. Vietnam's convenience store market has been posting annual growth of some 70%, according to an article posted by Korea Herald. Address of MINIMART is 6 Đặng Tất, Vĩnh Hải, Thành phố Nha Trang, Khánh Hòa 650000, Vietnam. Convenience Store in Ho Chi Minh City, Vietnam. The Convenience Stores in Vietnam report includes: Analysis of key supply-side and demand trends Detailed segmentation of international and local products Historic volume and value sizes, company and brand market shares Five year forecasts of market trends and market growth Robust and transparent research methodology, conducted in-country As of 2017, there were 1,765 convenience stores in Vietnam, with over 70 percent owned by foreign enterprises. Vietnam's increased consumer spending has spurred growth in its convenience store industry, with 7-Eleven entering the market this past June. Email: damtricuong@iuh.edu.vn. Mobile payment to extend its coverage in Vietnam CHANNEL DATA Table 72 Convenience Stores: Value Sales, Outlets and Selling Space 2016-2021 Table 73 Convenience Stores: Value Sales, Outlets and Selling Space: % Growth 2016-2021 Table 74 Convenience Stores GBO Company Shares: % Value 2017-2021 Table 75 Convenience Stores GBN Brand Shares . Beverages and instant foods are the items that are mostly bought at convenience stores. 1. Convenience stores provide a lifeline during Vietnam's Covid-19 lockdown. Thailand, United Arab Emirates, Vietnam: 78,029: FamilyMart: Itochu Source: Dmitry Kalinovsky Target - With the goal of becoming the No. The first certified Halal convenience store was put into service in Ho Chi Minh City on December 25, giving Muslimsin the southern metropolis more food choices. Rival network GS25 has already launched in Vietnam, opening stores in Ho Chi Minh City. August 04, 2017 HO CHI MINH CITY, Vietnam - South Korean convenience store chain GS25 will soon have locations in Vietnam via a partnership with Son Kim Group, Retail News Asia reports. Vietnam's economy grows at an annual rate of 7%. The report examines all retail channels to provide sector insight. This was a milestone first step of the Japanese retailer Seven & I Holdings Co. into the Vietnamese market. 49 Đường Lê Văn Miến, Thao Dien, District 2, Ho Chi Minh City, Vietnam (7,544.08 mi) Ho Chi Minh City, Vietnam, Get Directions +84 93 884 40 01. Saigon is now home to 1,800 convenience stores and small-scale supermarkets. Meanwhile, the ratio in Vietnam is one per 69,000 residents. It has an ambitious plan to have 2,500 outlets in Vietnam within 10 years, reported Vietnam Investment Review. Until now, it has expanded up to 70 stores nationwide. It is also easier to get licenses for stores under 500 square meters, which . Circle K is recognized the best when it comes to the top of the mind brand. Domestic enterprises are dominating the market, carving a 70 percent niche. Circle K is open 24 hours while others are open till 10 pm. Family Mart, however, is most recgonized and visited convienence store in HCM. Circle K, Vinmart +, Family Marts are a few of the supermarkets and convenient grocery stores you may find in Vietnam. Price Range . Particularly in Vietnam, although GS1 has just entered the market for 1 and a half years, GS25 owns 41 stores, of which 5 stores have begun to make profits. Right: People eating at a GS25 convenience store in Vietnam. Vietnam leads convenience store charge. Saigon Co.op is the only Vietnamese name that was able to compete with international megamalls like Lotte Mart, Aeon Mall, and E-Mart. GS Retail, South Korea's number 1 convenience store retailer, plans to open 50 GS25 outlets in Vietnam in 2018, leveraging its "friendly-fresh-happy-fun" business model. This survey is conducted in order to find out the usage of eat- in space at CVS in HCM. Vietnam convenience store image and brand. Open 24 hours per day, seven days a week, the new 1,800-square-foot store carries some 2,000 products that are both typical of 7-Eleven stores and special to the Vietnam market. Operated by Vietnam's supermarket operator Saigon Co-op and Singapore's NTUC FairPrice grocery network, Cheers is open 24 hours, selling fast-moving consumer goods, mostly imported, along with payment services for utilities. According to Vietnam's chambers of