Selling all the shares to Vingroup, the 23 supermarkets of the Fivimart chain will be brought under the umbrella of Vinmart. All Fivimart stores will be renamed to Vinmart soon VinCommerce, a subsidiary of Vingroup (code: VIC) has just announced completing the acquisition of the entire Fivimart chain of First Vietnam JSC (FIVI JSC), one of the retailers with a decade-long experience in Vietnam that holds several good locations in the middle of crowded trade hubs. One month earlier, Japanese AEON Co., Ltd. dissolved its partnership with Hanoi-based Fivimart, divesting its 30 per cent stake in the firm. However, the deal value was not announced. At the same time, the Japanese firm decided to maintain its 49 per cent ownership in Citimart. After the acquisition, the 23 Fivimart stores will be renamed to Vinmart. Vingroup's supermarket chain will focus on providing safe food, private agricultural product labels, processed food, and household goods in addition to consumer retail, … [Read more...] about Vinmart takes over Fivimart
Vinmart
VinMart offers discount to NAPAS cardholders
VinMart offers discount to NAPAS cardholdersBy Van Ly HANOI - Vingroup and the National Payment Corporation of Vietnam (NAPAS) jointly launched a promotional program that will run between August 27 and September 26, offering a 30% cashback to customers who use NAPAS cards for payment at VinMart stores across the country. Customers can avail of the offer if they use either VinID cards or NAPAS cards to pay the shopping bill. The offer is valid on purchases worth at least VND200,000 per card. The refunded amount will be converted into Vinpoints, with one Vinpoint being equivalent to VND1,000. Every VinID cardholder meeting the requirements will have a maximum of 10 days during the promotional period to win bonus points, which cannot exceed 100 points per day. Apart from the refund, VinMart shoppers using VinID and NAPAS cards can also participate in a lucky draw, where the highest prize is worth hundreds of millions of dong. In addition, there are consolation prizes available, ranging … [Read more...] about VinMart offers discount to NAPAS cardholders
Vingroup and NAPAS offer promotion for Vinmart
Customers shop at a Vinmart supermarket in Hà Nội. — VNS Photo Đoàn TùngViet Nam News HÀ NỘI — Vingroup co-operated with the National Payment Corporation of Việt Nam (NAPAS) to launch a promotion programme offering major reimbursements for customers who pay via NAPAS domestic cards issued by Vietnamese banks including debit, credit, prepay cards or VinID customer card. Customers can recoup up to 30 per cent of the value of their bill when shopping at Vinmart supermarkets nationwide. Customers must spend at least VNĐ200,000 (US$9) on the bill, have VinID cards and pay by NAPAS domestic cards. At the same time, customers will have opportunities to participate in a lucky draw programme with the highest prize of up to VNĐ100 million. The programme runs from August 27 to September 26. — VNS … [Read more...] about Vingroup and NAPAS offer promotion for Vinmart
Trung An picked to supply rice for VinMart
Trung An picked to supply rice for VinMart Trung Chanh By Trung Chanh - The Saigon Times Daily CAN THO - VinEco Company has selected rice produced by Trung An Co Ltd in Can Tho City for distribution at its VinMart retail stores. Pham Thai Binh, director of Trung An Co Ltd, told the Daily that VinEco Company under Vingroup and Trung An have clinched a strategic cooperation agreement on selling Trung An’s rice at VinMart stores. Trung An rice meets Global Good Agricultural Practice (GlobalGap). The organic rice is certified by Eco Cert, an organization which was established in 1991 by French agronomists to set standards and certifies agricultural organic products. Trung An will initially supply six types of rice for VinMart stores including Trang Tep, Tim Than, Huong Lai, Huong Lai Sua, Viet Dai, and Japonica. Binh said the company will sell rice to VinMart based on the latter’s demand. As part of the agreement, Trung An and VinEco will join forces to help customers get … [Read more...] about Trung An picked to supply rice for VinMart
VinMart takes over Vinatexmart
VinMart takes over Vinatexmart Quoc Hung By Quoc Hung - The Saigon Times Daily HCMC – In accelerating its foray into the retail market, VinMart Supermarket Joint Stock Company under Vingroup has bought the supermarket chain Vinatexmart under Vinatex Fashion Co. Ltd. Vingroup announced the acquisition in a statement last Friday. A source from Vinatexmart confirmed the deal when reached by the Daily but declined to reveal its value. Vinatexmart has 39 stores in more than 19 cities and provinces. VinMart will operate the supermarket chain of Vinatex Fashion Co. Ltd. under the state-owned Vietnam National Garment and Textile Group (Vinatex) after paperwork is done, and arrange jobs for Vinatexmart’s current employees depending on their abilities. Duong Thi Mai Hoa, general director of Vingroup, said in the statement that the local retail market has turned attractive to investors as it holds huge long-term potential. The entry of global retailers into Vietnam in recent … [Read more...] about VinMart takes over Vinatexmart