Bain, GIC: In the face of US-China geopolitical tensions, Vietnam is attracting investors

Featured image of the article Bain, GIC: In the face of US-China geopolitical tensions, Vietnam is attracting investors

An article by Sophie Baqué

Publication

3 October 2023 à 11h22

Updated on 13 November 2024 à 16h17

Reading time

1 minute

Publication: 3 October 2023 à 11h22, Updated on 13 November 2024 à 16h17

Reading time: 1 minute

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An article by Sophie Baqué

Publication

3 October 2023 à 11h22

Updated on 13 November 2024 à 16h17

Reading time

1 minute

Publication: 3 October 2023 à 11h22, Updated on 13 November 2024 à 16h17

Reading time: 1 minute

Share
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According to Reuters, Singapore’s sovereign wealth fund GIC is in the running to acquire up to a 20% stake in Bach Hoa Xanh supermarkets (sales of US$558 million, up 7% in H1 2023 via 1,700 stores, net loss of US$27 million). A subsidiary of Mobile World Investment, the chain is the country’s 3rd largest food retailer, but is struggling to become profitable (loss 2022: US$123 million). This transaction, that values the retailer between US$1.5 and US$1.7 billion, could be finalized in Q1 2024.

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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