commerce, the average Vietnamese spends about VND 250 . Both Vietnamese and expats spend a lot of money and time grocery shopping every day. In that year, Ho Chi Minh City had the highest number of. Convenience Store. Vietnam is listed among the 30 most attractive retail markets and has returned to the sixth position in GRDI (global retail development index) as announced by AT Kearney. Meanwhile, the need for convenience stores continues to grow, especially in urban areas in Vietnam. With leaders like Circle K and Family Mart, many challengers are also growing in Ho Chi Minh City and around Vietnam. HO CHI MINH CITY -- Son Kim Group, one of Vietnam's leading privately-owned retailers, and South Korea's GS Retail are planning to launch their first convenience store in Ho Chi Minh City on Jan. 19. Nov 17, 2021 According to a report released in 2021 by Q&Me, there were 5.2 thousand convenience stores and mini supermarkets in Vietnam. Dam. Similar to Combini stores in Japan, Vietnam's convenience stores are leagues ahead of 7. On Pham Ngu Lao Street in Ho Chi Minh City's District 1, Shop&Go, Circle K, B's Mart stores are only . South Korea's GS25 chain will launch in Vietnam, while CJ Express will invest $120 million to double its Thailand business. Friday, May 11, 2018, 21:00 GMT+7. Shop & Go Shop & Go was first established in 2005 at 74A1 Hai Ba Trung Street, District 1. As of late January 2019, according to a Deloitte's report . The store, located at district 1's Phan Chu Trinh Street and run by Saigon Trading Corporation, is certified by the representative board of the Muslim community in the city. In terms of market share. SHOP & GO was founded in 26th August 2005 and currently the largest operator of convenience stores in Ho Chi Minh City with 44 stores (as at end of Dec 2010).Shop & Go has on-going plans to expand our network of stores nationwide to reach out to more customers while continuously introducing new and innovative products and services to meet customer requirements. There are 800 supermarkets, shopping centers, 150 shopping malls, 9,000 . the first retail outlet establishment, along with successive outlets, which are (i) less than 500m2in size, or (ii) located in a shopping mall, and (iii) not classified as a convenience store/mini supermarket can be completed without an economic needs test ("ent") process, but other successive outlets will need to complete the ent process aside … Located in a beautiful location in the walking space around the Sword Lake, opposite Ly Thai To Park, this Postmart Convenience Store is expected to be a favorite destination for many customers, especially during the weekends. As of 2017, there were 1,765 convenience stores in Vietnam, with over 70 percent owned by foreign enterprises. GS25 vs CU to compete for 'K convenience store' position; Mongolia's first fierce battlefield abroad. According to Yun Ju Yong, in Korea GS25 is a 30-year-old retailer and operates about 14,000 convenience stores across the country, of which over 80% are stores operated by franchise model. 1 - Convenience stores in Vietnam The Vietnamese retail store system is vibrant and diverse due to competition from a wide range of convenience store brands, including foreign-invested and domestic stores. The survey report is consist of the two methods as follows The survey is consist of 2 kind of researches. According to Vietnam's chambers of commerce, the average Vietnamese spends about VND 250 . The U.K. has most convenience store having USD 29 billion revenue in 2017 with an annual growth rate of 2.7%. Singapore-Vietnam convenience store joint venture Cheers has opened its third store, on Dinh Tien Hoang Street in downtown Ho Chi Minh City. Business operation Vinmart+ is the fastest growing retail chain in Vietnam, after just over 9 months of operation, the total number of supermarkets and convenience stores of the system has been put into operation of Vinmart has reached the number 74 of which including 19 Vinmart supermarkets and 56 Vinmart + convenience stores nationwide. With more . Nearby area or landmark is Vĩnh Hải. [CJ CHEILJEDANG, GS RETAIL] Food and retail companies are actively expanding their footprints in the Vietnamese ready-meal market, as more young people in the country are looking