GIC buys into Vietnam’s Vingroup retail group
In this article (4)
A GIC-led investment group has purchased a minority shareholding in a Vingroup JSC retail business for US$500 million.
The Vietnamese business, VCM Services and Trading Development JSC, is a recent venture set up to oversee the group’s VinMart-branded supermarket and convenience store chains.
A statement by the Singapore sovereign wealth fund released last week stated that the subsidiary and its parent firm had “established themselves as reputable retail companies with attractive brands in Vietnam’s fast-growing consumer market”
GIC’s investment is intended as a signal of confidence in the growth outlook for disposable incomes and household consumption in Vietnam.
Questions & Answers
Q.What is the specific retail business that GIC has invested in?
What is the specific retail business that GIC has invested in?
GIC's investment is in VCM Services and Trading Development JSC, which is a recent venture overseeing Vingroup's VinMart-branded supermarket and convenience store chains.
Q.What is the value of GIC’s investment in VCM Services and Trading Development JSC?
What is the value of GIC’s investment in VCM Services and Trading Development JSC?
A GIC-led investment group has purchased a minority shareholding in the Vingroup retail business for US$500 million, according to the article.
Q.What is the purpose of GIC's investment in the Vietnamese retail group?
What is the purpose of GIC's investment in the Vietnamese retail group?
GIC's investment is intended to signal confidence in the growth outlook for disposable incomes and household consumption within Vietnam's fast-growing consumer market.
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