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Masan bets on mini malls to reach new revenue milestone

Masan bets on mini malls to reach new revenue milestone

Private conglomerate Masan Group is eyeing a new revenue peak of VND100 trillion ($4.37 billion) this year by betting big on its "mini mall" strategy of satisfying every consumer’s need.
Wealth of Vietnam's richest rose during pandemic

Wealth of Vietnam's richest rose during pandemic

Most Vietnamese in the 2022 Forbes global billionaires list saw their wealth increase amid the Covid-19 pandemic last year.
April 8, 2022 | 05:00 pm PT
VN-Index extends gains with surging trade value

VN-Index extends gains with surging trade value

Vietnam’s benchmark VN-Index gained 0.59 percent Tuesday, its sixth straight winning session, with trading value hitting nine-session high.
March 22, 2022 | 02:00 am PT
Masan acquires majority stake in Phuc Long tea chain

Masan acquires majority stake in Phuc Long tea chain

Conglomerate Masan announced Wednesday that it has spent an additional $110 million to increase its ownership in the Phuc Long beverage chain from 20 percent to 51 percent.
February 9, 2022 | 05:56 am PT
Vietnam's Masan eyes international IPO for retail unit in 2023-2024

Vietnam's Masan eyes international IPO for retail unit in 2023-2024

Conglomerate Masan said it was considering launching an international initial public offering for its consumer retail unit The CrownX in 2023-2024 after raising a further $350 million from a consortium of investors.
December 12, 2021 | 08:54 pm PT
WinMart retail chain revenues up 1 pct

WinMart retail chain revenues up 1 pct

WinMart retail chain earned revenues of VND24 trillion ($1.04 billion) in the first nine months of this year, a year-on-year increase of 1 percent, its operator, WinCommerce, said.
October 28, 2021 | 07:46 pm PT
Masan consumer retail platform attracts foreign investment

Masan consumer retail platform attracts foreign investment

Masan has announced cooperation agreements with several foreign investment funds amid the pandemic, showing its global appeal.
October 11, 2021 | 01:00 am PT
US investment firm sells Masan meat unit stake for loss

US investment firm sells Masan meat unit stake for loss

U.S. investment fund KKR & Co has registered to sell its entire 7.1 percent stake in Masan MeatLife on the stock market at a 35 percent loss.
October 7, 2021 | 09:13 pm PT
Masan to leverage retail, telecom synergy by acquiring Mobicast

Masan to leverage retail, telecom synergy by acquiring Mobicast

The Sherpa, a subsidiary of Masan, has announced a 70 percent acquisition of Mobicast shares with a total cash consideration of VND295.5 billion ($13 million).
September 23, 2021 | 02:20 am PT
Masan, De Heus ink MoU to improve animal protein value chain

Masan, De Heus ink MoU to improve animal protein value chain

Masan MEATLife Corporation (MML) and De Heus Vietnam have announced the signing of a Memorandum of Understanding (MoU), aiming to raise animal protein value chain productivity in the country.
September 15, 2021 | 08:00 pm PT
Singapore government fund lowers stake in Masan

Singapore government fund lowers stake in Masan

The Government of Singapore has reduced its ownership in conglomerate Masan Group by a 1.65 percent stake, its second major sale this year.
September 14, 2021 | 04:39 pm PT
Instant noodle producers gain from Vietnamese craving

Instant noodle producers gain from Vietnamese craving

Noodle companies in Vietnam posted strong figures last year as the country became the third largest market globally with over 7 billion servings.
August 17, 2021 | 04:28 pm PT
Pork producer issues bonds to raise $87 mln

Pork producer issues bonds to raise $87 mln

Pork producer Masan MeatLife has announced it is issuing roughly 20 million bonds to raise nearly VND2 trillion ($86.9 million).
August 11, 2021 | 08:10 pm PT
Masan’s revenue surges 16 pct

Masan’s revenue surges 16 pct

Leading consumer retailer Masan saw revenues in the first half rise 16.4 percent year-on-year to VND41.2 trillion ($1.79 billion) thanks to double-digit growth in retail and meat businesses.
August 1, 2021 | 11:11 pm PT
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