TPHCM to link with 20 cities and provinces to develop commercial infrastructure - TPHCM to link with 20 cities and provinces to develop commercial infrastructure - Website Ho Chi Minh City
Ending of the first phase (2011-2015) and implementation of trade co-operation between HCMC and 20 cities and provinces in Southeastern and Southwestern regions, HCMC has carried out many breakthrough solutions, created favorable conditions and encouraged enterprises to strongly develop their distribution systems, to expand retail market, especially modern retail models.
Till now, after 5 years, enterprises like Saigon Co.op, Citimart, Fahasa, BigC, Nguyen Kim, The Gioi Di Dong, etc. have invested a total of 13 trade centers, 260 general and specialized supermarkets, 500 stores and general agents in cities and provinces.
Specifically, Saigon Co.op has invested VND 16,101 billion to develop 2 trade centers, 2 Co.opmart hypermarkets, 96 Co.opFood stores, etc. While Nguyen Kim has invested 21 electronics supermarkets nationwide. Vinatex has 3 supermarkets worth VND 79 billion and Fahasa with 80 supermarkets and bookstores.
In addition, enterprises of market stabilization program in HCMC have strongly developed their retail points. A total of 10,140 retail points covering almost districts and neighboring areas, many appear at industrial parks and imp-export processing zones. Some enterprises like Vinamilk, Nutifood, Vissan, Cau Tre, Vinh Tien, Minh Tien, Vinh Thanh Dat, etc. have established their distribution networks nationwide. Some fresh food suppliers like Ba Huan, San Ha, Pham Ton, Huong My, etc. have not only maintained a stable development in Southeastern Southwestern areas, but also expanded to the North through developing their distribution systems and workshop construction.
The development of distribution networks in cities and provinces in the past time has created connectivity and enhanced co-operation efficiency between enterprises of HCMC and other cities and provinces. The connectivity of investment and development of distribution networks have helped HCMC’s enterprises expand their consumption markets, offer jobs and implement the mission of market stabilization in localities.