The HCM City Books Distributors Joint-stock Company (Fahasa) has been named one of the top 500 Asia-Pacific retailers in 2012 by Singapore-based Retail Asia magazine.

It has also been named one of the top ten retailers in Vietnam , marking the presence of the only cultural product business in the list this year.

These titles were attributed to Fahasa’s good business performance. Last year, despite the economic recession, its turnover reached 1.4 trillion VND, a 10 percent year-on-year increase.

Currently, the distributor has 56 bookstores throughout the country.-VNA