Vinmart news

08 April 2021
Masan Group renames VinMart, one year after acquiring the multi-format chain of grocery stores from Vingroup. Restructuring will take place before rebranding Vietnam's conglomerate Vingroup sold its retail subsidiary VinCommerce, which operates VinMart, VinMart+ and agriculture arm VinEco to Masan Group in a merger deal in December 2019. The CrownX, the retail subsidiary of Masan Group, is ...
16 January 2020
Masan Group plans to close hundreds of loss-making VinMart and VinMart + stores after purchasing the retail chain. Decision pending review Masan Group revealed that the performance of VinMart + was significantly better in Hanoi than in other cities. A representative from Masan said the group will shut down unprofitable stores after reviewing the performance. About ten VinMart supermarkets a...
04 December 2019
Vingroup, which operates VinMart supermarkets and VinMart+ convenience stores, will merge its retail and agriculture arms with Masan Consumer Holdings, a food and beverage manufacturer. Masan will operate the new company Vingroup wants to focus its resources on high-tech ventures like VinFast, which manufactures automobiles and VinSmart, which develops consumer technology. It will swap all ...
17 September 2019
Singapore's sovereign wealth fund, GIC, has purchased a minority stake in VCM Services and Trading Development Joint Stock Company, a Vingroup business unit which operates VinMart. Well established in Vietnam VCM operates about 114 VinMart supermarkets and 1,990 VinMart+ convenience stores in total. The retailer has grown its retail stores organically as well as through acquistiions. It had...
05 September 2019
Vingroup has acquired Vietnamese supermarket chain Queenland Mart via its retail unit Vincommerce. Vingroup acquires another business The latest acquisition follows Vingroup’s the purchase of Shop & Go convenience stores earlier this year. Queenland Mart has eight stores located in in Ho Chi Minh. The stores will now be rebranded to VinMart outlets. This was also the approach for the 23 F...
27 May 2019
VinMart, a leading retailer in Vietnam, has placed large posters displaying images of over 100 daily essential products on shelves to look like a supermarket in 20 locations. Shoppers can buy these products by scanning QR codes on their mobile phone and pay with the VinID app. Expanding to more locations These virtual stores are placed in dormitories, office buildings, schools and bus stops...
03 April 2019
Vingroup has acquired all 87 Shop & Go chain of convenience stores for just US$1. There are 70 stores in Ho Chi Minh City and 17 in Hanoi. Shop & Go withdraws due to competition Shop & Go opened its first store in 2006 and became one of the first operators of modern convenience stores in Vietnam. A representative for the retail chain said, “we have invested a great deal in the Shop & Go sys...
04 March 2019
VinMart, a leading retailer in Vietnam, is testing “Scan & Go” feature with a mobile application in 13 stores. Integration with VinID Shoppers need to download the VinID app and be a member to use the new feature. Once the “Scan & Go” feature is selected, shoppers can scan the barcode in the store and see the product information and prices in their electronic cart. Payment can be made upon ...
28 September 2018
AEON has sold its 30% stake in small grocery chain Fivimart to Vinmart in Vietnam. Divestment in Fivimart... After four years of being a part owner and mounting losses, AEON has sold its share in Fivimart (23 stores). It has been reported that the decision to exit was due to poor performance and strategic differences between stakeholders. Converted to Vinmart stores All Fivimart store...
24 January 2018
After three years in operation, VinMart supermarkets and VinMart+ convenience stores form the largest retail chain in Vietnam. Building on this success, the retailer is looking to continue its development over the next two years. New phase of development In December 2017 alone, the retailer added 100 new outlets in 11 provinces. On average, three convenience stores were opened per day. At a...