Mega Market emerges from Thai investment

Eight months after being acquired by TCC Thailand, Metro Cash & Carry Vietnam has undergone a range of changes, including a new name – Mega Market.

Since taking over Metro, the Thai group has accelerated agricultural projects to support Vietnamese producers. In July, TCC started exported hundreds of tonnes of Vietnamese fruits and vegetables to Thailand through Big C Thailand. It has also been seeking other suppliers for such products as avocados, sweet potatoes and oranges.

Mega Market now has 19 wholesale centres across Vietnam, with three each in Hanoi and Ho Chi Minh City.

As the main shareholder of Big C Thailand (97.94 per cent), TCC Group has plans to merge Mega Market with the Thai supermarket.

TCC Thailand chairman Charoen Sirivadhanabhakdi says Vietnam offers good resources for agricultural development.

TCC Thailand paid US$704 million to acquire Metro Vietnam in January, buying Big C Thailand the following month for US$3.5 billion.