Vietnam retail giant Masan says investor tolerance for losses is fading

Sprawling conglomerate could list subsidiary overseas in coming years

20231130 masan tea

Phuc Long tea shops are one of dozens of companies under the umbrella of Vietnam's Masan, a retail giant eyeing a possible IPO abroad. (Photo by Lien Hoang)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- The era of cheap money and racking up losses to gain market share has ended, according to Vietnam's largest consumer goods company.

Backed by Bain Capital and Alibaba, retailer Masan says it is willing to bear some losses in the short term, but -- at a time when the "cost of capital is high" -- investors have only "medium patience."

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