$80m to set up E-Mart in Vietnam

A joint venture contract to set up E-Mart Vietnam was signed between Vietnam U&I Group and Korea-based E-Mart on July 7 at Intercontinental Hotel (Hanoi).

The project has initial investment capital of $80 million, with 80 percent contributed by E-Mart and 20 percent remaining will be from U&I for first shops in Hanoi.

E-Mart Vietnam plans to increase the investment and expand continuous operations to reach 50 shops in Vietnam’s big urban zones in the next 20 years with a total investment of up to $1 billion.

E-Mart is best known for the food commodities and fresh agricultural products.

Tags: E-Mart, E-Mart Vietnam

Posted by VBN on Jul 8 2011. Filed under Retail. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry