Long Chau, FPT Retail’s pharmaceutical retail chain, is expected to achieve revenue of 33.8 trillion VND ($1.35 billion) by 2025, a 34% increase from 2024, driven by stable demand for prescription drugs. The revenue could double in just two years, amid a volatile retail market. To support this growth, Long Chau plans to open 400-500 new stores and vaccination centers in 2026, aiming for around 2,500 points of sale by 2025. The company also emphasizes the use of AI and Big Data technology to optimize inventory management and personalize marketing. In the first nine months of this year, Long Chau contributed nearly 70% of revenue to FPT Retail, surpassing electronic retail sales. Long Chau sold a 13% stake to Creador fund and plans to list its shares on the stock market within 3-5 years.
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