Vingroup’s retail arm, VinCommerce, has completed the acquisition of the Fivimart supermarket system, according to a Vingroup press release published on October 8.
Customers buy goods at VinMart. VinCommerce, operator of VinMart, has acquired Fivimart supermarket system. (Source: VNA)
Hanoi (VNS/VNA) - Vingroup’sretail arm, VinCommerce, has completed the acquisition of the Fivimartsupermarket system, according to a Vingroup press release published on October8.
It has acquired 100 per cent ofFivimart from its operator, the Nhat Nam Joint Stock Company, to own all 23Fivimart supermarkets. These stores will be soon renamed to VinMart, thesupermarket brand of Vingroup.
“In VinCommerce’s developmentstrategy, VinMart and VinMart will be established not only Vinhomesresidential complexes but also other residential areas nationwide. This deal isone step in realising this strategy,” said Thai Thi Thanh Hai, VinCommerce CEO.
Besides continuing to sellconsumer goods, food, home appliances and cosmetic utensils, these newsupermarkets will also sell safe and fresh food and products with Vingroup’sbrands such as VinEco agricultural products, VinMart Cook’s pre-processed foodsand VinMart Home consumer goods.
Vingroup’s supermarket system waslaunched in 2014. After less than four years, the system of VinMart and VinMarthas had the largest scale and fastest growth rate in Vietnam.
The deal between VinCommerce andFivimart came after retail giant AEON terminated its deal with Hanoi-basedFivimart after four years due to losses, selling its 30 percent stake inFivimart.
Speculation about the divorcebetween Fivimart and Aeon started in early September.
Since the beginning of theirpartnership since 2015, Fivimart increased its supermarkets from 10 to 23,while revenue jumped from 1.07 trillion VND (45.64 million USD) to 1.3 trillionVND during the 2015-2017.
However, Fivimart posted lossesof 60 billion VND in 2015, which later widened to 96 billion VND a year later.In 2017, the local supermarket chain reported losses of 23 billion USD, resultingin an accumulated loss of 197 billion VND.-VNS/VNA
Private business conglomerate Vingroup is seeking shareholders’ approval for targets of 34 percent and 50 percent increases in revenue and net profit, respectively, this year.
Facing increasing competition from the arrival of many world leading retailers, domestic retailing companies are turning their eyes to the rural market to capitalise on the advantage of home ground.
Mollis organic towels of PhongPhu Corporation have received “very good response” in the market after being launched last year, a sign that premium products are becoming more popular in Vietnam.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Customers buy goods at VinMart. VinCommerce, operator of VinMart, has acquired Fivimart supermarket system. (Source: VNA) 
