Masan’s acquisition of VinCommerce, VinEco tops M&A deals in Vietnam in 2009-2023
Retail giant Masan Group’s acquisition of the VinCommerce and VinEco chains from Vingroup topped the list of outstanding Vietnamese acquisitions from 2009-2023 announced at the recent Vietnam M&A Forum 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam conglomerate Masan’s revenue grows 3.5% in Jan-Sep, affirms SK as long-term partner
Leading Vietnamese private conglomerate Masan Group recorded a revenue of VND57.47 trillion ($2.34 billion) in the first nine months of 2023, up 3.5% year-on-year, the firm announced on Monday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tech giants showcase advances at Vietnam’s biggest-ever innovation expo
The ongoing Vietnam International Innovation Expo (VIIE) 2023, the biggest-ever event of its kind in the country, is drawing the participation of multiple domestic and international technology companies.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firm Bain Capital to invest $200 mln in Vietnamese group Masan
Bain Capital, a U.S.-headquartered investment firm, will invest $200 million in equity capital with Vietnamese conglomerate Masan Group, and plans to up this to $500 million.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam world's third largest instant noodle market, after China, Indonesia
Vietnam has been among the top three markets for instant noodles over the past three years, according to the World Instant Noodle Association (WINA).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan's revenue grows 3.6% to $1.6 bln in H1
Leading Vietnamese private conglomerate Masan Group recorded a revenue of VND37.32 trillion ($1.57 billion) in the first half of 2023, up 3.6% year-on-year, the firm announced Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Trusting Social brings AI-powered agents to enterprises, backed by Microsoft Cloud
Trusting Social, a leading Asian fintech AI company, has announced the launch of Agent Foundry, a generative AI platform that provides trainable, AI-powered autonomous agents to enterprises.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan opens first WinMart ‘experience store’ in Hanoi
WinCommerce, the groceries retailing arm of Masan Group, reopened the WinMart Thang Long store in Hanoi’s Cau Giay district Friday as "the first one in the capital city under the experience store model".
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch agri giant De Heus, Vietnam firm to build $107 mln complex near HCMC
Dutch agribusiness De Heus and Vietnam’s Hung Nhon Group signed a memorandum of understanding with the People's Committee of Tay Ninh on Friday to develop a high-tech agricultural complex in the southern province with VND2.5 trillion ($106.5 million) in investment.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Conglomerate Masan's net revenue up 3% to $800 mln in Q1
Leading Vietnamese conglomerate Masan Group, listed on the Ho Chi Minh Stock Exchange (HoSE) as MSN, recorded a net revenue of VND18.71 trillion ($797.4 million) in 2022, up 3% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan eyes $500 mln international bonds, two-digit revenue growth
Leading Vietnamese conglomerate Masan Group plans to issue international convertible bonds worth up to $500 million to increase its working capital this year, pursuing target revenue growth of 31%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan High-Tech Materials obtains 15% revenue growth in 2022
Masan High-Tech Materials of Vietnamese conglomerate Masan Group has achieved a year-on-year increase of 15% in 2022 thanks to strong demand and pricing for Tungsten products.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
WinCommerce records net losses for third straight year
WinCommerce, the retail arm of Vietnamese conglomerate Masan Group, suffered a loss of over VND445 billion ($18.9 million) in 2022, tripling the 2021 figure and marking a third consecutive year of losses.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan Group draws down first tranche of $650 mln syndicated loan amid volatile global banking market
Masan Group Corporation announced Thursday the successful disbursement of its $375 million, the underwritten tranche of its $650 million syndicated loan signed in February 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms likely to suffer from Credit Suisse downfall
The downfall of Credit Suisse, Switzerland's second-largest bank, is likely to pose problems for some Vietnamese corporations that had used the creditor to conduct business deals with.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan announces new $650 mln syndicated loan
Vietnam’s leading private conglomerate Masan Group said Friday it has finished a roadshow for a new $650 million syndicated loan in 2023 following another for $600 million last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Reputation of issuers key to bond investment decisions
The Vietnamese bond market has faltered over the past two years under the impact of market turbulences and declines in investor confidence due to legal incidents and some inaccurate media reports on bond issuers.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coffee chains brew battle for winning cup
