Masan partners Phuc Long to develop Phuc Long Kiosks at VinMart+ stores nationwide 14:45 | 24/05/2021 Masan Group and Phuc Long will open Phuc Long Kiosks at VinMart+ stores Phuc Long Heritage owns the Phuc Long brand, one of the leading tea and coffee brands in Vietnam. The purchase price of the transaction is $15 million. As a part of the transaction, VinCommerce entered into a strategic cooperation agreement with Phuc Long to jointly develop Phuc Long Kiosks through a network of more than 2,200 VinMart+ stores nationwide. These Phuc Long Kiosks at VinMart+ will not only brings fresh and delicious tea and coffee drinks to 100 million Vietnamese consumers but also play an important part in converting each of the VinMart+ stores into a destination that satisfies the daily essential needs of consumers of all ages.
VN tycoon considers major deal, competes with foreign rivals in $10bil market segment Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 19/05/2021
16:07 GMT+7 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. According to Bloomberg, Masan Group (MSN) plans to raise US$1 billion by selling its shares to strategic partners to invest in animal feed production through its subsidiary Masan MeatLife (MML). According to this source, Masan is also thinking about organizing an initial public offering (IPO) for the animal feed business of Masan MeatLife, as it believed that Masan MeatLife (MML) is undervalued by the market.
Nintendo wins ban on pirate Switch devices 19-04-2021 17-12-2019 Nintendo has secured an injunction against a Vietnamese Amazon seller whose devices allow users to play pirated video games on the Switch console. The judgment, handed down by the US District Court for the Western District of Washington last Thursday, April 15, is a victory for Nintendo in its legal campaign to crack down on pirated Switch games. In this case, Nintendo sued Le Hoang Minh, a Vietnamese citizen who trades on Amazon as Winmart. According to court documents, the defendant did not file a counter-pleading at the court but did submit a defence against Nintendo’s copyright claims to Amazon.
SK Group to acquire 16.26 per cent stake in VinCommerce 12:12 | 06/04/2021 Masan Group Corporation and SK Group today announced the signing of definitive agreements for SKâs acquisition of a 16.26 per cent stake in VinCommerce (VCM) for a total cash consideration of $410 million. The transaction values VCM at $2.5 billion. VinMart supermarket chain of Masan has become a favoured destination for shoppers As the leading players in their industry, Masan and SK share the same view on the explosive growth trajectory of Vietnamâs modern trade grocery retail (MT) scene. Along with this, Vietnamâs MT market is expected to increase its share from 8 to 50 per cent of the retail landscape, making Vietnam the fastest-growing MT market in the Asia-Pacific region over the next decade.
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.
VinCommerce, realisation of Masan Group "Point of Life" business strategy vir.com.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vir.com.vn Daily Mail and Mail on Sunday newspapers.
Harvesting cabbages in Kinh Mon town, Hai Duong province (Photo: nld.com.vn) Hanoi (VNS/VNA) - The Ministry of Industry and Trade (MoIT) is working to connect enterprises and localities facing COVID-19 outbreaks to ensure goods are consumed, especially agricultural produce in virus-hit areas. After Hai Duong applied social distancing across the province from February 16, the ministry worked with major distribution systems in the north such as Central Group ( Big C and Go! supermarket chains), Vincommerce (Vinmart and Vinmart chains), BRG Retail (BRG Mart supermarket chain), and MM Mega Market chain to purchase agricultural products from farmers, co-operatives and