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VinMart to become WinMart

VinMart to become WinMart

A year after conglomerate Masan Group acquired it from Vingroup, the VinMart retail chain is set to become WinMart.
Masan chairman defends VinMart purchase

Masan chairman defends VinMart purchase

Chairman Nguyen Dang Quang has explained the purchase of Vingroup’s loss making retail business as a “necessary step back” to build a future pivot for the Masan Group.
March 31, 2021 | 01:42 pm GMT+7
Masan injects $215.7 mln into VinMart controlling unit

Masan injects $215.7 mln into VinMart controlling unit

Conglomerate Masan Group will invest VND5 trillion ($215.7 million) in the subsidiary that controls its VinMart retail chain to help expand it.
November 13, 2020 | 11:25 am GMT+7
Masan closes 433 VinMart stores to cut losses

Masan closes 433 VinMart stores to cut losses

Masan has closed 421 VinMart+ convenience stores and 12 VinMart supermarkets this year as it restructures the retail business it acquired this year from Vingroup.
November 03, 2020 | 10:43 am GMT+7
Mitsubishi buys 10 pct stake in Masan mining unit

Mitsubishi buys 10 pct stake in Masan mining unit

Mitsubishi Materials Corporation is set to buy a 10 percent stake in a mining subsidiary of conglomerate Masan for $90 million.
October 27, 2020 | 11:07 am GMT+7
Major pork producer Masan enters poultry market

Major pork producer Masan enters poultry market

Pork producer Masan MEATLife has acquired a 51 percent stake in 3F Viet, marking its entry into the poultry meat market.
October 04, 2020 | 12:58 pm GMT+7
Masan to issue $344 mln redeemable bonds

Masan to issue $344 mln redeemable bonds

Conglomerate Masan is set to issue redeemable bonds worth VND8 trillion ($344 million) to increase its working capital and pay debts owed by its VinMart retail chain.
August 14, 2020 | 10:57 am GMT+7
Masan fails to buy out Vinacafe

Masan fails to buy out Vinacafe

Conglomerate Masan has not been able to buy out instant coffee producer Vinacafe Bien Hoa JSC due to unfavorable market conditions.
July 25, 2020 | 11:17 am GMT+7
Masan to buy out Vinacafe

Masan to buy out Vinacafe

Food conglomerate Masan is set to buy the remaining 1.5 percent stake in Vinacafe Bien Hoa JSC to raise its ownership to 100 percent.
June 15, 2020 | 11:48 am GMT+7
Masan chairman opens up on Vincommerce merger

Masan chairman opens up on Vincommerce merger

Masan’s acquisition of a majority stake in Vingroup’s minimart chain was a “big step” to break into consumer retail, the group’s chairman says.
January 24, 2020 | 09:35 pm GMT+7
Stocks that sailed deeply into the red in 2019

Stocks that sailed deeply into the red in 2019

Vietnam’s stock exchanges recorded 31 stocks losing more than half of their value through the course of 2019.
January 06, 2020 | 02:34 pm GMT+7
Masan takes over Vingroup retail subsidiary

Masan takes over Vingroup retail subsidiary

Masan has acquired an 83.74 percent stake in the Vingroup subsidiary that owns VinMart following their merger deal last month.
January 02, 2020 | 12:35 pm GMT+7
Masan Group to issue bonds worth $431 million

Masan Group to issue bonds worth $431 million

Masan Group plans to issue VND10 trillion ($430.9 million) worth of bonds next year to increase its capital and help subsidiaries repay debts.
December 21, 2019 | 04:25 pm GMT+7
Masan’s meat unit to be traded on unlisted market

Masan’s meat unit to be traded on unlisted market

Masan Group is set to list its meat producing subsidiary MeatLife on the Unlisted Public Company Market on December 9.
December 05, 2019 | 01:00 pm GMT+7
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