German wholesaler Metro Cash and Carry, the world’s third largest commercial company, Sept 19 inaugurated its second Metro wholesale center in Hanoi, and the eighth of its kind nationwide, local media reported.
The new center covering 46,000 sq. m in Hoang Mai district has a total investment of over US$15 million, said Uwe Hoelzer, Managing Director of Metro Cash & Carry Vietnam.
The Hoang Mai Metro center, which displays around 15,000 high quality food and non-food products with up to 90 per cent of locally-made ones, will serve some 3,000 customers daily.
Metro Cash and Carry opened business in Vietnam in 2002 and now runs eight centers worth US$120 million in the country, including three in Ho Chi Minh City, two in Hanoi, one in northern port Haiphong city, one in central Danang city and another in southern Can Tho city, employing around 3,000 local workers.
Vietnam is one of the main markets of Metro Cash and Carry besides the Eastern Europe market, and is a strong base for the company to expand further into the Asian market, Uwe Hoelzer said.
On the same day, Vietnamese President Nguyen Minh Triet singled out Metro Cash and Carry’s contributions to Vietnam’s economic development and praised the group’s personnel training and market policies in the country while receiving General Director of the Metro Cash and Carry International Asia-Pacific James Scott, who was in Vietnam for the opening of the new wholesale centre in Hoang Mai district.
Metro Cash and Carry has to date constructed over 550 shopping malls offering food and non-food products in 28 countries worldwide. (People’s Army, VNS)
Vietnamese
