Masan

The latest purchase put Phuc Long’s valuation at $355 million.

This is the largest retail network in Vietnam with nearly 3,000 stores.

Low interest rates could open up new opportunities for investors to take advantage of the cheap capital to buy shares and acquire new assets via M&A deals.

It is unclear whether the GIC-led consortium has fully withdrawn from VCM or transferred its stake to other investors.

Vingroup’s investment in the aviation industry could lead to a surplus in supply, while the group needs to focus its resources on the industrial and technology businesses.

Nine out of the ten largest cap companies continued to lead the classification compared to 2018, but their rankings are now changed.

Besides rapid urbanization, the rising income of consumers is one of the reasons for the booming of the Vietnamese retail market.

Both SK Group and South Korea’s National Pension Service (NPS) would contribute US$430 million to the fund.

This move is part of Vingroup’s restructuring process, aiming to reallocate its resources to core businesses of industry and technology to compete globally, said a company executive.

Vingroup is now able to focus on its core businesses while Masan found its last piece of a puzzle to build an empire of consumer retail.