Announcement of Establishment of New Company in the Socialist Republic of Vietnam
Ryohin Keikaku Co., Ltd. (Tokyo, Japan; Satoru Matsuzaki, President & Representative Director; hereafter RKJ) announced today that the Board of Directors has resolved the establishment of a subsidiary, MUJI Vietnam Limited Liability Company, in the Socialist Republic of Vietnam (hereafter Vietnam) for further business development.
Among all the fast-developing ASEAN countries, Vietnam has the third largest population and is undergoing rapid economic development. From our business' point of view, it is one of the major markets in ASEAN, with the estimated real GDP growth of 7.1%* in 2018. RKJ has therefore decided to establish a new company in Vietnam.
We expect that our experience and know-how in the global market would help in running the stores that serves everyday living and increases MUJI fans in the area.
*data source: General Statistics Office of Vietnam 2018
About the Company (plan)
- MUJI Limited Liability Company
- Ho Chi Minh City, Vietnam
- (to be decided)
- Management of MUJI stores in Vietnam
- RKJ 100%
- August, 2019 (planned)
- Operation start:
- Spring, 2020 (planned opening date of the first store in Ho Chi Minh City)
PR Department, PR & IR & ESG Division
RYOHIN KEIKAKU CO., LTD.