Japanese retailer Ryohin Keikaku has announced that it will establish MUJI Co., Ltd., Vietnam in August 2019 and open its first store in the southern economic hub of Ho Chi Minh City in 2020.
Hanoi (VNA) – Japanese retailerRyohin Keikaku has announced that it will establish MUJI Co., Ltd., Vietnam inAugust 2019 and open its first store in the southern economic hub of Ho ChiMinh City in 2020.
MUJI is a global brand of retail stores, sellinga wide range of products with reasonable prices such as household items,furniture, and cosmetics.
With the third-largest population among ASEANcountries and strong economic growth, Vietnam has become a key market in theSoutheast Asian region.
This is part of the reasoning behind theJapanese retail company’s selection of Vietnam as its next destination toexpand business operations.
Many Japanese brands are already present in theVietnamese retail market, such as AEON, Takashimaya, 7-Eleven, and now Sumitomowith FujiMart.
AEON was the first to enter the country. AEONGroup has four shopping malls in Hanoi, Binh Duong, and Ho Chi Minh City. Itplans to build a new mall in Hanoi and another in Hai Phong in the near future,working towards a total of 20 malls across the country by 2020.
Japanese retailer Takashimaya decided to conquerthe Vietnamese market by setting up its first shopping mall in Ho Chi Minh Citywith the capital of over 25 million USD.
In July 2017, the first 7-Eleven store waslaunched in Ho Chi Minh City via Seven System Vietnam (SSV) as the master franchiseeof the 7-Eleven convenience store system in Vietnam, making Vietnam the 19thcountry to host the world’s largest convenience store chain. –VNA
With an impressive growth rate in less space and smaller capital requirement, convenience stores and mini-supermarkets are finding favour with investors. The Sai Gon Giai Phong newspaper reports.
Retailers from Thailand, Japan and the Republic of Korea (RoK) are rushing to enter the Vietnamese market, putting pressure on domestic manufacturers, according to an article published on the English language news portal VietNamNet Bridge.
Japan’s retail giant Aeon announced that it has formed a business alliance with two Vietnamese retailers namely Fivimart Co., and CitiMart Co., with a view to expanding its operation in the country.
Domestic retailers must work to outline rational business strategies to gain a competitive edge over their foreign rivals, especially as the local retail market has become more attractive than ever to foreign investors.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A Muji store in Japan (Photo: Reuters) 
