HO CHI MINH CITY -- Vietnamese property developer Vingroup logged a 438% jump in its retail business to 6.9 trillion dong ($309 million), in the first half of 2016. The retail business now makes up around 20% of the company's revenue.
That impressive growth comes after Vingroup Chairman Pham Nhat Vuong revealed the company's decision to make retailing a core business, hoping to increase its contribution to sales to around 50% of the group total in the coming years.
