Saigon Co.op to grow fatter in Dong Thap

June 30, 2016 | 15:29

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Leading Vietnamese retailer Saigon Union of Trading Cooperatives, better known as Saigon Co.op, is planning to expand its operations in the Mekong Delta province of Dong Thap to capitalise on the growing local spending power.

At a meeting with local leaders on June 23, general director of Saigon Co.op Nguyen Thanh Nhan said that his group was ready to invest in a new supermarket in Hong Ngu town, where the shopping demand is on the rise.

"Dong Thap is the only regional locality that Saigon Co.op wants to develop three supermarkets in," Nhan added.

Nguyen Hung Trang, Chairman of the Hong Ngu People's Committee, welcomed the plan, recommending Bo Dong residential area, Hong Ngu's trade centre, as a suitable location for the new project.

Saigon Co.op has invested in two supermarkets in Dong Thap so far. Cao Lanh supermarket was put into operation in December 2014, while the other one in Sa Dec is scheduled to open gates in the third quarter of 2016.

Since late 2014, the firm has sought to develop its network and continue the expansion of its operations, particularly convenience store outlets. To date, Saigon Co.op has opened 91 Co.op food stores, mostly in Ho Chi Minh City.

According to its 2016 plan, the company would open eight more convenience stores by the end of the year and hopes to maintain an average of 20-30 new openings per year across the country.

By By Bich Thuy

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