The Sherpa Company Limited, a subsidiary of Masan Group Corporation, has acquired a 20-percent stake in Phuc Long Heritage JSC, which owns one of the leading tea and coffee brands in Vietnam – Phuc Long, for 15 million USD, according to an announcement.
Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.
The Republic of Korea (RoK)’s conglomerate SK Group said it will make a strategic investment in VinCommerce, Vietnam’s largest retailer, to tap into the fast-growing e-commerce segment in the Southeast Asian market, reported Yonhap News Agency.
The year 2020 marked a rough year for the global finance and equity markets as the COVID-19 pandemic scaled down the global economy and discouraged investors to execute their M&A deals as planned.
Masan Group Corporation was one of the top 10 companies in terms of investment and M&A deals in 2019-20, with its subsidiaries striking deals with VinCommerce, Starck, NET, and 3F.
Masan Group Corporation (HOSE: MSN) has reported consolidated net revenues of 17.632 trillion VND (753.08 million USD) in the first quarter of financial year 2020, a year-on-year increase of 116.1 percent.
Vingroup, Vietnam’s largest private firm by market value, has given up control of its retail unit as it wants to concentrate on the technological and industrial sectors.
Vietnamese conglomerate Vingroup said on December 3 it has entered into a share swap agreement to merge its retail and agriculture arms with Masan Consumer Holdings, to create the country’s biggest retail company.
Through merger and acquisition (M&A) activities and the improvement of goods quality and services, Vietnamese retailers are trying to win the support of local customers and compete with foreign rivals.
VinGroup-run VinMart and VinMart+ supermarket system on August 9 launched a programme to protect the environment by a “three-green” solution: green supermarkets, green customers and green suppliers.
Vingroup Conglomerate’s retail arm, VinCommerce, aims to become one of the leading retailers in the Asia-Pacific via a cooperation deal with Australian-based XAct Solutions Company recently inked in Hanoi.
VinCommerce, a subsidiary of real estate and retail giant Vingroup, announced on April 2 that it will receive the transfer of 87 Shop&Go stores at the price of 1 USD.
The Vietnam Report Company, in collaboration with Vietnamnet newspaper, announced the Top 10 most prestigious retailers in Vietnam in 2018 on October 25.
Vingroup’s retail arm, VinCommerce, has completed the acquisition of the Fivimart supermarket system, according to a Vingroup press release published on October 8.
As the country’s consumption demand increases to match national economic progress, more and more foreign retailers are entering the Vietnamese market to a warm welcome from buyers, while Vietnam’s domestic brands look for their own growth strategies against the newcomers.
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