for convenient and hygienic food. Download Sample Report Now! Vietnam, and especially Ho Chi Minh City (HCMC), its major commercial hub, have seen a swift rise in number of convenience stores in the previous few years. The retailer does not stop there. Seoul [South Korea], May 12 (ANI/Global Economic): GS25 chose Mongolia as the second overseas . You will find convenience grocery stores and supermarkets in Vietnam such as Circle K, Vinmart +, and Family Marts. HCMC is the country's convenience-store hub with over 150 of them, which remain open for 18 hours or more per day. This has led to the growth and attractiveness of the retail sector and especially the convenience store model in this country. Beverages and instant foods are the items that are mostly bought at convenience stores. Circle K, which opened the first convenience store in Vietnam in 2008, now has 40 outlets, all of them open 24 hours a day and seven days a week. You will find convenience grocery stores and supermarkets in Vietnam such as Circle K, Vinmart +, and Family Marts. Convenience stores in Vietnam are one of the fastest growing segments in the industry, along with mini-marts. According to the researcher, Asia's grocery market will be the largest in the world with predicted 6.3 per cent of compound annual growth rate, up to US$4.8 trillion by 2021. CONVENIENCE STORES IN VIETNAM KEY DATA FINDINGS 2021 DEVELOPMENTS PROSPECTS AND OPPORTUNITIES CHANNEL DATA RETAILING IN VIETNAM EXECUTIVE SUMMARY OPERATING ENVIRONMENT MARKET DATA SOURCES Our Clients Register for our mailing list 1-800-526-8630 U.S. (TOLL FREE) 1-917-300-0470 EAST COAST U.S. +353-1-416-8900 REST OF WORLD Google Reviews 4.8 Bui Huy. As of 2019, there are more than 3,000 convenience stores across Vietnam. In conclusion, modern trade of grocery through supermarkets, hypermarkets and convenient stores has become more . Overview The increase of convenience stores (CVS) has changed the eating style of Vietnamese, in a way that they start to eat at eat-in space of the shops. The following is a list of convenience stores or convenience shops organized by geographical location, and by the country where the headquarters are located. "Petrolimex will expand into this sector, each store will host 1500 to 2000 products," a Petrolimex representative said. Both Vietnamese and expats spend a lot of money and time grocery shopping every day. The following is the list of Top 10 Convenience Store Chains in Vietnam. Getting great food at a Circle K convenience store in Hanoi, Vietnam. Multinational chains. How much does the average Vietnamese spend on groceries? Mobile payment to extend its coverage in Vietnam CHANNEL DATA Table 72 Convenience Stores: Value Sales, Outlets and Selling Space 2016-2021 Table 73 Convenience Stores: Value Sales, Outlets and Selling Space: % Growth 2016-2021 Table 74 Convenience Stores GBO Company Shares: % Value 2017-2021 Table 75 Convenience Stores GBN Brand Shares . In spite of the rapid growth, convenience stores account for only two percent of the retail market, providing much room for . Trigger. Circle K opens 24 hours and 365 days a year with . Vietnam's e-commerce sector has already been experiencing significant annual growth of 30% over the past two years, and now it is becoming even more clear that the rise of online shopping is one of the major trends in the future. Getting great food at a Circle K convenience store in Hanoi, Vietnam. According to Deloitte, during the Covid-19 pandemic, convenience stores and supermarkets realized a surge in terms of demands, prevail over brick and mortar retailers. In July 2021, Vietnam faced a surge in Covid-19 infections. Circle K Vietnam is proud to be the first international chain of convenience stores in Vietnam. Vietnam might have the fastest-growing convenience market in Asia by 2021. Vietnam is the fastest-growing convenience store market in Asia, according to IGD (Institute of Grocery Distribution). 