Subscription Plans

Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.

Subscription Plans

Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Sunday, June 1, 2025

Over 400 VinMart+ stores closed

Must read

HCMC – Since the VinCommerce consumer retail unit of Vingroup merged with Masan Group’s retail subsidiary Masan Consumer Holdings, over 400 ineffective VinMart+ convenience stores have been shut down to reduce losses and approach the breakeven point.

Masan’s development plan for VinCommerce has produced positive results, with its earnings before interest, tax, depreciation and amortization improving from minus 5.1% in the first quarter to 8.5% in the second quarter when the coronavirus broke out in Vietnam. The firm is making efforts to breakeven this year.

Between January and September, 12 VinMart supermarkets and 421 VinMart+ convenience stores, which performed poorly, were shut. Of the total, over 80% of the closed Vinmart+ stores were located in HCMC and some Grade II cities.

Besides, Masan has opened one new VinMart supermarket and 57 VinMart+ stores, taking the total number of VinMart stores to 2,646 as of late September.

Masan’s plan to shut down ineffective stores and open new ones helped VinCommerce earn over VND7.8 trillion in the third quarter of the year. In the nine-month period, the revenue of the VinMart+ retail chain surged by 50% year-on-year despite 400 stores being shut down.

Hanoi City contributed 48% to the VinMart retail chain’s total revenue, while in HCMC, VinCommerce is striving to improve its business efficiency, according to Masan.

By Viet Dung

More articles

Latest articles