Business

Indonesian retailers interested in Vietnamese market

Most of the modern retailers from Indonesia, who are engaged in minimarkets and convenience stores, have expressed their interest in expanding business in Vietnam, according to Chairman of the Indonesian Retailers Association (Aprindo) Roy Nicholas Mandey.
Indonesian retailers interested in Vietnamese market ảnh 1A zara store in HCM City operated by PT Mitra Adiperkasa Tbk (MAPI) (Photo: cafebiz.vn)

Hanoi (VNA) – Most of the modern retailers from Indonesia, who areengaged in minimarkets and convenience stores, have expressed their interest inexpanding business in Vietnam, according to Chairman of the IndonesianRetailers Association (Aprindo) Roy Nicholas Mandey.

Roy has called on the Indonesian government to support the retailers’ effortsthrough relaxation of regulations.

“The expansion to Vietnam will not be possible if it is not facilitated by thegovernment,” he said, suggesting the government negotiate with the destinationcountries so that its retailers can obtain business licenses more easily.

According to Nielsen Market Research Company, Vietnam saw strong growth of 13percent in Fast Moving Consumer Goods (FMCG) sales in convenience stores in2018. Meanwhile, the number of minimarkets and convenience stores rose 45.5percent to 1,812 facilities in the year.

In addition, the World Bank said that the number of middle-class people inVietnam reached 11.64 million last year, accounting for 13 percent of the totalpopulation. The figure is forecast to rise 26 percent in 2026.

So far, there have been two modern retailers from Indonesia developing theirbusiness in Vietnam. They are PT Perintis Jasa Paripurna which operates CenturyHealthcare pharmacy outlets, and PT Mitra Adiperkasa Tbk (MAPI) which operatesfashion and food and berverage outlets such as Burger King, Debenhams, H&M,Reebok, Stradivarius and Zara./.
VNA
#modern retailers #Indonesian Retailers Association #minimarkets #convenience stores #interest in expanding business in Vietnam #relaxation of regulations #business licenses #Vietnam News Agency #Vietnamplus Indonesia
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