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Masan buys additional shares in subsidiary The CrownX
Conglomerate Masan Group has acquired an additional 4.7 percentage stake in its subsidiary The CrownX, bringing its ownership to 84.9 percent.
South Korea’s SK Group buys 16.26 pct stake in VinCommerce
South Korean conglomerate SK Group has acquired a 16.26 percent stake in VinCommerce, the subsidiary of Masan Group that controls its VinMart retail chain, for $410 million.
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 30, 2021 | 10:42 pm PT
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 12, 2020 | 08:25 pm PT
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 2, 2020 | 07:43 pm PT
Vietnam FMCG sales growth second fastest in Southeast Asia
Vietnam reported the second fastest growth in sales of fast-moving consumer goods (FMCG) in Southeast Asia last year, market research firm Nielsen says.
May 30, 2019 | 05:37 am PT
Vietnamese retailers expanding faster than foreign peers
Local retail firms are expanding quickly while foreign counterparts stagnate or quit due to fierce competition.
May 24, 2019 | 07:00 pm PT
Vingroup acquires convenience store chain Shop&Go
Private conglomerate Vingroup has acquired convenience store chain Shop&Go for $1 as part of continuing efforts to grow its retail business.
April 1, 2019 | 09:39 pm PT
Vingroup retail arm acquires Vietnamese supermarket chain
VinCommerce, owner of the largest Vietnamese retail outlet chain, has bought out competitor supermarket chain Fivimart.
October 8, 2018 | 12:53 am PT