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Japan retailers expand operations in Vietnam

  

Removal of social distance regulations and speedy immunization is encouraging Japanese retailers to expand their business in Vietnam. As a Textile Focus report, Japanese casual clothing manufacturer and retailer, Uniqlo has launched its 11th shop in Vietnam. It opened an online store in the country November last year. Similarly, beauty products manufacturer ReFap plans to launch three stores by the end of this year,

Retail conglomerate Aeon aims to treble the number of shopping malls in the country in the near future. It also intends to offer shares on the Vietnamese stock exchange and make it easier for Vietnamese seafood, clothing, and other items to be exported to Japan.

Japanese companies also plan to step up investments in Vietnam’s textile and apparel industry. Overall goods retail sales and service revenues in Vietnam increased by 18.5 per cent in October 2021 over the previous month. Retailers expect more activities and a 20 per cent rise in profits with the increase in immunization and restarting of economic activities and festivals.

 
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