GS25 VN

pending

 GS 25 Ltd. Liability Co. (GS25 VN or the Company) launched in Vietnam in 2017 is a convenience store chains in Vietnam, with 187 stores in Ho Chi Minh City (HCMC) and surrounding provinces as at the end of September 2022. GS25 VN is based on the GS25 convenience store concept from South Korea, which was introduced to Vietnam by JV partners GS Retail Co. Ltd. (GSR) and SonKim Retail Corp. (SKR), where SKR and its parent SonKim Group (SKG) brings its local experience and networks. IFC has been invited to invest up to VND460 billion (approximately US$20 million) in new quasi-equity to support GS25 VN’s 2022 – 2025 expansion of new GS25 convenience stores in Vietnam. The investment will be in a subsidiary of SKR and holding company of GS25 VN. GS25 VN’s typical store formats about 150 m2 including dine-in seating. GS25 VN is also offering fresh food, fresh groceries, ready-to-eat and ready-to-cook products and Korean made products. GS 25 VN uses a leased warehouse (5,755 m2) in Thu Duc City, HCMC from an integrated logistics services provider, CJ Korea Express Vietnam Co., Ltd (CJ), including warehouse storage and operations, local transportation and delivery services. Main items handled are grocery, beverage, living goods, snacks and health beauty products.