Sign up | Log in



 23 Apr 2009

Related Stories

April 18, 2009
Foreign ownership cap to rise to 49% in Vietnam 

March 25, 2009
Athletic product giant closes Vietnam plant 

March 13, 2009
Vietnam grants Japanese firm retail license

March 9, 2009
Foreign Direct Investment:
Vietnam tops the list of foreign investors in Laos

February 16, 2009
Vietnam: Global slump seen denting FDI inflow 

February 13, 2009
Investment Prospects:
Vietnam ranked third in Japanese business survey

December 29, 2008
Vietnam to grant licence to US utility firm

Japan's FamilyMart to enter Vietnam

Japan's third-largest convenience store chain, FamilyMart Co Ltd (8028.T), said it plans to open its first store in Vietnam, targeting growth in Southeast Asia as it faces weak prospects in its mature home market, reported Reuters.

It will be the first major Japanese convenience store chain to enter Vietnam, as FamilyMart and rivals like Seven-Eleven look overseas amid a gloomy outlook in Japan due to an ageing population and a saturated market with over 40,000 stores.

FamilyMart said on Wednesday it plans to set up a joint venture with Vietnamese distribution company Phu Thai and open a store in Ho Chi Minh City by the end of this year.

The company did not give a target for store numbers but said the pace of openings would likely be similar to what it did in South Korea and elsewhere, which would be around 300 stores in five years.

"Vietnam's population is young, and we see potential in its consumer demand," said FamilyMart spokesman Takashi Shinno.

FamilyMart has been expanding aggressively in Asia, and it has about 4,200 stores in South Korea and 2,300 in Taiwan.

It plans to add 667 stores overseas in the year to February 2010, bringing its total stores abroad to 7,914 and topping the number of stores it has Japan.

Industry leader Seven-Eleven, a unit of Seven & I Holdings, and No. 2 Lawson Inc have also been opening more stores in Asian markets, mainly China.








Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand