Hiền Đức
Hien Duc Group

Saigon Co.op obtained vnd 30,000 billion in 2017

Talking to VnExpress, Mr Do Quoc Huy, leader of the Sai Gon Union of Trading Co-operatives (Saigon Co.op) highlighted the smoothness in the company’s business operations during 2017 with an extensive network spreading across provinces and cities.


Accordingly, the company gained VND 30,000 billion for the whole year, increasing by 7% compared to 2016 and achieved a profit equalling 100% of the plan. In particular, the Co.opextra model observed the highest growth rate (35%), followed by Co.opfood (20%) and Co.opmart supermarkets (10-12%).

“In order to boost business activities, this year, we intend to open additional hypermarkets, 20 Co.opmart supermarkets and 100 Co.opfood stores nationwide. Notably, this year will mark the launch of our online sales for consumer’s greater convenience. Furthermore, there will be a chain of high-end stores, which offered carefully selected products,” said, Mr Huy.
In parallel to promoting the network, the unit strengthened its cooperation with the Vietnam Women’s Union to open 68 Co.op stores in Binh Chanh, Cu Chi and Hoc Mon districts. In 2018, the two organizations will build new stores under the “Affiliated Co.op Smile” model.

Other News & events

CapitaLand was listed in the top 100 on Forbes 2017 Global 2000
Dated: 03/05/2018  | 
On October 17th, CapitaLand became one of two Singapore-based companies listed in the top 100 on Forbes’ 2017 Global 2000 - an annual ranking of 2,000 public companies in 58 countries by Forbes magazine.
CapitaLand - Hien Duc revealed about the partnership at the Westlake project in Hanoi
Dated: 03/05/2018  | 
Before some information Asian real estate CapitaLand invested in the project "land gold" West Lake to build complex $ 217 million, we had an interview with representatives of CapitaLand Vietnam and Public Representative Hien Duc Joint Stock Company to better understand this billion-dollar business.
Why has Co.opmart retained its position as a leading retailer in VietNam?
Dated: 03/05/2018  | 
As fertile land, Vietnamese retail market is witnessing fierce competition among domestic and international brands such as Co.opmart, Aeon, Lotte and Central Group. This forces existing supermarkets to change their business models and pricing strategies as well as their marketing methods.
Over US$6 Billion going to flow into Thanh Hoa
Dated: 03/05/2018  | 
As reported, at this conference, by the Chairman of the People’s Committee of Thanh Hoa province, the provincial authority will grant the investment certificates, approve the investment policies and conclude the investment memorandum for 32 projects
Prime minister met with capitaland ( Singapore ) president
Dated: 03/05/2018  | 
The Prime Minister encouraged CapitaLand to effectively invest further in the new urban development model in Vietnam through large and long-term projects whilst supporting the investment policy of Raffles Complex in Vietnam - a model that has been successfully launched by CapitaLand in many parts of Asia.
Architect salvador perez arroyo: Passion creates the masterpiece
Dated: 20/02/2018  | 
It is hard to tell Salvador’s life story in several pages. One thing is certain, that over 40 years of practice, he has published dozens of books and hundreds of essays on modern and postmodern architecture.
The buying power and the number of customers at Co.op Mart tripled during the vietnamese new year holiday
Dated: 27/02/2018  | 
On the morning of February 21st, 2018 or January 06th, 2018 lunar calendar, the Saigon Union of Trading Co-operatives (Saigon Co.op) briefly reported the business situation during the Vietnamese New Year holiday to the delegation of the City Party Committee – the People’s Committee of Ho Chi Minh City led by Mr Tran Vinh Tuyen, Vice Chairman of the People’s Committee of Ho Chi Minh City.