1st Uniqlo Store in Vietnam to Open Fri.

Economy

Ho Chi Minh City, Vietnam, Dec. 5 (Jiji Press)--Japan's Fast Retailing Co. <9983> will open the first Uniqlo clothing store in downtown Ho Chi Minh City, Vietnam, on Friday.

Fast Retailing aims to lure consumers enjoying income growth in Vietnam, whose economy is growing around 7 pct annually. Previously, the company regarded the Southeast Asian country only as a production center.

The Uniqlo Dong Khoi store has three levels with total floor space of around 3,100 square meters. The company hopes to highlight the quality of Japanese apparel with a wide range of products.

Near the new store, there are outlets of rival international apparel chains popular with young people, such as H&M, Zara and Gap.

Uniqlo's move is expected to stiffen industry competition further.

[Copyright The Jiji Press, Ltd.]

Jiji Press