IPPG and China Duty Free to open 3 duty-free outlets in Vietnam

This first store will open in Quang Ninh Province this year.

Vietnamese conglomerate Imex Pan Pacific Group (IPPG) signed a deal with state-owned China Duty Free to open three duty-free shops in Vietnam targeted at Chinese tourists.

In a statement, IPPG Chairman Jonathan Hank Nguyen said the first store will be launched in Mong Cai in Quang Ninh Province this year.

The second store will open next year in Nha Trang in Hkan Hao Province, whilst the third will open in downtown HCMC with no date yet.

ALSO READ: KFC thrives on Vietnamese flavour fusion

IPPG said Vietnam targets 18 million foreign arrivals this year, at the same level in 2019, with tourism revenues of $34b. China was the largest tourist source before COVID-19, comprising 30% of foreign arrivals in 2019.

In the first quarter, Vietnam recorded 890,000 visitors from China, surging by 635% year-on-year.

Also Read

Filipino shoppers still prefer bricks over clicks

Hermès revamps Takashimaya flagship store in Singapore

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit