S.mart to strike back for local retailers
The supermarket chain will be named S.Mart and managed by R.H Group, a C.T Group member company which has 20 years retail industry experience.
A R.H Group representative said the plan would not only create more profits for enterprises, but also enhance the position of local retailers which is gradually being dominating by foreign ones such as Big C, Metro and Lotte that are expanding with a series of large-scale retail developments.
R.H Group would corporate with other domestic retailers to target mid-high income earners in Vietnam.
The first S.Mart supermarket is expected to be opened by the end of this month at No.240 Tran Binh Trong, in Ho Chi Minh City.
The 3,000 square metre supermarket will serve 20,000 different goods including fresh food, technology, cosmetic, household appliances and fashion. Especially, the building will also offer restaurants and services such as a spa and household appliance repairs.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnam can emulate Taiwanese high-tech success (April 17, 2024 | 21:00)
- Capital influx from Taiwan builds up steam in Vietnam (April 17, 2024 | 19:00)
- Chip industry taking on new players (April 17, 2024 | 16:38)
- Support rises in semiconductor chip development in Vietnam (April 17, 2024 | 16:00)
- Beacon Investment Fund to expand Lotus Group's F&B operations (April 17, 2024 | 11:09)
- Public investment progress requires a stronger thrust (April 17, 2024 | 09:21)
- Disbursement delay deemed unacceptable (April 17, 2024 | 09:13)
- Lack of sand prompts alternatives for traffic projects (April 17, 2024 | 08:00)
- Vietnam asks Apple to make it global production base (April 16, 2024 | 16:11)
- SK E&S and T&T Group research LNG project in Quang Tri (April 16, 2024 | 15:38)
Mobile Version