VIETNAM BUSINESS NEWS MAY 19 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/05/2021 10:50 GMT+7
Foodstuff prices rise, pose inflation threat
A supermarket in HCM City. With the costs of materials needed for foodstuffs rising, businesses are finding ways to cut costs so that they can keep prices steady. Photo nhandan.com.vn
Prices of foodstuffs have been increasing due to rising costs of raw materials.
Do Van Khuol, supply director of Saigon Food Company, said the cost of both domestically sourced and imported inputs have risen, including those of rice and seafood, whose output has fallen.
Tuesday, May 18, 2021, 14:30 GMT+7 This supplied photo displays Danny Le, CEO of Masan Group.
Masan Group Corporation and a consortium led by Alibaba Group and Baring Private Equity Asia (BPEA)
on Tuesday announced the signing of definitive agreements for the acquisition of a 5.5 percent stake in The CrownX for a total cash consideration of US$400 million.
The CrownX is Masan’s integrated consumer retail arm that consolidates its interests in Masan Consumer Holdings and VinCommerce.
The transaction implies a pre-money valuation of $6.9 billion for 100 percent of its equity, an equivalent of $93.5 per share.
Masan will own 80.2 percent of the company post the consortium’s investment.
Norther Bac Giang province remains hotspot of COVID-19 in Vietnam
The northern province of Bac Giang which is close to Hanoi capital, recorded a further 63 out of 85 community infections confirmed by the Ministry of Health (MoH) at noon on May 18.
COVID-19 tests in Bac Giang province (Source: vietnamnet.vn)
According to VOV, The new patients tested positive after having close contact with COVID-19 patients, the MoH said in its noon bulletin update.
They were all detected at Quang Chau, Van Trung and Dinh Tram industrial parks in Bac Giang.
Bac Giang, a gateway to Hanoi capital, has recorded nearly 500 locally transmitted cases, mostly at industrial parks, since the virus recurred in Vietnam in late April.
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Alibaba will acquire 5.5 per cent of The CrownX, Masan Group s consumer and retail arm
Masan Group Corporation (HSX: MSN) and a consortium led by Alibaba Group (Alibaba) and Baring Private Equity Asia (BPEA) today announced the signing of definitive agreements for the acquisition of a 5.5 per cent stake in The CrownX (TCX) for a total cash consideration of $400 million. The CrownX is Masanâs integrated consumer retail arm that consolidates its interests in Masan Consumer Holdings (MCH) and VinCommerce (VCM).
The transaction implies a pre-money valuation of $6.9 billion for 100 per cent of its equity, an equivalent of $93.5 (VND2.15 million) per share. Masan will own 80.2 per cent of The CrownX post the consortiumâs investment.