Live Breaking News & Updates on Modern Trade Grocery Retail

Tuesday, April 06, 2021, 14:21 GMT+7
This supplied photo shows an employee checking goods at a shelf at a VinMart supermarket in Vietnam.
Vietnam s Masan Group Corporation and SK Group from South Korea on Tuesday announced the signing of definitive agreements for the latter s acquisition of a 16.26 percent stake in the former s VinCommerce for a total cash consideration of US$410 million.
The transaction values VinCommerce at $2.5 billion for 100 percent of its equity, the two sides said in a statement.
Masan and SK share the same view in Vietnam’s Modern Trade Grocery Retail (MT) explosive growth trajectory.
Vietnam’s MT market is expected to increase its share to 50 percent from eight percent of the retail landscape, making the country the fastest-growing MT market in the Asia-Pacific region over the next decade. ....

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