Jumbo opens third outlet in Ho Chi Minh City

SEAFOOD restaurant operator Jumbo Group : 42R 0% has opened its third franchised outlet in Vietnam’s Ho Chi Minh City. 

Occupying a standalone building within a commercial zone, the outlet has 2 levels with an overall floor space of 8,081 sq ft; it has 7 VIP rooms and a total seating capacity of 166, the group said on Wednesday (May 11).

Working closely with its franchise partner, Nova F&B Joint Stock Company, the group has plans for more outlets in Vietnam, the group said in a statement.

The latest outlet comes 2 months after the group’s second one opened its doors in the same city. (The first outlet there opened in 2017.) Jumbo’s group chief executive and executive director, Ang Kiam Meng, said the opening of the third outlet is testimony to the resilience of its franchise partner and the strength of the Jumbo Seafood brand in the region.

“With the relaxation of Covid-19 measures in Asia outside the People’s Republic of China (PRC), we will continue to actively exploring growth opportunities with existing and new franchise partners to expand our presence in the region,” he said.

Shares of Jumbo closed down 3.3 per cent or S$0.01 to S$0.29 on Wednesday, before the announcement.

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