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Vingroup is to complete its exit direct retail businesses, shutting down its electronic business VinPro within this month. The closure of Vinpro is considered a sudden decision as the group acquired electronics chain Vien Thong A last year with more than 200…
Vietnamese conglomerate Vingroup’s electronics retailing arm VinPro is set to acquire mobile retail chain Vien Thong A next month. A source said that staff have been informed about the deal, and a merger process has commenced. However, Vien Thong A’s vice GM…
VinPro, the electronics retail arm of Vietnamese conglomerate Vingroup, may invest in mobile device retailer Vien Thong A. However, Vien Thong A GM Hoang Ngoc Vy has denied the media reports, before enigmatically adding that further information would be…
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…
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,…
The Vietnam mobile phone market is heating up, with major retailers pushing smaller businesses to the wall as new branded stores open almost every week. With limited marketing budgets, smaller retailers, the traditional mainstay of the mobile phone business,…
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