Vingroup to move away from supermarkets and focus on tech

Vietnam's largest conglomerate and Masan to merge retail segments

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Vingroup wants to divest from its supermarket business and focus on technology.  © Reuters

TOMOYA ONISHI, Nikkei staff writer

HANOI -- Two leading Vietnamese conglomerates Vingroup and Masan Group have agreed to merge their retail and consumer goods manufacturing businesses, they said on Dec. 3, in a move to create the country's largest retail company.

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