Operating in the market for only two years, with a growth rate that constitutes a historical record in the retail sector, Vinmart, belonging to the Vingroup corporation, is now on the list of the most important brands in Vietnam. Economic experts expect Vingroup to redraw the national retail market and create a balance for Vietnamese companies in the face of the "storm" that represents the presence in the market of foreign retail groups.
The Vinmart brand officially appeared on the market on November 20, 2014 with a massive launch of nine supermarkets in Hanoi. After almost two years (until June 2016), Vinmart has 50 supermarkets with 830 Vinmart + nationwide. The figure shows that on average almost three Vinmart and 46 Vinmart + supermarkets are launched (more than one daily store) every month.
To have such miraculous growth, Vinmart has a powerful financial source for Vingroup. However, the reality demonstrates the fact that to operate well in the retail market with high competitiveness, the financial potential is not sufficient and requires management skills, experience and a long-term vision.
First, the Vinmart + mass coverage strategy should be mentioned. It is a chain of stores with a total area of ??less than 500 m2 that are scattered in small streets and alleys in residential areas of the cities, creating comfort for customers.
Not only does it satisfy the customers' demand for the necessary daily goods like other useful stores, Vinmart + also supplies high quality fresh vegetables, fruits and meat at reasonable prices. These products have clear sources of origin and are strictly controlled under the general process of the entire system.
Southwest Atlantic Squid Index: Illex Squid (Illex Argentinus) China
In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
Fishing Exports Increased by 10.4% in Q1 Argentina
This increase can be largely explained by the significant increase in squid sales compared to the same period last year, something that could change starting in April due to high competition from the ...