Transaction values VinCommerce at $2.5 billion for 100 per cent of its equity.
Vietnam is a still young retail market and has lots of development potential.
After ACA Investments, Japan-based Scroll Corporation has become the second largest stakeholder of Cat Dong, which owns e-commerce sites Cungmua.com, Shipto.vn and Nhommua.com with 26.9 per cent stake.
In the retail market with fierce competition and numerous retailers, whether the decision to open supermarket chain including Qmart and Qmart+ is the "gamble" of Do Quang Hien, Chairman of T&T Group.
With 21 global economies participating in the APEC 2017 Economic Leaders' Week, Danang’s tourism and retail market will be benefited enormously.
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