The facade of the Zara store in HCM City. Photo: thoibao.today
Spain-headquartered fashion group Inditex has rejected rumors saying that the firm would open two Zara
stores in Hanoi
after marking its presence in Ho Chi Minh City
Several Vietnamese media outlets have recently reported that Zara would open seven more stores in Vietnam, two in Hanoi and five in Ho Chi Minh City, which excited fashion lovers.
Jesus Echeverria, chief communications officer at Inditex, told Zing News that Zara will expand its presence in Vietnam, but not in the near future.
Inditex, formally known as Industria de Diseño Textil, S.A., has either no near-term plans to sell products of other brands such as Pull & Bear and Massimo Dutti, Echeverria added.
Nikkei Asian Review in September reported that Indonesian lifestyle retailer Mitra Adiperkasa would open a Zara store in Vietnam next year and many more in the years to come as it sought to meet demand from the swelling middle class in the neighboring country.
Mitra Adiperkasa marked its entrance into the Vietnamese market where Zara has a huge customer base on September 8 with the opening of a 2,400-square-meter store in downtown Ho Chi Minh City.
Beside Zara, a host of international brands such as Mango, H&M and Uniqlo are said to be considering making inroads into Vietnam.