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Aeon to enter Myanmar's retail market www3.nhk.or.jp
Japanese supermarket chain Aeon is about to become the first Japanese retailer to operate stores in Myanmar.
Aeon intends to launch a joint venture with Creation Myanmar Group of Companies in early August to operate food supermarkets in the booming Southeast Asian country.
The new company will run 14 supermarkets that the local partner currently operates mainly in Myanmar's largest city of Yangon. It will begin opening new stores by the end of the year.
A number of Japanese firms are racing to invest in Myanmar which is called Asia's final frontier.
Aeon hopes to establish an advantageous position in the Myanmar market by making early inroads into the country.
It has already begun operating supermarkets and shopping malls in 5 Southeast Asian countries.
Published Date:2016-07-30
