Central Retail in Vietnam boosts investment in Hung Yen province

On the afternoon of July 7, 2024, in Hung Yen province , the Conference "Announcing the planning and promoting investment in Hung Yen province" took place. At the event, Central Retail Group in Vietnam was honored to receive the "Decision approving investment in implementing the GO! Hung Yen Trade Center project" from the leaders of Hung Yen province, witnessed by Prime Minister Pham Minh Chinh; Central Committees, Ministries, and branches; representatives of a number of diplomatic agencies, embassies, and international organizations; Leaders of provinces and cities in the Red River Delta; Leaders of corporations with foreign direct investment (FDI), ...

Leaders of Hung Yen province presented the "Decision approving investment in the GO! Hung Yen Trade Center project" to the representative of Central Retail Group in Vietnam. (Photo: DN)

This is an important premise for Central Retail in Vietnam to accelerate the construction progress and put the GO! Hung Yen Commercial Center project into operation soon in 2025. This opens up opportunities for goods from Hung Yen province, especially agricultural products and OCOP products of the province, to be widely distributed throughout the country through the GO! supermarket chain nationwide.

Mr. Christian Olofsson , Chairman of the Commercial Center Division - Central Retail Group in Vietnam, said: “In Hung Yen province, we have just started construction of GO! Hung Yen Commercial Center with a total area of ​​nearly 16,000 m2. When the project comes into operation in 2025, it will create hundreds of direct and indirect jobs, contributing to improving the quality of life of people in Hung Yen and neighboring provinces. GO! Hypermarket will supply more than 40,000 items to local people, opening up more opportunities to develop Vietnamese goods”, said Mr. Christian Olofsson.

Accordingly, through the food retail supermarket chains GO!, Big C, Tops Market, typical specialty agricultural products, especially longan, as well as OCOP products from Hung Yen will have the opportunity to be strongly distributed not only locally but also in our retail chains nationwide. In addition, our pricing strategy is to provide food at the best price to people, always 5% lower than the next cheapest option, helping people shop at the best price with international quality and meeting safety standards.

When completed, GO! supermarket will provide more than 40,000 items to local people, opening up more opportunities to develop Vietnamese goods. (Photo: DN)

Central Retail aims to expand to 58 cities and provinces across the country. We not only focus on urban areas, but also want to develop commercial infrastructure in rural areas to contribute to local economic development, create jobs for people and consume Vietnamese products....

The increase in investment in Hung Yen province in the context of the world economy and Vietnam still facing many difficulties and challenges is a testament to Central Retail's belief in the investment and business environment in Vietnam. We are committed to continuing to expand investment in Vietnam, contributing more to the socio-economic development of Vietnam."

Central Retail officially entered the Vietnamese market in 2012. Over the past decade, the group has made great strides and become one of the leading retail enterprises in Vietnam. Central Retail's ecosystem in Vietnam is quite diverse with famous brands such as: GO! Shopping Center, GO! Hypermarket, Tops Market, Big C, Lan Chi Mart, Nguyen Kim, Supersports, Come Home and Kubo operating with a retail network covering 42 major cities and provinces across the country with a total retail area of ​​over 1,000,000 square meters, with more than 340 stores, with a staff of 15,000 people, serving more than 390,000 customers every day.

Source: https://congthuong.vn/central-retail-tai-viet-nam-day-manh-dau-tu-vao-tinh-hung-yen-331026.html