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How tea chain Phuc Long fared in the year after Masan takeover

How tea chain Phuc Long fared in the year after Masan takeover

Beverage chain Phuc Long Heritage, in which conglomerate Masan Group owns 85%, reported the second highest revenues in the bubble tea and coffee industry last year.
Masan Group secures $650M loan from foreign lenders

Masan Group secures $650M loan from foreign lenders

Retail giant Masan Group has secured $650 million in a syndicated loan from a group of lenders to fund future operations.
March 10, 2023 | 12:03 am PT
Masan buys stake in Singaporean software firm

Masan buys stake in Singaporean software firm

The Masan Group, through its subsidiary The Sherpa, will spend US$105 million to take a 25% stake in Singaporean software developer Trust IQ.
February 10, 2023 | 12:57 am PT
South Korea's SK Group may sell some Southeast Asia assets: media

South Korea's SK Group may sell some Southeast Asia assets: media

South Korea's second-largest conglomerate SK Group said on Monday it is considering selling some of its assets in Southeast Asia and reinvesting in other businesses in countries in the region, including Vietnam.
December 26, 2022 | 12:35 am PT
Thousands participate in pangasius festival

Thousands participate in pangasius festival

A pangasius festival organized by the People's Committee of Dong Thap Province in Hong Ngu Town last week attracted thousands of participants.
December 19, 2022 | 02:00 am PT
Masan buys back $72M in bonds

Masan buys back $72M in bonds

Masan has bought back VND1.7 trillion ($72.13 million) in its own bonds this month amid a surge in corporate bond buy backs after recent market crackdowns.
December 16, 2022 | 06:03 pm PT
Masan receives $600M foreign syndicated loan

Masan receives $600M foreign syndicated loan

Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions.
November 29, 2022 | 07:36 pm PT
Tech Champions 2022 acclaims Nyobolt's fast-charging tungsten battery technology

Tech Champions 2022 acclaims Nyobolt's fast-charging tungsten battery technology

Nyobolt's tungsten battery technology, which allows for faster charging and extended battery life, was selected as a finalist for the Financial Times Tech Champions 2022.
November 22, 2022 | 12:40 am PT
Masan Group seeks Germany's support for further development of high-tech materials

Masan Group seeks Germany's support for further development of high-tech materials

Masan Group CEO said he expected Germany government to facilitate investment in renewable technology at the Vietnam - Germany Business Roundtable on Nov. 13.
November 15, 2022 | 12:00 am PT
Masan scores $600-mln loan from HSBC, other lenders

Masan scores $600-mln loan from HSBC, other lenders

HSBC and several other financial institutions have provided conglomerate Masan Group with a $600-million loan, the largest syndicated advance it has ever raised.
November 11, 2022 | 12:47 am PT
Vietnamese billionaires say no to salaries

Vietnamese billionaires say no to salaries

Being chairmen of giant corporations with revenues exceeding billions of dollars, some Vietnamese billionaires chose to draw zero salaries.
September 4, 2022 | 05:32 am PT
Vinacafe sales up 19% in H1

Vinacafe sales up 19% in H1

Leading instant coffee producer Vinacafe Bien Hoa reported a 19% jump in sales year-on-year in the first half ending June to VND950 billion (US$40.6 million).
August 22, 2022 | 10:00 pm PT
Masan increases Phuc Long stake to 85%

Masan increases Phuc Long stake to 85%

Conglomerate Masan Group has bought another 34% in beverage chain Phuc Long Heritage to increase its ownership to 85%.
August 22, 2022 | 07:25 pm PT
Businesses accelerate ESG strategy

Businesses accelerate ESG strategy

Environmental, social, and governance (ESG) criteria are identified as priorities for many business leaders to ensure sustainable operations.
August 14, 2022 | 05:00 pm PT
Masan unit pours $53 mln into fast-charging UK battery maker

Masan unit pours $53 mln into fast-charging UK battery maker

A unit of conglomerate Masan has invested 45 million pounds ($53 million) into U.K.-based fast-charging battery maker Nyobolt Limited for a 15 percent stake.
July 15, 2022 | 02:15 am PT
Vietnam’s 7 richest people lose $2 bln amid stock market plunge

Vietnam’s 7 richest people lose $2 bln amid stock market plunge

The total net worth of Vietnam’s billionaires has fallen by 10 percent since the last Forbes’ update in March to $19.3 billion due to a plunging stock market.
May 20, 2022 | 12:24 am PT
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.
April 13, 2022 | 04:38 am PT
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
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