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Two Vietnam Companies to Merge Units to Create Retail Giant

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Two of Vietnam’s most important companies plan to merge some of their units to create a retail giant in the country.

Vingroup JSC’s retail and agriculture units will merge with Masan Consumer Holdings -- a subsidiary of Masan Group Corp. -- to create the new corporation, according to a Vingroup statement. Vingroup’s shares in VinCommerce and VinEco will be converted into shares of the new company, in which Vingroup will be a shareholder and Masan Group will take control.