Thaco also announced a plan to deploy construction investment to put Emart into operation in Dong Nai, Binh Duong and Tay Ho Tay - Hanoi in 2023.

Recognizing information from observers, Thaco is about to open Emart Supermarket in District 2, Ho Chi Minh City. Expected opening time is October 2022. This plan was also announced by Thaco at the AGM held earlier this year.

Specifically, in the first year of returning to Thaco, Emart supermarket is expected to put into operation two more Emart supermarkets in Sala - Thu Thiem in October 2022 and Emart Phan Huy Ich - Go Vap in December/ 2022. Moreover, Thaco also announced a plan to deploy construction investment to put Emart into operation in Dong Nai, Binh Duong and Tay Ho Tay - Hanoi in 2023.

It is known that the leading Korean retail supermarket chain Emart officially launched in December 2015 and opened its first store in Ho Chi Minh City. The first hypermarket was located in Go Vap with a total investment of up to 60 million USD. Emart had planned to expedite the procedures to build a second hypermarket in Ho Chi Minh City. However, since then, Emart has not been able to open any other supermarkets because of the delay in approving construction plans.

Although operating stably but having problems and not being able to open a second supermarket as planned, as a result, until May 2021 (in the midst of the Covid-19 outbreak), Emart Group (Korea) decided to sold 100% shares of Emart Vietnam Company to Thaco. Emart also emphasized that this decision was made after many obstacles in expanding operations in the Southeast Asian country.

On Thaco's side, in the first sharing when receiving Emart, Chairman Tran Ba ​​Duong said: "Emart has a very good business foundation, especially efficiency in each store. Although Emart still has accumulated losses. 115 billion dong, but business results in recent years are very positive. For example, in 2020, with only one store, this supermarket has approximately 1,650 billion dong in revenue and 43 billion dong in profit. According to Thaco's representative, the retail industry is not as difficult as people think."

The data we have shows that Emart's business is quite stable. Operating only one hypermarket with an area of ​​​​3ha at 366 Phan Van Tri, Ward 5, Go Vap District, Emart has quickly become profitable since 2018, ie only 2 years after its launch. Business performance by the end of 2020 reached more than 20%, roughly understood with 100 dong of revenue, the company has a profit of more than 20 dong.

In the period 2016-2020, Emart's revenue achieved an average growth of 17%/year, gross profit increased sharply at the rate of 26%/year. As of the end of 2020, Emart has total assets of VND 2,823 billion, an increase of 1.4% compared to 2019. In which, capital assets are mainly contributed from capital with VND 2,628 billion.

Although not yet announced specific figures for 2021, but according to Thaco's plan, it is expected that in 2021, Emart supermarket will reach more than VND 1,800 billion, an increase of about 10% compared to 2020 and contributing about 2.2% of total sales. Group revenue.