HANOI - A consortium led by GIC has paid US$500 million for a minority stake in a retail unit of Vingroup JSC, according to a statement from the Singapore sovereign wealth fund on Monday .
Vingroup and VCM Services & Trading Development JSC have"established themselves as reputable retail companies with attractive brands in Vietnam's fast-growing consumer market," GIC said in the statement."As a long-term investor, GIC is confident in the growth outlook for disposable incomes and household consumption in Vietnam."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: