Vinmart

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

The local authorities have been cooperating with retailers in the city to stockpile basic necessities worth VND39.4 trillion (US$1.7 billion), up 5% against the last year.

At a price of VND 48,000 (US$2.07) per share, Masan valued the company at US$46 million and price to earnings (P/E) multiple of 13x.

It is unclear whether the GIC-led consortium has fully withdrawn from VCM or transferred its stake to other investors.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

Vingroup and Masan have agreed to merge some of their businesses to create “the country’s largest retail group”.

In less than a month, Masan Consumer, a consumer business of major conglomerate Masan Group, has initiated two deals to take its businesses beyond the food and beverage sector.