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Update news VinEco
In less than a month, Masan Consumer, a consumer business of major conglomerate Masan Group, has initiated two deals to take its businesses beyond the food and beverage sector.
Vietnam’s largest conglomerate Vingroup has announced the sale of its retail and agricultural arms to Masan Group.
Vietnamese conglomerate Vingroup said on December 3 it has entered into a share swap agreement to merge its retail and agriculture arms with Masan Consumer Holdings, to create the country’s biggest retail company.
VietNamNet Bridge - Hi-tech agricultural production requires huge capital and long-term investments, while the risks are high and the policies are not encouraging.
Hundreds of poultry farming companies provide meat and eggs, and tens of thousands of household-run farms are operating throughout the country. However, no powerful company has yet to lead the market.
VietNamNet Bridge - The repeated alarms about unsafe food has brought great opportunity to several big investors, who have been pouring money into organic food projects.