Hoa Sen Group, led by Lê Phước Vũ, is looking to lease 300 – 500 warehouses with areas between 1,200 – 3,000m2 and a minimum frontage of 30m to develop its Hoa Sen Home chain. This move is part of a strategy to expand the size of Hoa Sen Home, aiming for 300 stores by 2030. Hoa Sen Home has been operational since 2021 and currently operates 120 stores, with a revenue goal of 13.3 trillion VND for 2024, increasing to 33 trillion VND by 2030. Vũ believes that market growth will enable revenue to reach billions of USD. The group needs about 6 trillion VND for this expansion, with 3.6 trillion VND allocated to store openings from 2025 to 2030.
Leave a Reply