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The famous Japanese retail chain is about to enter Vietnam

Thursday - 21/02/2019 17:54
MUJI plans to establish its subsidiary in Vietnam this year and open the first store in Ho Chi Minh City early next year.
Ryohin Keikaku - the parent company of MUJI retail brand recently announced, decided to establish MUJI Vietnam Co., Ltd. to develop business in Vietnam. As planned, the company will be established in August, headquartered in Ho Chi Minh City and 100% owned by Ryohin Keikaku. MUJI's first store will be opened in early 2020 in Ho Chi Minh City.

MUJI is a retail chain known throughout the world for a wide range of products from home appliances, furniture to clothing, cosmetics at affordable prices ... Currently, this brand has 928 stores all over the world, including 454 stores in Japan. Although there are no stores in Vietnam, MUJI cosmetic products are very popular with customers.

"Vietnam is the third most populous country in Southeast Asia and the economy is growing rapidly. We see this as a key market in ASEAN, with 2018 GDP growth of 7.1%." , Ryohin Keikaku explained about the decision to establish a company in Vietnam.

Japanese businesses hope, with experience and know-how in the global market, will help MUJI operate its daily shipments and increase the number of customers in the region.

Author: Translated by CoPhieuViet.Com

Source: Vnexpress newspaper

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