Vietnamese automaker announces plans to acquire South Korean retail outlet E-Mart
Truong Hai Auto Corporation, or THACO, has finalized negotiations with E-Mart
= đi đến đàm phán, quyết định cuối cùng
Vietnam Co., Ltd., to acquire the entire South Korean firm, both companies
= toàn quyền sở hữu công ty Bắc Hàn
confirmed on Wednesday but declined to state the exact date when the deal would be
signed.
Once completed, South Korean retail giant E-Mart will stop operating its only retail outlet
in Vietnam after seven years and THACO will take over the E-Mart brand name as a
= kế nhiệm sở hữu thương hiệu E-mart
franchisee and will pay a royalty to the foreign retailer.
= trả phí nhượng quyền
Those with knowledge of Vietnam’s retail landscape called the deal a win-win solution.
THACO, a newcomer to the retail world, will gain valuable business management
= đạt được kinh nghiệm quản lý kinh doanh quý giá
experience from operating E-Mart while the foreign retailer will be able to maintain its
= duy trì nhận diện thương hiệu
brand recognition in Vietnam and continue to export goods to the Vietnamese market, they explained.
E-mart Vietnam has increased the number of South Korean products available at its store form 170 in 2015 to 1,200 in 2020.
Some 85 percent of these South Korean goods are produced by E-mart itself with
the remaining purchased from small and medium sized enterprises.
“With a population of 100 million, a young consumer force, and a rapid increase in
spending per capita, Vietnam has a large retail market,” an E-mart representative said.
Nguồn: tuoitrenews
Vocabulary:
1. Acquire something (v): get or buy something
Ex: He acquired the firm 2 years ago.
2. Retail outlet (n) cửa hàng bán lẻ
3. Finalized negotiations with someone: đi đến quyết định cuối cùng với ai
4. Take over something: to begin to have control of something
Ex: The company has been in a bad condition since he took over the position of leader.
5. Gain valuable business management experience
6. Brand recognition (n) nhận diện thương hiệu.
7. With the remaining: phần còn lại.