AuchanSuper plans to open 17 supermarkets in Ho Chi Minh City from now till next year end. Photo credit: Napoli Report
French retailer AuchanSuper said on Thursday it plans to open another 17 supermarkets by next year end in Ho Chi Minh City, where it has had only one outlet since 2002, news website Saigon Times Online reported.
The expansion will need around 35-40 million euros (US$39-44.5 million) and some 1,000 workers, AuchanSuper's CFO Philippe Delalande was quoted as saying at a meeting with the city's vice chairman Le Thanh Liem.
AuchanSuper, which is currently present in 15 countries around the world, will launch the first two new stores named Simply Mart this year, he said, adding that each store will cover 2,000-3,000 square meters.
Accounting for 30 percent of the country's retail sales, Ho Chi Minh City has attracted the interests of many international retailers in recent years such as Japan's Aeon, Thailand's Giant, and South Korea's Lotte.