Vinmart

Update news Vinmart

To provide Vietnamese consumers access to high quality fresh fruits, top produce suppliers from New Zealand have collaborated with Vinmart to launch the second edition of New Zealand Fruit Week.

VN tycoon considers major deal, competes with foreign rivals in $10bil market segment

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.

Vuong leaves Vinmart, Quang takes over

Billionaire Nguyen Dang Quang will build The CrownX into a $10 billion firm and change the name of VinMart to WinMart, which will follow a new operation model after Vingroup, owned by Pham Nhat Vuong, leaves.

Hundreds of VinMart+ stores will be closed

Under the management of Masan, hundreds of VinMart+ convenience stores will be closed this year.

Masan MeatLife to pour $22 million in Anco

By injecting VND500 billion ($21.74 million) into Anco, Masan MeatLife will increase its stakes from 70 to nearly 100 per cent.

Singapore’s GIC, Credit Suisse no longer hold shares of Vinmart operator?

It is unclear whether the GIC-led consortium has fully withdrawn from VCM or transferred its stake to other investors.

Virus rouses food safety awareness in Vietnam

Supermarkets and retailers in Vietnam are making bank from the public rushing to stock up on indispensable food supplies, which could ultimately push forward an increase in awareness of food handling and safety.

VinMart closes numerous stores to reach break even point sooner

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 to close ineffective VinMart, VinMart+ stores

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.

 

Masan owns 83.74% of shares at Vingroup’s subsidiary after share swap deal

Masan has announced that after the share swap deal with Vingroup, it now owned 83.74% of Vingroup’s subsidiary VCM Services and Trading Development Joint Stock Company (VCM) which operated Vinmart and Vinmart+ stores.

 

After Vinmart, Masan targets US$28-million stake of local Net Detergent

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.

Vietnamese billionaires join hands to develop domestic retail network

The market needs more cooperation among Vietnamese retailers amid the massive influx of foreign retailers, experts say.

Adayroi closes following VinMart merger

All operations of Vingroup’s e-commerce platform Adayroi stopped since yesterday (December 17) evening.

VN suppliers struggle for places in supermarkets

It is becoming more and more difficult for manufacturers and suppliers to distribute their products via supermarkets.

M&A situation turns around: VN billionaires take over foreign retailers

Foreign retail groups undoubtedly are a powerful influence in the domestic market. However, Vietnamese retailers are vowing to ‘play big’ to gain the upper hand in the home market.

Some retail brands disappear quietly, others expand to great fanfare

VietNamNet Bridge - The competition in the Vietnamese retail market has been consistently hot over the last decade.

Who is the most profitable retailer?

Analysts several years ago predicted that foreign retailers, with their powerful financial capability and experience, would dislodge Vietnamese retailers out of the home market. But their business results have become worse.

Convenience stores gear up for network competition

VietNamNet Bridge - Vietnamese and foreign convenience stores are rushing to open more shops, use more technologies and provide more services in the retail market.

The rise of convenience stores, minimart chains

VietNamNet Bridge - More than one-third of Vietnamese households shop at convenience stores or minimarts 10 times a year, according to Kantar Worldpanel. 

Retailers join technology race to snag more customers

VietNamNet Bridge - Retailers are rushing to develop online sales by offering technological solutions to attract more customers.