Japanese firm joins minimart venture

Japan's retailing company Ministop has entered a partnership with the local trading and service joint-stock company G7Mart to develop a system of convenience shops in Vietnam.
Japan's retailing company Ministop has entered a partnership with the local trading and service joint-stock company G7Mart to develop a system of convenience shops in Vietnam.

Initial investment for the system of 500 shops nationwide by 2016 is 10 million USD, according to Dang Le Nguyen Vu, chairman of G7Mart and its parent coffee firm Trung Nguyen.

Of the total amount, the Vietnamese partner will provide 75 percent and the Japanese company, 25 percent./.

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