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Companies

Vingroup further shrinks retail with exit from electronics chain

Move comes two weeks after Vietnamese conglomerate merges consumer unit with rival

Vingroup is closing its chain of VinPro electronics stores within the month.

HANOI -- Vietnam's largest real estate company Vingroup is set to exit from directly operated retail outlets as it will close its electronics retail store network within the month.

Vingroup said on Wednesday it would move away from "direct retail" businesses to optimize resources. The group will continue operating Vincom Retail, which leases real estate units to retailers and runs large shopping malls.

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