Trump Urges Exxon, Chevron to Cut Gas Prices After Record Oil Profits 
Telegram Restored on Apple App Store After Temporary Removal 
Colgate-Palmolive Reaffirms 2026 Sales Outlook Despite Weak North America Demand 
AstraZeneca, Bristol Myers Squibb Explore Mega Merger Worth Nearly $400 Billion 
Bayer Q2 Earnings Beat Forecasts as Crop Science Boosts Results, Debt Outlook Improves 
Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight 
Shein Targets $30B-$40B Valuation in Hong Kong IPO Planned for August 
Chery Invests $75 Million in KG Mobility to Expand Global Automotive Partnership 
FleetPartners Shares Jump After A$760 Million Takeover Proposal From Pacific Equity Partners 
Roblox Stock Drops 16% as Q3 Bookings Forecast Misses Expectations 
Toyota Raises FY2027 Outlook, Announces ¥1 Trillion Buyback Despite Q1 Profit Dip 
Alibaba Stock Jumps as Qwen 3.8-MAX AI Model Intensifies China's AI Race 
SK Hynix Bonus Dispute Deepens as Union Rejects Stock-Based Payout Proposal 
Boeing Stock Jumps as FAA Certifies 737 MAX-7 After Years of Regulatory Review 
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum 
Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring 
Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat 
SK Group confirmed this week that it would be investing in Vietnam’s largest retailer by acquiring a 16% stake. This is a strategic move as the company taps into the fast-growing e-commerce business.
SK’s stake in VinCommerce
As per The Korea Herald, SK’s Southeast Asian investment division purchased a 16.3% share in VinCommerce, and this is worth KRW460 billion or $410 million. It was mentioned that this Vietnamese retailer giant is a subsidiary of Masan Group Corp. that operates convenience stores and supermarkets around Vietnam, which is at least 2,300 in number.
With this, Masan Group takes 50% of the country’s overall retail market. It was in December 2019 when Masan bought an 83.7% stake in VinCommerce owned by Vingroup, the nation’s biggest private conglomerate.
Moreover, SK Group revealed it would partner with Masan to invest in retail, electronic payment systems, and logistics. This is to develop and widen VinCommerce's online channels, targeting the e-commerce market in Vietnam.
SK invests in Vietnam's VinCommerce
Masan Group successfully obtained market dominance in different business sectors by creating synergy with VinCommerce power in the retail trade. After Masan’s acquisition, VinCommerce’s profits went up and reached $1.4 billion last year, which is a 30% growth compared to 2019’s $1.1 billion. This year, it was said that VinCommerce is expecting to reach $1.8 billion in sales.
"We expect that VinCommerce will grow into an omni-channel business, such as Alibaba or Amazon, that integrates online and offline channels," The Korea Times quoted an SK official as saying after the purchase of shares. "Investment in the company is an investment in the future retail value chain of Southeast Asia, which is expected to see high growth."
Finally, with SK's stake purchase in VinCommerce, the South Korean company further secured more investment rights in Masan's consumer business as well. The two companies are looking to explore more businesses together as they go along with the partnership.
"VinCommerce, based on customer-centered management, strengthened its sales network and improved sales efficiency,” VinCommerce CEO Truong Cong Thang said. “SK's investment will become a starting point for VinCommerce to make another leap in the Vietnamese market.
