Business

Saigon Co.op, FairPrice to open hypermarkets in Vietnam

The Saigon Union of Trading Co-operatives, Limited (Saigon Co-op) and Singapore NTUC FairPrice Co-operative, Limited (FairPrice) announced their Saigon Co.op – FairPrice joint venture on May 4 with a proposed new chain of hypermarkets.
The Saigon Union of Trading Co-operatives, Limited (Saigon Co-op) andSingapore NTUC FairPrice Co-operative, Limited (FairPrice) announcedtheir Saigon Co.op – FairPrice joint venture on May 4 with a proposednew chain of hypermarkets.

The joint venture, whichhas an initial investment of 6 million USD of which 64 percent wascontributed by Saigon Co.op and 36 percent by FairPrice - will set uptwo hypermarket chains throughout the country under the brand namesCo.opXtra and Co.opXtraplus.

The Chairman of SaigonCo.op said that the joint venture will launch one or two hypermarketseach year in major cities and the first Co.opXtraplus, invested with 9million USD, is scheduled to open in Thu Duc district, Ho Chi MinhCity in mid-May.

Co.opXtra targets individuals andhouseholds and Co.opXtraPlus will focus on organisations, companies,schools, hotels, restaurants and other such enterprises, he added.

Saigon Co-op currently operates the Co-op Mart supermarket chain andCo-op Food and Co-op stores in Vietnam with a strong presence in HoChi Minh City and some other provinces.

FairPrice is aretail giant in Singapore with over 260 supermarkets, hypermarkets andother stores accounting for 57 percent of the country’s market share.-VNA
Follow VietnamPlus

See more

Chanh Thon carpentry village in Nam Tien commune, Phu Xuyen district, Hanoi (Source: nongthonmoihanoi.gov.vn)

Hanoi to develop 254-million-USD industrial cluster

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

A visitor experiences technologies at the event. (Photo: VNA)

Vietnam Beautycare Expo 2025 opens in Hanoi

The Vietnam Beautycare Expo 2025 aims to facilitate trade and business connections between industry professionals, helping visitors seek out suppliers, distribution partners, and retailers in the beauty and personal care sectors.

The Boeing 787-9 Dreamliner with special livery featuring the chim Lac (Photo: VNA)

Vietnam Airlines unveils Lac bird-themed livery on Boeing 787-9 aircraft

Vietnam Airline Deputy General Director Dang Anh Tuan said that the Lac bird embodies the pioneering spirit, the desire to conquer, and the will to continuously rise, adding displaying the symbol on Boeing 787, a pride of the global aviation technology, showcases the airline’s aspirations to connect the tradition and the future while carrying the Vietnamese identity across the world.

Khanh Hoa welcomes return of Russian tourists (Photo: VNA)

New charter flights boost Russian tourism to Khanh Hoa

Flight EO3661 operated by IKAR Airlines landed at Cam Ranh International Airport on April 18, carrying 350 Russian tourists from Novy International Airport in Russia. This marks the first charter flight organised by Pegas Misr Vietnam Travel Co., Ltd. to bring Russian tourists back to Khanh Hoa after a long pause due to the COVID-19 pandemic.

Prime Minister Pham Minh Chinh (right) and Associate Vice-President of IFAD’s Department for Country Operations Donal Brown (Photo: VNA)

PM seeks IFAD’s support for Vietnam’s carbon credit market development

Highlighting the country's commitment to developing green and sustainable agriculture, PM Chinh requested IFAD to increase preferential loans and promote non-refundable aid for projects applying scientific and technological innovations in agriculture, while helping Vietnam successfully carry out the one million hectares of low-emission, high-quality rice project.

At the discussion on "Revitalising and Unleasing Finance Strategy for Global Green Growth". (Photo: VNA)

Green growth – an irreversible global trend: P4G discussions

Ministerial discussions were held on April 17 within the framework of the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit, bringing together domestic and international officials to address critical aspects of sustainable development and green transition.