With financial support from IFC, GS25 VN will implement a plan to expand its chain of stores nationwide.
The signing ceremony was attended by representatives of GS Retail Korea (Korea SE: 007070:KS), a partner owning 30% of the shares in the GS25 VN joint venture. At this ceremony, GS25 VN also signed a consulting contract with IFC to improve food hygiene and safety standards, reduce food loss and waste.
GS25 VN will implement a plan to expand the GS25 retail chain with nationwide coverage, bringing essential, quality, and safe products to people quickly. At the same time, the expansion of the chain of stores also creates job opportunities for many local young people, helping them both earn income and accumulate practical life experience. On the other hand, it helps the system of manufacturers and suppliers have the opportunity to approach customers in a more convenient and professional way... Meaningful contributions to the community are important criteria that IFC considers when deciding to choose an investment partner.
Son Kim Retail is a member of Son Kim - a corporation established and developed in Vietnam, operating in a variety of fields from high-end real estate development (Son Kim Land brand) to retail brands including convenience stores, fashion , F&B, TV shopping and some other services. Son Kim Retail has been building a growth strategy based on three main platforms: Market Place, Trading House and Logistics.
Each member of the group ecosystem develops in its own field while connecting services from other member units to bring customers the most diverse and complete experiences. With a business philosophy of pursuing sustainability and contributing to society, along with high professional experience and an increasingly strong retail infrastructure, Son Kim Retail is confident that it is the unit that major international partners and investors want to make decisions to cooperate or invest in when choosing the Vietnamese market.
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