2 Vietnam companies to merge units to create retail giantHANOI: Two of Vietnam’s most important companies plan to merge some of their units to create a retail giant in the country. Vingroup JSC’s retail and agriculture units will merge with Masan Consumer Holdings -- a subsidiary of Masan Group Corp -- to create the new corporation, according to a Vingroup statement. Vingroup, which started its auto assembly firm VinFast this year, agreed to the merger so it can focus more on manufacturing and technology, according to the statement. VinCommerce operates 2,600 more than VinMart supermarkets and VinMart+ stores, while VinEco oversees 14 farms. The agreement will be finalised after legal procedures are worked through, according to the statement.

Source: Bangkok Post December 03, 2019 08:15 UTC