Hapro Posts US$190Mln in Revenue So Far This Year

The Hanoi Trade Corporation (Hapro) has reportedly gained a total revenue of over VND3,044 billion (US$190.25 million) since early this year, according to local media.

 

Of the sum, VND1,867 billion (US$116.68 million) come from domestic trade, up 22 per cent on-year and US$73.8 million from exports, up 66 per cent.

 

Farm produce contributes 56.9 per cent or US$42 million to Hapro’s total export value during the time. It is followed by handicrafts, apparel, foodstuff, and processed fruits and vegetables.

 

Hapro has to date exported products to 60 countries and territories worldwide and is striving to develop its import and export markets to 80 by 2010, aiming to become a big import-export unit in Vietnam.

The corporation now owns nine supermarkets, 14 convenient stores, and 18 specialized hops in Hanoi and some northern provinces.

 

It plans to obtain a total revenue of VND2.1 trillion (US$131 million), including US$24.3 million from exports, and open more five supermarkets and 20 convincement stores in the remaining months of this year.

 

In mid-May this year, Phu Thai and three other leading retailers, the Saigon Trading Group (Satra), the Hanoi Trade Corporation (Hapro), the Ho Chi Minh City Commercial Cooperative Union (Saigon Co.op), jointly launched the Vietnam Distribution Network Investment and Development Joint Stock Company (VDA), the biggest of its kind in the country, boosting their competitiveness and the ability of distributors to fend off the expected influx of global rivals in post-WTO. (Vietnam & World Economy, Urban Economy)