24 March 2022
Vietnam

SC has signed a shareholders’ agreement to extend its partnership with BRG Group regarding the full-scale development of the FujiMart grocery supermarket chain. Based on this Agreement, our plan is to aggressively expand throughout Vietnam, and we aim to open approximately 50 new stores by 2028.

In recent years, the overall grocery retail market in Vietnam has been expanding rapidly due to rising personal incomes and improved living standards bolstered by economic growth. In addition, growing consumer awareness in areas of food security and safety, including hygiene measures taken to fight COVID-19 infections, has led to a shift from traditional retail outlets run by individual proprietors to modern stores, such as supermarkets and convenience stores which offer superior levels of safety and convenience.

SC and BRG Group opened the first FujiMart store in Hanoi in 2018, with three currently in operation, and have been verifying market characteristics as well as business feasibility through the operation of these stores.

SC and BRG Group’s Fujimart Joint Venture Agreement Signing Ceremony on 24 March 2022

FujiMart Store No. 3 (carries roughly 8,000 items, including fresh foods and daily necessities)