A lot of events happened in 2019, including merger and acquisitions (M&As). Meanwhile, some e-commerce websites stopped their operation.

In less than a month, Masan Consumer, a consumer business of major conglomerate Masan Group, has initiated two deals to take its businesses beyond the food and beverage sector.

All operations of Vingroup’s e-commerce platform Adayroi stopped since yesterday (December 17) evening.

Vingroup, Vietnam’s largest private firm by market value, has given up control of its retail unit as it wants to concentrate on the technological and industrial sectors.

Vietnam’s largest conglomerate Vingroup has announced the sale of its retail and agricultural arms to Masan Group. 

Retail is attractive for investors as the industry has advantages after foreign wholly-owned retail firms have been allowed to set up in Vietnam and taxes imposed on most of goods imported from other ASEAN countries to Vietnam are exempted.