Japanese drugstore chain enters Vietnamese market
Photo: Bnews
In line with the co-operation agreement, both sides will be looking to fully tap into their respective strengths and expand MatsuKiyo-branded drugstores nationwide as a means of providing Vietnamese consumers with high quality and safe products that follow Japanese standards.
Most notably, Matsumoto Kiyoshi’s flagship store is poised to open in late March 2020 and aims to develop into a standard Japanese store chain over the next three to five years.
Apart from the opening of their first premises, hundreds of stores are also set to spring up over the next few years in order to meet the needs of consumers for health protection and beauty care.
Kiyoo Matsumoto, President of Matsumoto Kiyoshi Holdings Co.Ltd stated that the MatsuKiyo-branded drugstore chain will focus on major products such as Japanese cosmetics, along with products from famous global brands, including health supplements, nutrition supplements, and body care products.
It is also hoped that the chain will provide local buyers with a number of exclusive products and brands from Matsumoto Kiyoshi such as Blanc White and Argelan which have been created by a team of Japanese experts and developed by organic materials.
Le Van May, President and CEO of Lotus Food Group, noted that Vietnamese consumers have a keen interest in goods originating from Japan, especially products relating to health and beauty care.
Japan’s Matsumoto Kiyoshi Holdings is a corporation that has many years of experience in the field of pharmaceutical and cosmetic distribution. Indeed, it possesses the largest drugstore chain in Japan today.
Elsewhere, Lotus Food Group owns a distribution system that covers 61 out of 63 provinces and cities nationwide and enjoys many advantages due to their knowledge about the domestic market and the tastes of consumers.
Related News
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Ensure policies to attract investment when implementing global minimum tax
10:33 | 02/04/2023 Finance
Increase competitiveness when export turnover comes from domestic enterprises
20:38 | 01/04/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export