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The delay in vaccinating workers in the retail and logistics sectors is causing disruptions in the supply chain, a key player in the Covid-19 fight. Earlier this month, nearly 40 VinMart and VinMart+ outlets had been closed for several days due to Covid-19…
A consortium led by Chinese e-commerce giant Alibaba will invest $400 million in the subsidiary of conglomerate Masan Group that operates retail chain VinMart. The consortium, including Baring Private Equity Asia, one of the largest private equity firms in…
A year after conglomerate Masan Group acquired it from Vingroup, the VinMart retail chain is set to become WinMart. The rebranding would take place after the restructuring of the retail chain is complete, Truong Cong Thang, CEO of The CrownX, a subsidiary…
Conglomerate Masan Group will invest VND5 trillion ($215.7 million) in the subsidiary that controls its VinMart retail chain to help expand it. The investment would quadruple the charter capital of The Sherpa to VND6.5 trillion, it said in a statement.…
Masan has closed 421 VinMart+ convenience stores and 12 VinMart supermarkets this year as it restructures the retail business it acquired this year from Vingroup. Most of the closed stores were in Ho Chi Minh City. The closure has resulted in a cut in losses…
Vietnam consumer-goods company Masan Group says it plans to shut down hundreds of VinMart and VinMart+ stores it purchased from VinGroup last year. The company said they will open 10-30 new Vinmart supermarkets and close 100-300 Vinmart+ stores this year to…
Vietnamese supermarket chain VinMart claims to have opened Vietnam’s first virtual store. Run by VinGroup’s subsidiary VinCommerce, the new concept is being tested in 20 locations, including apartments, office buildings, schools and at bus stops, both in…
Vietnam’s biggest private conglomerate Vingroup has officially confirmed its acquisition of major tech products retailer Vien Thong A. In its financial statement for the third quarter of 2018, Vingroup lists Vien Thong A Import Export Trading Production…
Vingroup has opened its 55th shopping centre, The Vincom Center Landmark 81 mall, in Ho Chi Minh City’s Binh Thanh district. The 50,000sqm shopping centre occupies six of the skyscraper’s 81 storeys, housing 100 domestic and international brands in cosmetics,…
Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real…
Convenience-store giant 7-Eleven plans to enter Vietnam by taking over VinGroup’s VinMart+ chain, marketplace sources say. In a statement from the US last year, 7-Eleven said it would build stores as well as convert “existing locations”. Now industry insiders…
Miniso has been mentioned repeatedly in local newspapers. The retailer has announced its official presence in Vietnam through a franchise contract signed with Le Bao Minh Group. Le Bao Minh’s representative said it plans to open 13 shops in large cities in…
Vietnamese supermarket chain VinMart has tripled its revenue in the second quarter of this year. Parent VinGroup says the group achieved VND2,465 billion (US$110.6 million) in sales of its supermarkets and convenience stores, a 226 per cent increase compared…
Vietnam retail is on the brink of a convenience store boom as multinationals muscle up against fast-expanding local players. The increasing pace of life in urban Vietnamese cities is fuelling demand for convenience stores which, until three to four years ago,…
Retail has proved the shining segment for Vietnamese conglomerate Vingroup, with revenue jumping 363 per cent year-on-year to VND2.19 trillion (US$98.3 million) for the first quarter. Vingroup has been investing in retail properties for more than a decade,…
Vietnam’s largest retail group has snapped up local supermarket chain Maximark. Vingroup, whose assets already include 12 Vincom shopping centres with a raft of its own retail brands inside, and 125 VinMart grocery stores, will rebrand the nine Maximark…
