The Metro Group Buying Hong Kong (MGB HK), one of the largest wholesale and retail groups in the world, opened its first representative office in Vietnam on January 10.
The representative office, located in Ho Chi Minh City, will conduct market surveys and promote cooperation and investment projects. It will also manage Metro's export activities from Vietnam.
MGB HK purchased goods worth over US$50 million from Vietnam in 2006, and the rep. office is expected to help increase the group's revenues in the coming years, according to the group's chief executive officer Bernd Hanemann.
The group is planning to build four more wholesale centres in Ho Chi Minh City, central Khanh Hoa province, southern Dong Nai province and Hanoi, worth US$17 million each, said Vice President Heinrich Birr in charge of international affairs.
Metro Group now runs eight Metro Cash & Carry trade centres in Vietnam with a total investment of US$120 million.
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