Cafe chains in coffee-crazy Vietnam are gathering pace as both international and domestic brands go head-to-head expanding their networks following the pandemic.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan allowed to invest $105 mln in Singapore’s Trust IQ
Vietnamese conglomerate Masan Group’s subsidiary The Sherpa on Friday received an offshore investment registration certificate to place $105 million in Singapore-based tech firm Trust IQ Pte. Ltd.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan Group’s 2022 profit down 58.3% after feed business consolidation
Vietnamese multi-business corporation Masan Group saw its 2022 net profit after tax decline by 58.3% year-on-year to VND3,567 billion ($152 million), primarily due to one-off financial income gains from deconsolidation of its feed business in the last quarter of 2021.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam retail sees 2022 a thriving year
Both domestic and foreign retailers speeded up their business during 2022 with post-pandemic plans to further tap the country’s growing middle class, creating a booming year for the industry.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean giant SK mulls Southeast Asia asset sale for reinvestment
SK Group, South Korea’s second-largest conglomerate, said Monday it is considering selling some of its assets in Southeast Asia to reinvest in other companies in Vietnam and other regional countries.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Large offshore loans fuel Vietnamese banks, firms
Major international financial institutions have been providing several Vietnamese banks and companies with large loans to bolster their growth.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Three Masan deals among Vietnam’s top 10 M&As
Three transactions among the top 10 merger and acquisition deals, ranked by Vietnam M&A Business Forum 2022, belong to multi-sector corporation Masan Group.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
HSBC helps Masan secure $600 mln loan facility
HSBC Bank Vietnam has worked with other financial institutions to provide a $600 million syndicated loan to Vietnamese conglomerate Masan Group and its subsidiary The Sherpa Company Ltd.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan modern grocery stores account for 50% of Vietnam network: chairman
Masan Group, one of Vietnam’s leading multi-sector corporations, plans to open 80-120 Win stores in the last months of the year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan delivers 39.5% core profit increase in 9 months
Masan Group, one of Vietnam’s leading private conglomerates, said Friday its January-September core profit after tax soared by 39.5% year-on-year to VND2,105 billion ($84.74 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan plans to issue $161 mln in high-yield bonds
Vietnamese private conglomerate Masan Group will issue VND4 trillion ($161 million) worth of non-convertible, unwarranted and unsecured bonds to the public.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan clothing chain Uniqlo nears 15 stores in Vietnam
Japanese retailer Fast Retailing’s clothing chain Uniqlo will open its 13th outlet in Vietnam this Friday, followed by another two.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Phu Yen okays $32-mln high-tech livestock project
The south-central province of Phu Yen has approved in principle a high-tech livestock project worth VND794 billion ($32 million), supplying the market about 300,000-350,000 piglets a year.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Animal husbandry draws big investments in Vietnam
Both domestic and foreign investors are heating up the race in animal husbandry in Vietnam, where the industry offers numerous expansion opportunities.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan launches one-stop shop chain ahead of retail unit IPO
Masan Group officially kicked off its multiple-service shopping platform WIN in Vietnam on Friday while planning an international initial public offering (IPO) for its consumer retail unit The CrownX in 2023-2024.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Grocery retailers see rapid expansion on surging Vietnam demand
Many mass grocery retailers are expanding in Vietnam, capitalizing on the country's fast-growing grocery sector and increased food spending.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign, local retailers compete neck and neck in Vietnam
Vietnam’s market size of almost 100 million people and fast economic growth are magnetizing both domestic and foreign investors, especially Asian majors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam fintech growth an investment magnet: analysts
The Vietnamese fintech sector’s rapid growth, second only to Singapore in Southeast Asia, will be a big attraction for new investment inflows, analysts say.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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