Vietnamese conglomerate Vingroup has added a popular supermarket chain to its latest buying spree, bolstering its plan to increase presence in the retail sector.

Vingroup, which has its own retail brand VinMart, has acquired a 100 percent stake to become the new owner of Maximark, the Ha Noi-based firm announced on Sunday without revealing the deal price.

The acquisition includes 9 Maximark outlets and other properties which previously belonged to Ho Chi Minh City-based An Phong Investment JSC, according to Vingroup.

Shoppers are seen at the Maximark Cong Hoa supermarket in Ho Chi Minh City. Tuoi Tre

Maximark is a popular retailer in southern and south-central Viet Nam, with 4 supermarkets in Ho Chi Minh City, 2 in Khanh Hoa and one each in Dong Nai, Ninh Thuan, and Phu Yen.

All of these 9 outlets will become members of either the VinMart or Vincom Retail chains operated by Vingroup after the acquisition is completed.

(Source: tuoitrenews)