Vingroup CEO Denies Land Grab Speculation as Group Exits Vincom Retail Business to Refocus Resources
Vingroup plans to divest from Vincom Retail, one of Vietnam's largest retail chains. Currently, Vingroup subsidiaries own a 99% stake in Sado Company, the largest shareholder of Vincom Retail. In March 2022, an agreement was signed for Vingroup to sell its entire stake in SDI Company, which holds
A new retail format is introduced in the South by AEON Vietnam
As much as 5,000 square meters worth of small and medium-sized supermarkets will be opened by AEON Vietnam in partner retail malls. Along with opening a new retail model in the southern provinces, the company will strengthen the development of private-label products made in Vietnam and promote
Electronics retail sector in distress
The electronics and technology retail sector has taken a hit from the global economic downturn, with many large companies having performed poorly over the last two years. Sales are hit hard Many retail giants, including Mobile World Investment Corporation (MWG), FPT Retail and Digiworld, saw a