People line up on the opening of the first 7-Eleven store in Ho Chi Minh City (Photo: kenh14.vn)
HCM City (VNA) – 7-Eleven Inc opened its first convenience store in Vietnam onJune 15, the first among 20 stores it plans to open in HCM City this year.
The storeis located on the ground floor of District 1’s Saigon Trade Centre.
Thestore, which will provide fresh food, beverages and high-quality goods, isexpected to offer stiff competition to similar stores such as Vinmart ,Shop&Go, Circle K and Ministop.
7-Elevenwas established in 1927 in the US state of Texas and was taken over by Japan’sSeven & I Holdings Group in 2015.
Vietnam isthe 19th country where 7-Eleven has located. The company plans to open 100 storesin the next three years and 1,000 within a decade in Vietnam.
7-Elevenis the world’s largest convenience retailer with roughly 62,000 stores in 19countries and regions.
Every twohours, a 7-Eleven store opens globally. Last year, the company opened 4,000stores worldwide.
HCM Cityhas about 1,600 convenience stores under 10 companies, and the number isexpected to increase, according to Forbes Vietnam.
Accordingto a global food and grocery experts (IGD) survey, Vietnam is expected to bethe fastest-growing convenience store market in Asia by 2021.-VNA
The retail market in Vietnam has recently witnessed a boom in development of mini marts and convenience stores with participation of not only domestic firms but also foreign giants.
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People line up on the opening of the first 7-Eleven store in Ho Chi Minh City (Photo: kenh14.vn) 
