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VinMart
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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.
23 VinMart, VinMart+ outlets closed due to Covid-19 linkage
Eight VinMart supermarkets and 15 VinMart+ minimarts in Hanoi and Hung Yen Province have been temporarily closed Monday after a meat supplier was found to have a Covid-19 linkage.
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
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.
June 30, 2021 | 11:49 pm PT
Alibaba invests in VinMart operator The CrownX
A consortium led by Chinese e-commerce giant Alibaba will invest $400 million in the subsidiary of conglomerate Masan Group that operates retail chain VinMart.
May 17, 2021 | 08:22 pm PT
VinMart to become WinMart
A year after conglomerate Masan Group acquired it from Vingroup, the VinMart retail chain is set to become WinMart.
April 1, 2021 | 07:41 pm PT
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
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 13, 2020 | 07:57 pm PT
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 1, 2020 | 09:35 pm PT
Retail, banking sectors see big-ticket M&A deals in 2019
Acquisitions worth well over a billion dollars took place this year in retail and banking, and the trend could persist in 2020, experts say.
December 17, 2019 | 11:54 pm PT
Winners and losers in Vietnam’s retail market
In the last decade the entry of new players into Vietnam’s retail market has forced some old ones out and intensified competition.
December 10, 2019 | 08:03 pm PT
Singapore fund leads $500 million investment in Vingroup
A consortium led by Singapore sovereign wealth fund GIC signed an agreement to invest $500 million in a retail unit of private conglomerate Vingroup.
September 9, 2019 | 10:00 pm PT
Vingroup buys out Queenland Mart
Private conglomerate Vingroup has acquired supermarket chain Queenland Mart, as it continues its buying spree since last year to expand.
September 2, 2019 | 07:35 pm PT
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