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China Duty-Free to open 3 stores in Vietnam

Vietnamese fashion distributor IPPG (Imex Pan Pacific Group) has inked a deal with China Duty-Free to launch three duty-free stores in Vietnam catering to Chinese tourists. The initial store is set to debut this year in Mong Cai City, Quang Ninh province, near the Chinese border, followed by a second store in Nha Trang next year and a third in Ho Chi Minh City. Jonathan Hanh Nguyen, IPPG’s chairman, views this venture as an opportunity to bolster commercial ties between Vietnam and China. IPPG is pioneering Vietnam’s duty-free business, investing in various border gates, airports, and duty-free store projects to attract tourists and boost the tourism sector.

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