Leading US retailer to enter Vietnamese market

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VOV News English - 40 month(s) ago 12 readings

Leading US retailer to enter Vietnamese market

(VOV) - Gap Inc, a leading retailing company in the US, announced on August 23 that it will launch a chain of shops selling apparel with Gap and Banana Republic brands in Vietnam.

Gap Inc said that it planned to open the first Gap shop in October this year, and the Banana Republic in late 2012 in Ho Chi Minh City.

Some other Gap shops will also appear in Hanoi soon.

Vietnam’s fast-growing economy has opened up a good opportunity for Vietnamese consumers to gain access to Gap and Banana Republic products, said Gap Inc.’s Managing Director Stefan Laban.

Laban added that opening shops in Vietnam will be an important step in expanding his company’s operations to international markets.

The San Francisco-based company has more than 3,000 shops in over 90 countries and territories.

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