The Big C deal was made public on April 29. Big C is the largest foreign-owned retail chain in Vietnam with 33 supermarkets and 11 convenience stores. Vietnamese electronics retailer Nguyen Kim, 49 percent owned by Central Group, also joined the Thai conglomerate in the acquisition of Big C. Their respective stakes have not been disclosed. Thai retail giant Central Group has declared around VND2 trillion (US$89.6 million) in tax on its acquisition of Vietnam's biggest foreign-owned supermarket chain Big C, local media reported. According to the department, Vietnam's laws stipulate that businesses have 10 days to pay taxes on the sale of their holdings after their negotiation is completed.

Source: Thanhnien News August 02, 2016 04:07 UTC