MM Mega Market Ranks 3rd in Top 10 Most Prestigious Retailers 2020 in Vietnam

10:25:20 AM | 26/10/2020

MM Mega Market, a new brand has just published in Vietnam 4 years ago, belongs to BJC/TCC Group (Thailand), after receiving the transfer of METRO hypermarket chain, has risen to ranked 3rd in the Top 10 most prestigious retailers in 2020, alongside other long-established brand-names in Vietnam.

The award is organized by Vietnam Report Joint Stock Company (Vietnam Report), analyzed on scientific and unbiased principles. Companies are evaluated and ranked based on 3 main criteria: (1) Financial capacity shown on the latest financial report; (2) Media reputation is measured by Media Coding - encoding the company's articles on influential media channels; (3) Survey the research subjects list and stakeholders: consumers, experts, etc The report was conducted in August 2020.

Ms. Tran Kim Nga – Foreign Affairs Director of MM Mega Market Vietnam receives "Top 10 most prestigious retailers 2020"

Reputable in business and commit to support Vietnam agriculture development

Since the acquisition and transmission of hypermarkets chain from METRO in 2016 to TCC Land International (under the management of Berli Jucker Public Company Limited ("BJC"), under TCC Group (Thailand), MM Mega Market Vietnam (“MMVN”) has focused on building a modern supply chains, directly connecting with farmers and local agricultural productions, to ensure 90% of products are made in Vietnam. Aims to bring diversify products, meet the fresh and safety standards with competitive prices, thereby creating many stable job opportunities and increasing income for farmers, supporting them to gain knowledge how to apply technology in agriculture. In particular, MMVN has cooperated with local farmers, fishermen and local agricultural production to organize training courses to provide knowledge and cultivation techniques. The company has trained over 20,000 farmers, fishermen, local agricultural productions and supported them in transforming the production models and applying the quality standards such as: VietGap, GlobalGap. With these certifications, farmers have more opportunities to list their products into modern distribution and export channels.

Besides the B2C segment, MMVN also becomes the leading strategic partner to supply diversified foods and products with competitive prices for professional customers in the HoReCa segment (Hotel: Restaurant; Canteen) across nationwide. Operating depot in Phan Thiet, Phu Quoc and other provinces in the near future is such a commitment on MMVN in providing the safest, highest-quality goods supply chain to partners and consumers.

MM Mega Market is currently cooperating with 150 groups of farmers with a total area of 500 ha in 5 main raw material areas in Lam Dong

In May 2020, MMVN also signed a cooperation agreement with the Saigon Professional Chefs Association to bring activities to share cuisine knowledge, how to choose and buy safe ingredients, cooking recipes, etc to consumers, aims of bringing customers fresh and safe meals. In addition, MMVN also supports the Saigon Professional Chefs Association in social activities, annual events, training activities.

For commitments of exporting Vietnamese agricultural products, in August 2019, MM Mega Market Vietnam officially signed a Memorandum of Understanding with the Ministry of Industry and Trade to promote the export of Vietnamese goods to foreign markets. Besides those markets with stable import demands such as Thailand, Singapore, Hong Kong, MMVN is constantly searching for new markets with great potential such as Indonesia, Australia, Turkey,etc.

Supporting society through Education - Health - Environment campaigns

MM Mega Market Vietnam always puts corporate social responsibility at the first priority through activities related to education, public health and the environmental protect. Specifically, in 2020, MMVN has officially signed with vocational colleges and universities at Hanoi, Ho Chi Minh, Nha Trang and Da Nang to implement the scholarship program "Elevating your career". MMVN commits to support final year students for tuition fees and living expenses, also conducts soft skills training course to help them fully gain knowledge and ensure to have job opportunities right after graduation.

In addition, MMVN branches across the nation always actively organize activities to support the community on health and the environmental protect through the program "Joining hands for the community" such as: blood donation, contribute gifts and donation for lonely elderly and children in especially difficult circumstances, provide medical equipment and foods for hospital, organize waste materials collecting and sorting campaign, enhance awareness of consumers’ and community awareness on environmental protection through diversified activities.

Innovative solutions towards to sustainable development goals

Besides controlling product quality through software, systems and traceability QR codes; creating a 4.0 era farmers community those knows how to apply technology in agriculture, MMVN also implements various innovative solutions towards sustainability goals for businesses such as reducing energy consumption leads to reduce CO2 through technology improvement and increase the utilization of green and renewable energy. For example, replacing conventional lighting by the LED lighting system by the end of 2020 at 16 supermarkets, installing natural light pipes technology at supermarkets, proceeding to install the solar systems at some supermarkets.

In the future, MMVN will continue to implement innovative solutions in: foods supply chain, developing modernized omi-channels business models (including online and e-commerce), reducing the use of cash by technology applications such as e-wallet, human resource development, energy efficiency, environmental protection, etc that towards sustainable development goals.

Nam Pham (Vietnam Business Forum)