Masan Group Explained

Masan Group
Type:Public
Foundation:1996
Founder:Nguyễn Đăng Quang
Hq Location:MPlaza Saigon39 Le Duan, Ben Nghe
Hq Location City:District 1, Ho Chi Minh City
Hq Location Country:Vietnam
Key People:Nguyễn Đăng Quang (Chairman)
Industry:Conglomerate
Revenue: 43.298 trillion VND (2016)
Net Income: 2.791 trillion VND (2016)
Assets: 73.039 trillion VND (2017)
Homepage:Masan Consumer

Masan Group Corporation,, is among the top three largest conglomerate private sector companies in Vietnam in terms of market capitalization.[1] The group was founded and is headquartered in Ho Chi Minh city. Its subsidiaries include Masan Consumer Holdings (consumer staples), Techcombank (financial services) and Masan Resources (mining). The group launched on the Ho Chi Minh Stock Exchange on 5 November 2009.

Masan Group was among the first domestic Vietnamese corporations to adopt a growth strategy that taps foreign sources of capital for acquisition-driven expansion. In April 2011, the group's subsidiary Masan Consumer Corp. became the recipient of Vietnam's largest private-equity investment when KKR paid US$159 million for a 10% stake in the company.[2] This investment was viewed as a validation of Vietnam's M&A potential.[3]

The company was founded by its chairman, Nguyen Dang Quang, who following a doubling of the share price in the six months to January 2018, had a net worth of US$1.2 billion.[4]

In December 2019, Masan Group acquired a controlling stake in VinGroup's retail division VinCommerce, which operates under the VinMart brand.[5]

Notes and References

  1. Web site: HOSE constituents by market cap. Stoxplus. 3 February 2012. https://archive.today/20140902031130/http://www.stoxplus.com/market_data.asp?action=cptv&san=0&cptvID=1&OrderBy=5. 2 September 2014. dead.
  2. News: KKR Buys Masan Stake in Biggest Vietnam Private Equity Deal. 3 February 2012. Bloomberg News. 13 April 2011.
  3. Web site: Riding Asia's Next M&A Wave: Challenges for Legal Practitioners Operating in Vietnam. Asian Legal Business. 2012-02-03. 2012-03-21. https://web.archive.org/web/20120321064830/http://asia.legalbusinessonline.com/news/analysis/riding-vietnams-next-manda-wave-challenges-for-legal-practitioners-operating-in-vietnam/106877. dead.
  4. Web site: Fish Sauce Helps Vietnam Mint Its Newest Billionaire. 18 January 2018. 12 February 2018. www.bloomberg.com.
  5. Web site: VinCommerce and VinEco of Vingroup will be merged with Masan Consumer. 3 December 2019.