Masan’s acquisition of VinCommerce, VinEco tops M&A deals in Vietnam in 2009-2023

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

WinCommerce records net losses for third straight year

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’s 2022 profit down 58.3% after feed business consolidation

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

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