Vietnamese conglomerate Masan Group Corporation has received permission to invest VNĐ3.5 trillion (US$149 million) in a Foodstuff Industry Centre project in Hậu Giang Province to produce foodstuff and cosmetic products.
Retail sales growth in Vietnam accelerated from 1.7 percent year on year in the first two months of 2022 to 10.4 percent in March and 12.1 percent in April
(Bloomberg) Masan Group is taking a 25% stake in Vietnamese fintech startup Trusting Social valued at $65 million as the consumer conglomerate accelerates its transition to e-commerce.
Masan Group Corporation is focusing on adopting technology and artificial intelligence across its daily operations and consumer experience to truly become a consumer-tech ecosystem, according to Danny Le, its CEO.
The partnership with Trusting Social further expands Masan’s consumer capabilities with AI and ML consumer solutions to meet consumer’s need for personalisation, convenience and accessibility. Photo courtesy of Masan