Vingroup picks up 79 Market's address in Hanoi.
Chairman of Alphanam, Nguyen Tuan Hai, has decided to sell the location of 79 Market after closing down the business. He agreed with the Vingroup proposal as soon as it was received, he said, adding that Vingroup is expanding in the retail market.
Vingroup previously purchased Ocean Mart from the Ocean Group, in October, and renamed it VinMart. With 13 supermarkets at the moment, Vingroup plans to expand to 40 throughout the country.
It also Vingroup heated up the market in opening Kids World in 2013. Moreover, the group has also invested with partners in e-commerce, such as VinE-Com and VinFashion.
Alphanam Food, which owned 79 Market and is the retail arm of Alphanam, will now only focus on its restaurants.