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Tag Archives: Vingroup

Fitch revises Vingroup’s outlook to negative

The Negative Outlook reflects Vingroup`s heightened business risk and Fitch estimated that leverage, defined as net debt/adjusted inventory, is likely to rise to 58% in 2018, before falling to 36% in 2019. Fitch Ratings has affirmed Vietnam’s largrest privately-run conglomerate Vingroup’s long-term foreign- and local-currency Issuer Default Ratings at ‘B+’, …

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Vingroup retail arm acquires Vietnamese supermarket chain

People shop at a Fivimart supermarket in Hanoi.

VinCommerce, owner of the largest Vietnamese retail outlet chain, has bought out competitor supermarket chain Fivimart. The deal, whose value has not been revealed, delivers 23 Fivimart outlets to VinMart. VinCommerce, a member of the Vingroup business conglomerate, bought Fivimart from domestic company Nhat Nam JSC and Japanese retailer AEON, …

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