Index living mall vincom megamall thao dien

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Staff serve customers at the Index Living Mall store in Vincom Mega Mall Thao Dien in Ho Chi Minc City. The first branch in Vietphái mạnh is expected khổng lồ generate 350 million baht in sales in the first year of operation.

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Index Living Mall Co will focus on regional expansion with the ayên ổn of becoming one of the largest home page furnishing & accessories retail chains in Asean by 20đôi mươi.

"The trang chính furnishing market in Xứ sở nụ cười Thái Lan is saturated và this has prompted us lớn shift our focus khổng lồ the Asean market," said managing director Kridchanok Patamasatayasonthi.

It intends to lớn open at least one new branch in each Asean thành viên country a year via joint venture, franchise or dealer schemes. With this strategy, its overseas sales will double in 20đôi mươi from 5% of total sales last year.

The first store in Vietnam was opened at Vincom Mega Mall Thao Dien in Ho Chi Minch City on Jan 9.

VinDS, the retail investment arm of Vin Group, one of Vietnam"s largest commercial developers, was awarded the franchise rights khổng lồ operate Index in Vietnam for 10 years.

The Vietnamese franchisee expects its first store, which cost 200 million baht, will generate 350 million baht in sales in the first year of operation. It plans to have sầu 10 Index stores in Vietphái mạnh within the next five sầu years, said Ms Kridchanok.

Vietphái mạnh is the seventh country where Index has a presence after the Maldives, Nepal, Russia, Malaysia, Myanmar và Laos.

Ekaridhi Patamasatayasonthi, Index Living Mall"s international business development director, said the growth of Vietnam"s retail market ranks second in Asia, after Đài Loan Trung Quốc.

During the first half of năm ngoái, the Vietnamese economy saw a 6.28% growth, the highest since 2008. The country has a population of 90 million and it is expected that the number of Vietnamese earning US$710 per month will rise lớn 33 million in 20trăng tròn from 12 million in năm ngoái.

"The rise of middle-income earners will help propel demvà for products và services such as furniture in major cities," he said.

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He said the company has huge potential to lớn grow its home page furnishing business in Vietphái mạnh because of the limited availability of such products. There are no big international trang chính furnishing brands over there.

In addition, Vin Group is very successful in the property, hospitality, retail,medical & education sectors.

In năm ngoái, VinDS operated 65 speciality stores, and plans to have sầu more than 300 stores across Vietnam in three years.

"Combining Index Living Mall"s long established experience in Vương Quốc Nụ Cười with VinDS"s in-depth knowledge of the consumer market, we are confident about entering this high potential market," Mr Ekaridhi said.

Apart from Vietphái nam, the first Index branch in the Philippines will open in September.

A joint venture company, Index Living Mall Philippines, was recently set up with Index holding a 30% stake and 70% belonging to SM Hypermarket, a subsidiary of SM Group, the largest property developer inthe Philippines.

Ms Kridchanok said the Index was negotiating with a couple of companies in Indonesia khổng lồ expvà the business over there. The giảm giá is expected lớn be sealed this year & the first branch will open next year.

After 20đôi mươi, the company has plans khổng lồ branch out to the Middle East, China, nhật bản & India.

This year, its total sales are expected khổng lồ grow 10% to 10 billion baht.

On the domestic front, Index will spkết thúc 470 million baht to open two new branches -- one each in Nakhon Pathom & Chacheongsao this year.