Pharmacity to open 500 more stores in Vietnam
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Vietnam’s retail drugstore chain Pharmacity plans to open 500 stores by 2023.
It has opened six more stores in Ho Chi Minh City this month, expanding its network to 71 to become the largest pharmacy chain in Vietnam.
Over the next two years, Pharmacity plans to boost its store numbers to 200. It also has an online store.
Modern retail drugstores have become popular in Vietnam, according to a new report from VN Research. It says Phano Pharmacy is the second-largest chain with 60 stores, Medicare has 59 while Dairy Farm-owned Guardian has 49.
Mobile device retail giant Mobile World (The Gioi Di Dong) last month acquired a 40 per cent stake in the Phuc An Khang pharmacy chain, changing the name to An Khang. Mobile World plans to raise its ownership to 60 per cent and open up to 500 stores nationwide.
Questions & Answers
Q.What is Pharmacity's current store count in Vietnam?
What is Pharmacity's current store count in Vietnam?
Pharmacity recently opened six additional stores in Ho Chi Minh City, bringing its total network to 71 stores. This expansion makes it the largest pharmacy chain in Vietnam at present.
Q.How many new stores does Pharmacity intend to open in Vietnam by 2023?
How many new stores does Pharmacity intend to open in Vietnam by 2023?
Pharmacity plans a significant expansion, aiming to open 500 more stores by 2023. This is part of a broader strategy to boost its store numbers to 200 within the next two years.
Q.Which other pharmacy chains are operating in Vietnam, according to the report?
Which other pharmacy chains are operating in Vietnam, according to the report?
The VN Research report identifies Phano Pharmacy as the second-largest chain with 60 stores, followed by Medicare with 59. Dairy Farm-owned Guardian has 49 stores across the country.
Q.What are Mobile World's plans for its pharmacy chain acquisition?
What are Mobile World's plans for its pharmacy chain acquisition?
Mobile World, which acquired a 40 per cent stake in Phuc An Khang and renamed it An Khang, plans to increase its ownership to 60 per cent. It also intends to open up to 500 stores nationwide.
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