Saigon Co.op achieved revenue of 30,000 billion VND.

On March 17th, at the conference summarizing business activities and Party building work of the Ho Chi Minh City Commercial Cooperative Union (Saigon Co.op), Mr. Nguyen Anh Duc, General Director of Saigon Co.op, announced an ambitious goal for 2025: to achieve e-commerce sales of up to 3,500 billion VND, a 30% increase compared to the previous year.

This is an important target in Saigon Co.op 's development strategy, aimed at enhancing competitiveness in the retail market and attracting potential young customers.

At the conference, Mr. Nguyen Anh Duc shared that in 2024, Saigon Co.op overcame numerous challenges from the global and domestic economies to achieve impressive revenue of nearly 30,000 billion VND. One of the factors contributing to this success was the strong contribution of e-commerce, which accounted for more than 10% of total revenue, with a growth rate of nearly 50% compared to the previous year. In addition, Saigon Co.op's retail network continued to expand with new outlets such as Co.opmart Pham The Hien, Co.opXtra Long Binh, and Co.opXtra Ta Quang Buu. These outlets not only meet the shopping needs of the people but also apply modern technology and artificial intelligence, providing an optimal shopping experience for customers.

Saigon Co.op not only focuses on expanding its business scale but also emphasizes digital transformation and improvements to its logistics and warehousing systems. These strategies not only enhance operational efficiency but also create added value for customers and partners. In particular, Saigon Co.op has launched environmental protection programs with initiatives such as "Green Consumption" and "Green Living," contributing to changing consumer awareness of environmentally friendly products.

Besides business development, Saigon Co.op also places great emphasis on community activities. To celebrate its 35th anniversary, Saigon Co.op launched the Co.op Cares platform, implemented over 150 social projects, and organized many vibrant activities on online platforms. This is not only a commitment to the community but also a testament to Saigon Co.op's motto, "Bringing happiness to every Vietnamese family." In addition, Saigon Co.op continues to maintain cooperative activities with member cooperatives, supporting the consumption of agricultural products and OCOP products.

In a challenging year, Saigon Co.op received many prestigious awards, including "Vietnam Cooperative Star of the Year 2024" and "For the Cause of Cooperative Development" from the Vietnam Cooperative Union . The company also actively participated in market stabilization activities, deploying over 473 mobile sales trips to remote areas and industrial zones, serving the shopping needs of people with stable prices.

In 2025, Saigon Co.op will continue to maintain its stable growth strategy, aiming for a 4%-6% increase in sales, along with a plan to develop 154 ​​new retail outlets. Mr. Vu Anh Khoa, Chairman of the Board of Members of Saigon Co.op, believes that e-commerce will play a crucial role in achieving the revenue target of VND 3,500 billion, with a growth rate of over 30% compared to the previous year. Saigon Co.op's operational theme for 2025 is "Innovation, Discipline – Enhancing Digitalization," aiming to improve business efficiency and continue creating sustainable value for the community.

Also at the conference, Mr. Nguyen Nguyen Phuong, Deputy Director of the Ho Chi Minh City Department of Industry and Trade, acknowledged the significant contributions of Saigon Co.op in providing a stable food supply for the city. Mr. Phuong emphasized that Ho Chi Minh City expects Saigon Co.op to continue to play this role, especially in the context of a challenging global economy. The city is committed to supporting Saigon Co.op in implementing its development strategies, while also facilitating the resolution of difficulties and administrative reforms.

Mr. Phuong also pointed out that Saigon Co.op is facing significant challenges, especially fierce competition in the retail industry. Therefore, city leaders expect Saigon Co.op to continue improving product quality, expanding its distribution network, and strengthening quality control to protect its brand reputation. Along with that, the application of technology in management and operations is an indispensable element to enhance business efficiency in the future.

Ho Chi Minh City leaders also emphasized that, for sustainable development, Saigon Co.op needs to focus on developing its staff, especially young, capable, and qualified personnel. This will help Saigon Co.op not only maintain stability during its development but also create a dynamic, creative workforce capable of meeting the increasingly high demands of the market. In addition, building a sustainable retail ecosystem through supply chain linkages is also a key factor for Saigon Co.op's strong growth in the coming years.

Mr. Phuong expressed his confidence that, with the continuous efforts of the leadership and all staff of Saigon Co.op, the unit will continue to overcome all challenges, achieve its goals in 2025, and contribute to the overall development of Ho Chi Minh City and the whole country.

The story of Saigon Co.op is not only a testament to sustainable development in the retail industry, but also a journey full of effort, creativity, and responsibility towards the community. With the support of the Ho Chi Minh City government, along with innovative strategies, Saigon Co.op will certainly continue to be one of the pioneering brands in providing stable, high-quality, and environmentally friendly consumer goods.

Source: https://saigonco-op.com.vn/tin-uc/tin-saigon-co-op/saigon-co-op-dat-doanh-thu-30-000-ty-dong