Business

VinMart officially changes its name to WinMart

WinCommerce, a member of Masan Group, on January 15 held a ceremony to announce its change of the brand name of VinMart retail system into WinMart.
VinMart officially changes its name to WinMart ảnh 1WinMart supermarket in Vinh on opening day (Photo: VNA)
Nghe An (VNA) - WinCommerce, a member of Masan Group, on January 15 held a ceremony to announce its change of the brand name of VinMart retail system into WinMart.

Also at the event, the company opened its first WinMart supermarket integrating Phuc Long and Reddi mobile network in Vinh city, the central province of Nghe An.

This is an important step in WinCommerce's strategy to bring Vietnamese consumers new modern shopping experiences. The rebranding plan has been envisaged by WinCommerce since the time Masan Group took over the retail segment from Vingroup. This transition will be completed in the first quarter of this year.

After acquiring WinCommerce, Masan has successfully restructured, improved operational efficiency, launched mini-mall model, meeting a variety of essential needs of consumers. In the mini-mall, there are integrated WinMart , Techcombank, Phúc Long kiosk, Phano pharmaceutical and Reddi mobile network.

WinCommerce has got profitable for the first time in the third quarter of last year, seven quarters after Masan acquired it.

Truong Cong Thang, CEO of WinCommerce said: “WinMart operates with five core values including: serving daily essential products that meet "The Very Best of Fresh" standards, promoting domestic production, protecting domestic distribution system, bringing Vietnamese goods to the world, and actively contributing to the State budget.”

The company also cooperates with the Nghe An Department of Industry and Trade to organise the Nghe An Agricultural Products - Specialties Week and Vinh’s Orange Week.

Nguyễn Thị Phương, Deputy CEO of WinCommerce said: “WinCommerce affirms its position as a retailer of Vietnamese people when it always maintains a ratio of more than 90 percent of domestic goods at WinMart/WinMart .

“With consumer-centric approach, we are constantly innovating to meet the essential needs of consumers in the most complete way. Through WinMart/WinMart , quality products of manufacturers and farmers are distributed widely, cutting intermediaries costs, and quickly reaching consumers.”

At the event, Masan Group donated a high-class ECMO ventilator to Huu Nghi Hospital to help the hospital in the fight of COVID-19 epidemic. This is the first ECMO system in the province.

It also presented 2,000 gifts with total value of 1 billion VND (43,950 USD)  to the programme "Tet for the poor - Nham Dan 2022" through the provincial Fatherland Front Committee./.
VNA
#WinCommerce #Vietnamplus #Vietnam News Agency #Masan Group #VinMart retail system #WinMart #Vietnamese goods #WinMart supermarket Nghe An
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