upcoming events

Dec 2017
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Survey

1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?

Submit

Galleries

This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

SUPPLY CHAIN MANAGER - Detmold Packaging

This role is key member of DPV management team with participation in the development and implementation of strategies to achieve superior, sustainable business outcomes.

PROCUREMENT EXECUTIVE - PHILIP MORRIS

1. PURPOSE OF THE JOB:

Briefly summarize the job's overall purpose or role. What is it expected to be achieved?

Provide overall the support and co-ordination of the procurement & logistics and other related functions.

Ensure the procurement process which fully integrated with the business and the supply market place in a cost effective manner whilst fully comply with relevant PMI & VPM Branch P&P.

Cordinate with VPM to ensure a logistic system which fully integrated with production activities in an effective, efficient manner whilst fully comply with custom regulation and VPM Branch requirements. 

 

2017 Management Trainee
DHL Supply Chain - a business unit of DHL Global, is the global market leader in contract logistics, providing warehousing, managed transport and value-added services at every link in the supply chain for customers in a variety of industries.

SOUTHEAST ASIAN CONVENIENCE CHAINS LEADING A RETAIL REVOLUTION

2017-11-30 17:46:07

Share with friends

SOUTHEAST ASIAN CONVENIENCE CHAINS LEADING A RETAIL REVOLUTION

 

Local players thrive by carefully adjusting lineups, enhancing services

 

Aisles are barely wide enough for a single person at VinMart's Le Duan outlet, but the store makes up for it with an effective layout.

 

HANOI/YANGON -- A kind of retail revolution is taking place in Southeast Asia's convenience-store sector, as stores find a competitive edge by adjusting product offerings based on time of day, and offer a level of service on par with stores in Japan and other advanced economies. Such efforts are helping bring prosperity to the region's convenience-store business.

 

Take the VinMart Plus chain of stores operated by Vietnamese property developer Vingroup. Since 2016, when the company began opening stores in earnest, the number of VinMart Plus stores has increased rapidly, topping 1,000 as of September. That is well ahead of the second-largest convenience store chain, Japan's FamilyMart, which expects to have 150 stores by the end of this year.

Many of the stores in Hanoi and Ho Chi Minh City are tiny and narrow, occupying less than 100 sq. meters.

A VinMart Plus outlet on the Le Duan street in Hanoi is a good example. It was opened after the renovation of a rental photography studio. The store is only 3-4m wide, a space unlikely to be used for a convenience store in Japan. The narrowest aisle is just 90cm, much less than aisles in stores in Japan and other advanced economies.

Although customers cannot even pass one another in this cramped space, they do not seem to mind, as most stores in Vietnam are small.

The staircase and the second floor have been converted into a warehouse. The store is, in principle, managed by two employees, with 10 or more security cameras to monitor customers.

The most distinctive feature of VinMart Plus stores, including the one on Le Duan street, is the product display, which changes according to the time of day. Since August, VinMart Plus stores have been switching merchandise on island displays from vegetables and processed foods to ready-to-eat foods after 4 p.m., which the company calls the "golden time for housewives."

 

 

After 4 p.m., the section highlights simple fare, such as fried spring rolls, stir-fried bitter gourd and other dishes that are finding popularity among housewives in Vietnam.

At the same time, the stores give 10-20% discounts on some products. These methods are proving successful, luring customers from traditional markets and supermarkets into the VinMart Plus store.

"The number of housewives who regularly use our store is increasing," said a store official.

Daily sales at the Le Duan outlet come to about 16 million dong ($700). The top-selling categories are alcoholic drinks and beverages, snacks and ready-to-eat food, as well as vegetables.

Delivery services for homes within a 700m radius of the company's 22 outlets in Hanoi began on Oct. 5, with the number of customers rising sharply.

Vingroup plans to increase the number of Vinmart Plus outlets up to 3,000 within the next 2 years. 

 

The 70 or so City Express convenience stores operated by Myanmar's City Mart Holding are eclipsing local rivals with a high level of service. 

All City Express stores are open 24 hours a day in Myanmar, where shopping at night is not common. The stores are clean and well-lit, with security cameras keeping an eye out for criminal activity.

The product lineup is nearly as extensive as in convenience stores in other countries, and includes fried food and steamed buns.

City Mart's Managing Director Win Win Tint said the latest services are being offered to preempt foreign rivals that will enter the market in future.