Masan Consumer had neither exported nor sold Omachi shrimp flavoured instant noodles directly to Qianyu Co., Ltd to export to Taiwan (China), the Vietnamese firm said on August 24.
Billionaire Nguyen Dang Quang, Chairman of Masan Group, has made new strides in conquering the Vietnamese telecom market by acquiring 70% shares of Mobicast JSC with a total value of VND295.5 billion (over $14 million).
After successfully entering the fish sauce market, billionaire Nguyen Dang Quang has invested in two segments with high potential: the US$10 billion pork and animal feed market.
Many domestic and foreign financial institutions have raised the target price for Masan Group’s share (MSN) by 20-29 per cent over the market price as this group reaps the initial successes of its "Point of Life" offline-to-online platform.
The flow of international capital has helped Vietnamese businesses grow quickly and build multi-sectoral businesses via big mergers and acquisition deals.
Masan Group billionaire Nguyen Dang Quang is considering a billion-dollar deal in an area that is Vietnam's strength but has been controlled by large foreign corporations for the past decade.
Masan Group Corporation and a consortium, including Chinese e-commerce giant Alibaba Group and Baring Private Equity Asia, on May 18 announced the signing of definitive agreements
After Masan Group's acquisition of Vingroup’s retail chain, Masan’s Nguyen Dang Quang took great steps to master the $7 billion system and form an ecosystem for Vietnamese people.
Merger and acquisition deals in Vietnam’s food and beverages arena in the first five months of this year were inevitably subdued due to global slowdowns across the board.
There is likely false play in the way livestock companies calculate the selling price of live pigs, which is helping them maintain stellar profits in spite of the government’s calls to stabilise prices.
It is unclear whether the GIC-led consortium has fully withdrawn from VCM or transferred its stake to other investors.
The profit margin of VinMart+ has been improving over the last three years, and despite current losses, the retailer expects to turn a profit next year.
Masan Group intends to close up to 10 VinMart supermarkets and 150-300 VinMart+ convenience stores that have performed poorly and will open 20-30 new VinMart supermarkets and 300-500 VinMart+ stores this year.
Vietnam was still attractive to investors in 2019 despite global caution about US President Donald Trump’s policies.
Besides rapid urbanization, the rising income of consumers is one of the reasons for the booming of the Vietnamese retail market.
The market needs more cooperation among Vietnamese retailers amid the massive influx of foreign retailers, experts say.
Both SK Group and South Korea’s National Pension Service (NPS) would contribute US$430 million to the fund.
Vingroup is now able to focus on its core businesses while Masan found its last piece of a puzzle to build an empire of consumer retail.