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...