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How did the wealth of Vietnam's 6 billionaires change in 2024?

How did the wealth of Vietnam's 6 billionaires change in 2024?

The collective net worth of Vietnam’s six billionaires in the Forbes rankings rose by US$800 million in 2024 though three of them saw a decline in their wealth.
Masan's retail success and HCS divestment fuel strong year-end performance

Masan's retail success and HCS divestment fuel strong year-end performance

Bill Gates foundation to receive nearly $400K in dividends from Masan subsidiary

Bill Gates foundation to receive nearly $400K in dividends from Masan subsidiary

Masan Consumer, Vietjet cooperate to bring Chin-su Pho Story internationally

Masan Consumer, Vietjet cooperate to bring Chin-su Pho Story internationally

Masan Consumer Holdings (Masan Consumer) and Vietjet Air have signed a strategic agreement to introduce Chin-su Pho Story on both domestic and international flights.
December 5, 2024 | 04:00 am PT
Advantages help Masan target foreign mineral markets

Advantages help Masan target foreign mineral markets

The strength of tungsten production, a broad international partner network, and a favorable global market context give Masan High-Tech Materials significant potential to expand its business.
December 4, 2024 | 07:30 pm PT
Masan Group honored for outstanding M&A strategy

Masan Group honored for outstanding M&A strategy

Masan Group was named "Business with Outstanding M&A Strategy 2023-2024" at the M&A Forum on Nov. 27.
November 29, 2024 | 03:00 am PT
Thai giant Central Retail posts over $1B revenue in Vietnam over first 9 months of 2024

Thai giant Central Retail posts over $1B revenue in Vietnam over first 9 months of 2024

Central Retail, Thailand’s top retail group, has marginally boosted its revenue in Vietnam, reaching VND27.628 trillion (US$1.09 billion) in the first nine months of this year.
November 16, 2024 | 10:55 pm PT
Masan secures $5B in foreign investment focused on consumer retail building blocks

Masan secures $5B in foreign investment focused on consumer retail building blocks

Masan Group has made its mark in the retail sector, revitalizing WinCommerce and securing $5 billion in foreign investment over the past 17 years, reflecting the group's ability to build investor trust through clear and effective strategies.
October 14, 2024 | 01:00 am PT
Masan Consumer transfers listing to HoSE, issues additional shares

Masan Consumer transfers listing to HoSE, issues additional shares

Masan Consumer has unveiled a plan to upgrade its MCH listing to the Ho Chi Minh Stock Exchange (HoSE), aiming to enhance the valuation of Masan's stocks, including MCH and MSN, as of Sept. 26.
October 8, 2024 | 11:30 pm PT
Masan expects Q3 profit to exceed Q2

Masan expects Q3 profit to exceed Q2

Michael Hung Nguyen, Deputy CEO of Masan Group, said that Masan's profit in the third quarter is expected to be higher than the second.
October 1, 2024 | 05:30 pm PT
Masan buys back WinCommerce stake from South Korea’s SK Group

Masan buys back WinCommerce stake from South Korea’s SK Group

Masan Group has reacquired for US$200 million a 7.1% stake in its retail arm WinCommerce that it had previously sold to South Korean conglomerate SK Group.
September 4, 2024 | 11:32 pm PT
WinCommerce's strategy for sustainable growth

WinCommerce's strategy for sustainable growth

After more than four years under Masan's ownership, WinCommerce has enhanced its synergy with other components of Masan's consumer-retail ecosystem, aiming for a path of sustainable, profitable growth.
August 29, 2024 | 05:00 pm PT
How WinCommerce modernizes grocery retail in Vietnam

How WinCommerce modernizes grocery retail in Vietnam

WinCommerce, Masan Group's retail arm, is modernizing grocery retail in Vietnam with its "New Commerce" consumer model.
August 23, 2024 | 06:30 pm PT
Masan's WinCommerce growth mirrors Indian giant Reliance Retail

Masan's WinCommerce growth mirrors Indian giant Reliance Retail

Masan's WinCommerce shares similarities with India's largest retailer, Reliance Retail, which started from essential retail and then expanded to other areas such as telecommunications, online grocery, and technology.
August 22, 2024 | 07:00 pm PT
Masan builds multinational workforce to drive 'Go Global' strategy

Masan builds multinational workforce to drive 'Go Global' strategy

With a diverse range of business activities and products consumed in markets worldwide, Masan Group boasts a substantial workforce of nearly 40,000 employees, spanning multiple countries including Vietnam, the U.S., Australia, and India.
August 14, 2024 | 09:00 pm PT
Masan’s Q2 profit doubles

Masan’s Q2 profit doubles

Conglomerate Masan Group posted VND946 billion ($38 million) post-tax profit in the second quarter, up 2.2 times year-on-year.
July 26, 2024 | 09:37 pm PT
'Go Global' strategy helps Masan enter top 500 largest companies in Southeast Asia

'Go Global' strategy helps Masan enter top 500 largest companies in Southeast Asia

America's Fortune magazine announced Masan Group in the Fortune Southeast Asia 500 ranking, the top 500 largest companies in Southeast Asia, on June 18.
June 26, 2024 | 12:30 am PT
Masan sells German tungsten subsidiary to Mitsubishi for $134M

Masan sells German tungsten subsidiary to Mitsubishi for $134M

A subsidiary of conglomerate Masan Group has signed a deal to sell a 100% stake in its wholly-owned German tungsten powder making subsidiary to Japan’s Mitsubishi for US$134.5 million.
May 30, 2024 | 07:55 pm PT
Retailer Masan posts surging growth from core businesses

Retailer Masan posts surging growth from core businesses

Masan Group saw profits from its core consumer goods businesses rising double digits last year.
January 30, 2024 | 03:22 pm PT
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