76% have used canteen at the convenience stores. The convenience store market has attracted Vietnam's leading retailers including VinGroup and Saigon Co.op, and such leading foreign firms as Circle K, B's Mart, Mini Stop, 7-Eleven, and GS25, among others. Company or . The Vietnam National Petroleum Group (Petrolimex) will join the convenience revolution after five years of research as it plans to open convenience stores across its network of 5,200 gas stations, reports Inside Retail Asia. With the new expansion, the South Korean convenience store operator expects to gain a strong position in the Southeast Asian market as Vietnam's economy has witnessed significant growth during recent years. TOKYO -- Japan's third-largest convenience store chain, FamilyMart Co. Ltd., plans to open its first store in Vietnam, as it faces a mature home market and seeks to target growth in Southeast Asia . 2,231 people like this. According to a report published by Q&Me, as of April 2021, Vinmart+ was the leading convenience store chain in Vietnam with over 2.5 thousand stores, followed by Bach Hoa Xanh with 1.6 thousand. toward convenience stores in Vietnam. The figure is 15,000 for Japan and 700 for Thailand. Vietnam convenience store image and brand. The 1st Circle K store was launched on December 25, 2008 and up to now, Circle K has more than 100 stores in Ho Chi Minh City. the new convenience store chains and the convenience stores that can be commonly found in Vietnam are Vinmart+ and Circle K. Reckitt Benckiser Vietnam, our sponsor, sees this as an opportunity to expand the business of Durex including lubricant gels and condoms by targeting the convenience store channel. Noticeably, Millennials with the tremendous spending power have become . - Jun 2016: Launch FamilyMart first store at Vung Tau, the number of the store of FamilyMart reached 100 at the same time. South Korean convenience store chain GS25 entered Vietnam in January last year, opening a store in Ho Chi Minh through a joint venture with the Son Kim Group, which operates in retail, real estate and media sectors. The Institute of Grocery Distribution (IGD) noted that Vietnam is the fastest-growing convenience store market in Asia. The compound annual growth rate of Vietnam's convenience stores is at 37 per cent, while the figure for Indonesia is only 16 per cent. Euromonitor International's Convenience Stores in Vietnam report offers insight into key trends and developments driving the industry. Of that, the convenience store sector will . Convenience stores expected to be the next big thing in franchising in Vietnam Viet Nam News/Asia News Network / 12:21 PM August 12, 2019 At a Co.op Food franchisee in HCM City. The majority of that investment will be to open . Over the last six years, the number of corporate-run corner stores has quadrupled, according to a report released last week by Nielsen, far outpacing the growth of traditional shops and trade centers.Vietnam's convenience store market is expected to hit a growth rate of 37.4% by 2021, making it the fastest . In Asia-Pacific, countries such as Japan, South Korea market for convenience store is growing at a rate of 3.8% annually in 2017. (Chamber of Commerce and Industry of Vietnam, 2016) According to Dinh Thi My Loan, the chairman of the Vietnam Association of Retailers, every 100,000 people would normally require a large shopping center; 10,000 people would normally need a supermarket; 1,000 people would need 1-2 convenience stores. Tri Cuong, Faculty of Business Administration, Industrial University of Ho Chi Minh City, Vietnam. Convenience stores in Vietnam are competing with street vendors and roadside stalls as well as traditional markets that can be find at every quarter. 2,308 people follow this. In spite of the rapid growth, convenience stores account for only two percent of the retail market, providing much room for . While convenience stores were barely present in Vietnam only a few years ago, local and foreign chains are now battling fiercely to gain a dominant position in the country. The modern trade increase more outstanding in second cities (HCMC and Ha Noi) Vingroup leads modern trade increase, with dominant share in department, convenience store (Vingroup + Shop & Go) and . Vietnam is witnessing the strong expansion of small supermarket and convenience store chains applying high-tech solutions in sales, storage and customer management. Since 2006, there are several chains of convenience stores in Vietnam, mostly seen in Ho Chi Minh City. 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