Metro mulls third wholesale hypermart in Saigon

Metro Cash & Carry Vietnam has said it is working on a plan to build the third wholesale centre in HCM City following the success of its first two centres in the city.
One of Metro’s two centres in the city is in Binh Phu in District 6 and the other in An Phu in eastern District 2, so Metro wants the forthcoming facility to be located in the city’s north.
At a meeting with city chair Le Thanh Hai on March 7, Metro AG chair and CEO Hans J. Koerber and Metro Cash & Carry Vietnam general director James Scott said Metro saw the city market was holding great growth potential, so it wanted another centre here.
Work on the third centre is expected to start in June and be completed late this year if approval is forthcoming.
Chair Hai appreciated Metro’s commitment to further investment and contributions to the city’s economy and said the city government was considering an appropriate location for Metro’s third centre.
Metro Cash & Carry Vietnam was licensed by the Ministry of Planning and Investment in2001 with total investment capital of US$150 million.
In addition to HCM City, Metro has a wholesale centre in Hanoi and another in the Mekong Delta city of Can Tho.
Koerber said Metro Cash & Carry Vietnam planned a total of about 12 wholesale centres in major cities in the country.

 

Category: Business